Location: Grant County, WI | Metro: Grant County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 53806 presents a unique opportunity for landlords and small-portfolio investors. With a median home value of $174,649, the area is relatively affordable compared to other markets. The lack of percentage of listings that have been reduced and the unspecified median days on market (DOM) indicate stability in the housing market, suggesting that there is little urgency among sellers to reduce their prices, which supports strong seller pricing power.
This setup implies that for those looking to hold properties long-term, there is potential for appreciation. The fundamental thesis revolves around the gap between the Fair Market Rent (FMR) and the current market rent. The FMR for the metro area in fiscal year 2026 is projected at $970, while the current market rent stands at $686 according to Census ACS data. This significant difference signals that rental rates in the area have room to grow, aligning with the expected FMR in the coming years. As rental demand increases and supply remains stable, landlords can expect to see higher rents, thus enhancing the cash flow and overall value of their investments.
Moreover, the stable housing market with strong seller pricing power suggests that property values are unlikely to decrease significantly. While the exact rate of appreciation cannot be determined from the given data, the conditions point towards a scenario where property values will likely remain steady or even increase slightly over the next 12 to 24 months. This makes ZIP 53806 an attractive location for investors who are looking to build a portfolio of rental properties with the potential for both rental income growth and capital appreciation.
In summary, the combination of a stable housing market, strong seller pricing power, and the substantial gap between current market rents and future fair market rents provides a compelling case for long-term investment in ZIP 53806. Landlords and small-portfolio investors should capitalize on the current affordability and anticipate growing rental demand to maximize returns on their investments.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.