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 ZIP code 53820 stands out in its county with a population of 2,467 residents, where 18.6% are renters. The median household income in this area is $77,083, indicating a middle-class demographic. The median home value of $246,693 reflects a stable housing market, suggesting that homeownership is a significant factor among the local population.
Moving to the specifics of Section 8 housing, the Federal Market Rent (FMR) for the fiscal year 2026 is set at $970, which is notably higher than the current market rent of $862 based on Census ACS data. This discrepancy highlights a potential opportunity for landlords who can leverage the higher FMR rates to secure steady rental income through the Section 8 program.
The economics of Section 8 vouchers in ZIP 53820 present an attractive scenario for landlords. By participating in the program, they can benefit from guaranteed monthly payments that exceed the typical market rate. This not only stabilizes cash flow but also ensures a reliable tenant base due to the rigorous screening process associated with the vouchers.
Given the data signature, ZIP 53820 appears to be a stable market. With a relatively low percentage of renters and a solid median income, there is less volatility compared to areas with higher rental populations. Additionally, the higher FMR rates provide a buffer against market fluctuations, making it a secure choice for small-portfolio investors looking to diversify their holdings without the risks associated with transitional markets.
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.