Location: Green Lake County, WI | Metro: Columbia County, WI HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
22.7% of residents in ZIP code 53923 are renters, indicating a notable demand for rental properties in the area. The Fair Market Rent (FMR) for ZIP 53923 as of fiscal year 2024 is set at $940, which is higher than the $705 average market rent reported by the Census Bureau's American Community Survey (ACS). This discrepancy suggests that Section 8 vouchers could offer a significant advantage to tenants looking for affordable housing options.
$72,500 is the median income for households in ZIP 53923, which is relatively low compared to many metropolitan areas. This economic context further supports the reliance on rental assistance programs like Section 8. Despite the lower median income, the median home value in the area stands at $288,034, reflecting a moderate cost of living that could be challenging for some residents without financial aid.
The lack of data on days on market (DOM) and the percentage of price-cut share indicates a stable market where homes are likely selling quickly and without significant price adjustments. For landlords and small-portfolio investors, this stability combined with the higher FMR relative to market rent means that accepting Section 8 tenants can provide a steady, government-backed income stream that matches or exceeds the local market rates.
In conclusion, ZIP 53923 presents a favorable environment for landlords willing to accept Section 8 vouchers, offering a reliable source of rental income that aligns well with the economic conditions and housing needs of the area. Verdict: Accepting Section 8 tenants is a sound investment strategy in ZIP 53923.
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.