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)
ZIP code 53817, located within the Grant County, WI metro, presents an interesting scenario when compared against typical ZIP codes in the same county. The Fair Market Rent (FMR) for ZIP 53817 is set at $970 for fiscal year 2026, which is notably higher than the market rent figure of $688. This discrepancy suggests that properties in 53817 are potentially overvalued relative to what the market would naturally bear without government subsidies, positioning it as a premium sub-market within the metro.
The renter share in ZIP 53817 stands at 16.4%, indicating a significant portion of residents rely on rental housing. However, the absence of a specific home value figure implies that there might be limited single-family home ownership opportunities or data availability issues. Despite this, the high renter share combined with a lower market rent can be indicative of a favorable environment for landlords participating in the Section 8 program. This is because the gap between market rents and the FMR provides an opportunity for landlords to receive higher rental payments through the subsidy program, particularly if they cater to the needs of renters who qualify for assistance.
In summary, ZIP 53817 appears to be a premium sub-market within the Grant County, WI metro, due to its higher FMR compared to market rent. The high renter share also suggests a potential sweet spot for Section 8 landlords, as long as they are prepared to manage the administrative aspects of the program. For small-portfolio investors looking to capitalize on the demand for affordable housing, this ZIP code could represent a strategic investment opportunity.
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.