Location: Sauk County, WI | Metro: Richland County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 53924 within Sauk County, Wisconsin, reveals a favorable environment for cashflow generation. The HUD Fair Market Rent (FMR) for the Sauk County metro area in fiscal year 2026 is set at $980. This figure exceeds the current market rent of $815 as reported by the Census Bureau's American Community Survey (ACS), indicating that voucher tenants can cashflow at the HUD FMR rate.
To further understand the investment potential, consider the median home value in the area, which stands at $305,643. Using this figure, we can calculate the rent-to-price ratio. With an average monthly rent of $815, the annual rent would be approximately $9,780. Dividing this by the median home value yields a rent-to-price ratio of roughly 3.2%. This ratio suggests that rental income is relatively high compared to property values, making it attractive for investors seeking strong cashflow.
In terms of the rental versus buying dynamics, the data does not provide specific figures for the median days on market (DOM) or the percentage of homes that required price cuts. However, given the higher FMR relative to market rents, there is likely less pressure for landlords to reduce their asking rents to attract tenants. This stability in rent pricing can contribute to a more predictable cashflow scenario for investors.
The strongest investor angle in ZIP code 53924 is undoubtedly cashflow. The significant gap between the HUD FMR and the market rent means that landlords can expect to generate positive cashflow even without premium units, providing a solid financial foundation for investment in the area.
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.