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Walworth County/Genoa City/53128

53128

ZIPSAFMR
Walworth County, WI
Zillow

ZIP Investment Score

63Below average

095130300
BRFMR
Eff. Rent
0 BR$1,000$1,100
1 BR$1,090$1,200
2 BR$1,420$1,560
3 BR$1,790$1,970
4 BR$2,320$2,480
5 BR$2,668Not available
6 BR$3,068Not available
7 BR$3,528Not available
8 BR$4,058Not available

Purchase Price Calculator

Maximum purchase price
$169,899

Cost breakdown

+Likely effective rent$1,560
HUD FMR$1,420
Market rent$1,850
Est. payment standard (110%)Used$1,560
-Principal and interest-$859
Loan amount$135,919
Down payment$33,980
Rate6.50%
Term30 years
-Operating costs-$501
Property taxes-$170
Insurance-$175
Utilities$0
HOA$0
Management-$156
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,133(74.0% ROI)
Projected value
$182,962
Return breakdown
Property appreciation+$13,064
Loan principal paid down+$4,870
Rental cash flow+$7,200
5-year hold
+$43,010(126.6% ROI)
Projected value
$192,225
Return breakdown
Property appreciation+$22,326
Loan principal paid down+$8,684
Rental cash flow+$12,000
10-year hold
+$92,278(271.6% ROI)
Projected value
$217,485
Return breakdown
Property appreciation+$47,586
Loan principal paid down+$20,692
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.78
1 BR
0.76
2 BR
0.77
3 BR
0.85
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 53128 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 53128 (Genoa City, WI) is $1,420 a month. That is up 3.6% from $1,370 in FY 2026. Genoa City is in the Walworth County, WI non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,300. Among 21 ZIP codes in Walworth County, 53128 has the 6th-highest two-bedroom rent (county range $1,090–$1,690). The median county two-bedroom FMR in Wisconsin is $1,041, so ZIP 53128 is 36% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 53128
BedroomsFY 2027Change90–110% range
Studio$1,0000.0%$900–$1,100
1BR$1,090+3.8%$981–$1,199
2BR$1,420+3.6%$1,278–$1,562
3BR$1,790+2.3%$1,611–$1,969
4BR$2,320+4.5%$2,088–$2,552

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 53128
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,000$1,090$1,420$1,790$2,320
FY 2026$1,000$1,050$1,370$1,750$2,220
FY 2025$1,030$1,100$1,440$1,900$2,280
FY 2024$1,140$1,220$1,600$2,110$2,380
FY 2023$900$1,020$1,340$1,740$1,960

Two-bedroom rent in nearby Walworth County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 53128
53105$1,320−7.0%
53114$1,130−20.4%
53115$1,240−12.7%
53119$1,210−14.8%
53120$1,680+18.3%
53121$1,200−15.5%
53125$1,510+6.3%
53128Current$1,420—
53147$1,480+4.2%
53148$1,300−8.5%
53149$1,270−10.6%
53156$1,090−23.2%

Questions about ZIP 53128 rents

How much will Section 8 pay for a two-bedroom in ZIP 53128?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,300, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,170 to $1,430 a month; under the ZIP-level Small Area FMR of $1,420 it would be $1,278 to $1,562. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 53128 in?

ZIP 53128 is in the Walworth County, WI non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,300.

How much did fair market rent change in ZIP 53128 for FY 2027?

The two-bedroom FMR rose 3.6%, from $1,370 in FY 2026 to $1,420 in FY 2027. Since FY 2023 it has risen 6.0%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentGenoa City, WI fair market rentWI statewide rentsWhat is SAFMR?Data sources