Section 8 Fair Market Rent (FMR) for ZIP 53813 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 53813

• Platteville Housing Authority (Platteville, WI) - 132 Section 8 vouchers
• Boscobel Housing Authority (Boscobel, WI)

The ZIP code 53813, located within the Grant County, WI metro, presents a unique snapshot when compared against typical ZIP codes in the same county. The Fair Market Rent (FMR) for the area is set at $980 for fiscal year 2026, which is notably higher than the market rent of $812. This suggests that while the government's estimate for adequate rental housing is $980, the actual market conditions offer rentals at a lower price point of $812. This discrepancy can be advantageous for landlords who are participating in the Section 8 program, as it allows them to charge closer to the FMR without being significantly overpriced relative to the local market.

The median home value in ZIP 53813 stands at $220,685. This figure is likely representative of the overall housing market in Grant County, WI, indicating that the area is neither particularly expensive nor inexpensive. It suggests a balanced market where homeownership remains accessible but is not considered low-cost. The 20.3% renter share in this ZIP code is slightly above average, implying a modest preference for renting over owning in the area.

To determine whether ZIP 53813 represents a value pocket, a mid-tier neighborhood, or a premium sub-market within its metro, consider the following:

• Value Pocket: A value pocket typically has lower-than-average home values and higher-than-average renter shares, making it attractive for renters and potentially for landlords due to the demand for affordable rental units. In ZIP 53813, the home value is moderate, but the higher-than-average renter share of 20.3% could indicate a sweet spot for Section 8 participation if the home values are perceived as relatively low by potential buyers.
• Mid-Tier Neighborhood: Given the median home value of $220,685 and a market rent of $812, ZIP 53813 seems to align well with the characteristics of a mid-tier neighborhood. Home values are neither excessively high nor low, and the renter share is modestly elevated, suggesting a balanced mix of ownership and rental opportunities.
• Premium Sub-Market: For a ZIP code to be considered a premium sub-market, it would generally have higher-than-average home values and lower-than-average renter shares. Since ZIP 53813 does not exhibit these traits, it is unlikely to be classified as a premium sub-market within the Grant County, WI metro.

The divergence between the FMR and the market rent, along with the slightly elevated renter share, suggests that ZIP 53813 could serve as a favorable location for landlords interested in the Section 8 program, especially if they can leverage the gap between FMR and market rents to their advantage.

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.