Section 8 Fair Market Rent (FMR) for ZIP 53964 - 2027

Location: Waushara County, WI | Metro: Adams County, WI

Investment Score for ZIP 53964

N/A

Monthly Rent (2BR)

$1,010

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,310	$295,331	0.44%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,371

Median Household Income

$69,306

Housing Units

2,086

Renter Percentage

25.9%

Occupancy Rate

66.8%

Renter Occupied

361

The ZIP code 53964, located in the heart of rural Wisconsin, offers a stable and growing market for real estate investors. The area benefits from a mix of agricultural and small-town economies, providing a consistent demand for housing. Here's a detailed look at the key metrics that define the investment landscape in this region:

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $970. This indicates the rental price point supported by federal guidelines, offering a benchmark for potential rental income.
The actual market rent, as reported by the Census American Community Survey, stands at $813. This figure represents the average rent paid by tenants in the area, which can be used to gauge the current rental market and adjust pricing strategies accordingly.
The median home value in ZIP 53964 is $261,593. This metric provides insight into the overall cost of homeownership and can influence the type of properties that might be most attractive to investors.
Renters make up 25.9% of the population, suggesting a moderate but steady demand for rental properties. This percentage is crucial for understanding the local housing market dynamics and the potential occupancy rates for rental units.
The median income in the area is $69,306. This income level is indicative of the financial health of residents and their ability to pay higher rents, which could support a strategy focused on mid-range rental properties.
While the exact Days on Market (DOM) is not available, the combination of a stable economy and a moderate renter share suggests that properties listed for rent should find tenants relatively quickly, minimizing vacancy periods.

In summary, ZIP 53964 presents a balanced opportunity for real estate investment. With a solid median income supporting rent payments and a fair market rent that exceeds the current market rate, there is room for growth in rental pricing. The median home value indicates a middle-tier market, suitable for a variety of investment strategies. The moderate renter share ensures a steady demand for rental properties without overwhelming competition. Overall, this ZIP code offers a reliable environment for generating rental income and property appreciation over time.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.