Section 8 Fair Market Rent (FMR) for ZIP 53951 - 2027

Location: Sauk County, WI | Metro: Sauk County, WI

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$770
1 Bedroom	$910
2 Bedrooms	$1,070
3 Bedrooms	$1,330
4 Bedrooms	$1,440
5 Bedrooms	$1,670
6 Bedrooms	$1,870
7 Bedrooms	$2,020
8 Bedrooms	$2,121

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,452

Median Household Income

$71,970

Housing Units

1,079

Renter Percentage

22.8%

Occupancy Rate

87.7%

Renter Occupied

216

ZIP code 53951 is situated in a suburban area that offers a blend of quiet living and proximity to urban amenities. The region is characterized by a stable housing market, with both rental and homeownership options available to residents.

The Fair Market Rent (FMR) for the area is set at $1,010 per month for the fiscal year 2026, indicating the government's benchmark for affordable housing.
The average market rent in ZIP 53951, according to the Census ACS, stands at $972 per month, slightly below the FMR but still reflective of a steady demand for rentals.
The median home value in the area is $314,315, which suggests a moderate cost of entry for homeownership and provides a baseline for property investments.
Renters make up 22.8% of the population, signaling a significant portion of the market that relies on rental properties for housing.
The median income in the area is $71,970, providing insight into the financial capacity of potential tenants and homeowners.

The data points indicate a balanced market where rental properties can be priced competitively around $972 per month, aligning closely with the FMR. With a median home value of $314,315, there is a reasonable investment opportunity for those interested in homeownership or flipping properties. The substantial renter share of 22.8% suggests ongoing demand for rental units, making it a viable option for landlords and small-portfolio investors. Given the median income of $71,970, tenants should have sufficient financial stability to support consistent rental payments. Overall, ZIP 53951 presents a stable environment for real estate investment, particularly in rental properties, with the potential for moderate returns on investment.

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.