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

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

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). 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.