Location: Sauk County, WI | Metro: Richland County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 53937 is set at $1,090 for the metro area fiscal year 2026. This figure represents the payment standard for Section 8 housing vouchers, which is the amount the government will pay toward your tenant's rent. It does not mean you can charge $1,090; it simply indicates the maximum reimbursement rate you'll receive.
To put this into perspective, the average rent in ZIP 53937, according to Census ACS data, is $1,013. This suggests that the FMR is slightly above the market rate, making it a reasonable target for reimbursement while still allowing you to potentially charge a bit more to cover your costs fully.
About 15.6% of residents in the area are renters, indicating a moderate level of demand for rental properties. While not overwhelming, there is a steady need for affordable housing options, which aligns well with Section 8 tenants who rely on government assistance to find homes.
When considering the acquisition cost of a property, the median home value in ZIP 53937 is approximately $345,382. This is an important figure to keep in mind when evaluating the potential profitability of a Section 8 rental property. The acquisition cost should be balanced against the expected rental income and the overall maintenance and management expenses of the property.
Before deciding to participate in the Section 8 program, ensure that the property meets all local housing quality standards (HQS). These standards are set by the Department of Housing and Urban Development (HUD) and must be satisfied to qualify for the program. Verifying HQS compliance upfront will save you time and resources later, ensuring that your property is eligible for the Section 8 program and can attract tenants who benefit from this assistance.
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.