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 economics of Section 8 in ZIP code 53825 are straightforward. For a two-bedroom rental unit, the SAFMR (Small Area Fair Market Rent) is set at $970 per month for fiscal year 2026. This figure represents the maximum amount that the housing authority will pay for a two-bedroom unit in this specific ZIP code.
When a tenant signs up for the Section 8 program, they are responsible for paying a portion of their rent, typically around 30% of their income. The rest is covered by the housing voucher. However, the total rent cannot exceed the SAFMR of $970. If the local market rent for a two-bedroom unit is higher than $970, the landlord will only receive the SAFMR amount, regardless of the actual market price.
To understand how much a voucher actually pays, consider the following breakdown:
The typical reimbursement gap or surplus can be calculated by comparing the SAFMR to the local market rent. In ZIP 53825, since the local market rent is not available, we must rely on the SAFMR as the benchmark. If the local market rent is lower than $970, landlords may find themselves with a surplus, meaning they could potentially charge more than the SAFMR. Conversely, if the local market rent exceeds $970, landlords will have a reimbursement gap, receiving less than they might otherwise charge in the open market.
In summary, landlords in ZIP 53825 should expect a fixed reimbursement rate of $970 for a two-bedroom unit, which includes the tenant's contribution and any applicable utility allowances. The absence of local market rent data makes it difficult to determine the exact surplus or gap, but it is clear that the SAFMR sets a cap on what the housing authority will pay.
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.