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 |
ZIP code 53824, located in Grant County, WI, presents a unique scenario when compared to other typical ZIP codes within the same county. The Fair Market Rent (FMR) for ZIP 53824 is set at $970 for fiscal year 2026. This figure is crucial for landlords and small-portfolio investors interested in the housing market dynamics of this area.
The lack of specific data on market rent, home value, and renter share percentages for ZIP 53824 means we must infer its position relative to other ZIP codes in Grant County based on the available FMR alone. In Grant County, ZIP codes generally exhibit a wide range of market conditions. However, the absence of market rent and home value data suggests that 53824 might be an outlier or less studied area within the county's broader real estate landscape.
Given that the FMR for 53824 is $970, it can be considered a potential value pocket within the Grant County metro if the average market rent and home values in the surrounding areas are significantly higher. Value pockets are typically characterized by rents that are lower than the average but still within a reasonable range for tenants receiving Section 8 assistance. This could indicate that landlords in 53824 have an opportunity to offer affordable housing options while still maintaining profitability.
The undefined percentage of the renter share in ZIP 53824 makes it difficult to determine whether there is a significant concentration of renters who might benefit from Section 8 subsidies. Typically, a high renter share combined with below-average home values signals a sweet spot for Section 8 properties. Since we do not have the renter share data, we cannot confirm this pattern in 53824. However, the presence of a defined FMR implies that there is a notable demand for rental units that qualify for federal assistance in this ZIP code.
In summary, ZIP 53824 appears to be a value pocket within the Grant County, WI metro, given its FMR of $970. Landlords should consider the potential for attracting tenants who rely on Section 8 vouchers, as the ZIP code's rental market aligns well with affordability criteria. For small-portfolio investors, this ZIP code offers a strategic entry point into the Grant County real estate market, particularly for those focusing on rental properties that cater to assisted housing needs.
Data Sources: FMR data from HUD (2027).
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.