Location: Columbia 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)
14.7% of the population in ZIP 53928 are renters, indicating a significant portion of the housing market dedicated to rental properties. This statistic underscores the importance of understanding the local rental dynamics for landlords and small-portfolio investors. $960 is the Fair Market Rent (FMR) for the area as of fiscal year 2024, which represents the maximum rent allowed for Section 8 eligible units. This figure is crucial for setting competitive rental rates while remaining within the guidelines for federal assistance programs. $85,625 is the median income level for ZIP 53928, providing insight into the financial capabilities of potential tenants. Despite the lack of specific data on market rents and median home values, the absence of these figures does not diminish the relevance of the available information. The FMR and median income levels offer a robust foundation for assessing the viability of rental investments in this region. For instance, with a median income of $85,625, tenants are likely to have sufficient funds to cover their rent and other living expenses, making them reliable candidates for Section 8 housing. Moreover, the FMR of $960 sets a clear benchmark for pricing your rental units competitively and ensuring they are accessible to those who qualify for the program. Although the data on days on market (DOM) and price-cut share percentages are not available, it is still possible to make informed decisions based on the current FMR and median income trends. In conclusion, given the 14.7% renter share and the alignment between the median income and FMR, ZIP 53928 presents a favorable environment for Section 8 investments.
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.