Location: Marquette County, WI | Metro: Marquette County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 53930 in the upcoming fiscal year 2026 is set at $1,020. This figure represents the payment standard for Section 8 rentals in this area, meaning it's the maximum amount the government will pay toward a tenant's rent. However, this does not necessarily mean your property's rent will be exactly $1,020; it can be higher if you choose, but the government will only cover up to this amount.
To put this into perspective, the average rent in ZIP 53930, according to recent Census American Community Survey (ACS) data, is $764. The difference between the FMR and the local average rent indicates a potential subsidy for tenants who might otherwise struggle to afford housing in this area.
The 18.8% renter share suggests that nearly one in five residents in ZIP 53930 are renters, creating a steady demand for rental properties. This percentage is important because it shows there is a significant portion of the population looking for places to live, which can translate into a stable occupancy rate for your property.
If you're considering purchasing a property for a Section 8 rental in this ZIP code, the median home value is around $261,567. This is the typical price you would expect to pay for an existing property, or the price at which a new property might be valued if you were to build.
Before proceeding with your investment, verify that your property meets all the eligibility requirements for Section 8 participation, including size, location, and condition. It's crucial to ensure that your rental unit is in good repair and complies with Housing Quality Standards (HQS) set by the Department of Housing and Urban Development (HUD).
In summary, while the FMR of $1,020 provides a guideline for the government subsidy, the actual market conditions suggest a lower average rent of $764. With an 18.8% renter share, there is a reasonable demand for rental units, and the median home value gives you a benchmark for acquisition costs. Ensure your property is HQS compliant to avoid any delays in securing a Section 8 tenant.
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.