Location: Adams County, WI | Metro: Adams County, WI
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,060 | $197,883 | 0.54% | F |
| 3BR | $1,330 | $280,117 | 0.47% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 53934, Friendship, WI, stands at $1,020 for the metro area fiscal year 2026. This figure represents the payment standard set by the U.S. Department of Housing and Urban Development (HUD) for Section 8 rental properties. It's important to note that this is not the amount you will charge your tenants as rent; it's the maximum amount HUD will pay towards a tenant's rent.
In comparison, the average rent in Friendship, WI, according to the Census American Community Survey (ACS), is $913. This indicates that the FMR is higher than the local average, which could be beneficial if you're looking to maximize your income through the Section 8 program.
The local renter share is 15.1%, meaning that approximately 15 out of every 100 households in the area are renters. This suggests a moderate demand for rental housing, including Section 8 units. Given the FMR and local rent averages, there is potential for steady occupancy rates if you participate in the program.
If you're considering purchasing a property to use as a Section 8 rental, the median home value in Friendship, WI, is around $217,739. This figure gives you an idea of the typical acquisition cost for a property in this area. However, it's crucial to remember that the Section 8 program typically covers only a portion of the total housing costs, so ensure that the property meets the necessary qualifications and that you can manage it profitably.
Before you proceed with your first Section 8 rental in Friendship, WI, verify that the property complies with HUD's Housing Quality Standards (HQS). These standards ensure that the property is safe and habitable for tenants, covering everything from structural integrity to pest control. Compliance with HQS is mandatory for all Section 8 properties, and failure to meet these standards can result in penalties or termination from the program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.