Location: Dodge County, WI | Metro: Dodge County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
U.S. Census Bureau data (2024)
The market in ZIP code 53922 presents a dynamic environment where rental properties are likely to be in high demand. The Fair Market Rent (FMR) set at $970 for the fiscal year 2026 indicates the government's benchmark for affordability in the area, while the actual market rent stands at $827 based on recent Census ACS data. This suggests that the current market rent is below the FMR, which could imply that there is strong competition among landlords to attract tenants, keeping rents lower than the government-set target.
The renter share of 14.5% is notably low, indicating that a significant portion of the population in 53922 owns their homes rather than renting. However, this also means that there is a steady long-term housing pressure as renters may seek more affordable options or transition into homeownership. For landlords and small-portfolio investors, this implies a potential for growth in rental demand as the local economy evolves and more people look to enter the rental market.
While the percentage of price-cut share, days on market (DOM), and median home value are not available, the gap between the FMR and market rent provides insight into the current dynamics. Landlords should consider that maintaining competitive rental rates can help secure tenants in an area where owning a home is more common. Additionally, understanding the local economic factors and trends can provide further context on why the renter share is relatively low and how it might change over time.
In conclusion, ZIP 53922 appears to be a market where rental demand is strong enough to keep rents below the FMR, but the low renter share suggests a broader trend towards homeownership. This balance creates an opportunity for landlords who can offer attractive rental properties at competitive rates, ensuring steady occupancy and returns on investment.
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.