Location: Adams County, WI | Metro: Adams County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The market in ZIP code 53936 is dynamic, with clear indications of how rental and homeownership trends intersect. The Fair Market Rent (FMR) for the area stands at $1,130, which is set for the fiscal year 2026. This figure represents the benchmark for what is considered a fair rent price for the ZIP code, established by HUD for programs like Section 8. In contrast, the actual market rent as per the Census ACS data is $864. This discrepancy suggests that the rental market is currently under less pressure, indicating that supply might be meeting or slightly exceeding demand.
The median home value in ZIP 53936 is $194,305, reflecting the typical cost of homeownership in the area. While the exact percentage of homes needing price cuts and the days on market (DOM) are not available, the lower market rent compared to the FMR indicates a potential surplus of rental units. This surplus could mean that landlords have to be more competitive with their pricing, which would contribute to the lower market rent observed.
The 6.6% renter share in the ZIP code is noteworthy. A smaller percentage of renters relative to homeowners can imply a stable, possibly growing, homeownership market. However, it also points to long-term housing pressures. With a significant portion of the population owning homes rather than renting, there's an ongoing demand for affordable housing options, especially for those who cannot yet afford to buy. This dynamic creates a steady need for rental properties, suggesting that even if the current supply meets demand, future pressures could shift the balance.
In summary, ZIP 53936 presents a snapshot of a market where the supply of rental units is currently sufficient to keep rents below the FMR. Yet, the low renter share and the increasing trend towards homeownership hint at underlying pressures that could influence future market conditions. Landlords and small-portfolio investors should consider these factors when evaluating the potential for returns and growth 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.