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Racine County/Kenosha/53144

53144

ZIPSAFMR
Racine County, WI
Zillow

ZIP Investment Score

93Below average

095130300
BRFMR
Eff. Rent
0 BR$1,100$1,210
1 BR$1,100$1,210
2 BR$1,390$1,530
3 BR$1,890$2,080
4 BR$2,150$2,310
5 BR$2,473Not available
6 BR$2,843Not available
7 BR$3,270Not available
8 BR$3,760Not available

Purchase Price Calculator

Maximum purchase price
$165,441

Cost breakdown

+Likely effective rent$1,530
HUD FMR$1,390
Market rent$1,980
Est. payment standard (110%)Used$1,530
-Principal and interest-$837
Loan amount$132,353
Down payment$33,088
Rate6.50%
Term30 years
-Operating costs-$493
Property taxes-$165
Insurance-$175
Utilities$0
HOA$0
Management-$153
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,663(74.5% ROI)
Projected value
$178,162
Return breakdown
Property appreciation+$12,721
Loan principal paid down+$4,742
Rental cash flow+$7,200
5-year hold
+$42,196(127.5% ROI)
Projected value
$187,181
Return breakdown
Property appreciation+$21,740
Loan principal paid down+$8,456
Rental cash flow+$12,000
10-year hold
+$90,487(273.5% ROI)
Projected value
$211,778
Return breakdown
Property appreciation+$46,337
Loan principal paid down+$20,149
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.76
1 BR
0.75
2 BR
0.70
3 BR
0.85
4 BR
0.90
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 53144 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 53144 (Kenosha, WI) is $1,390 a month. That is up 2.2% from $1,360 in FY 2026. Kenosha is in the Racine-Mount Pleasant, WI MSA. 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 metro-wide two-bedroom FMR of $1,283. Among 20 ZIP codes in Racine County, 53144 has the 7th-highest two-bedroom rent (county range $1,190–$1,680). The median county two-bedroom FMR in Wisconsin is $1,041, so ZIP 53144 is 34% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 53144
BedroomsFY 2027Change90–110% range
Studio$1,100+4.8%$990–$1,210
1BR$1,100+3.8%$990–$1,210
2BR$1,390+2.2%$1,251–$1,529
3BR$1,890+2.7%$1,701–$2,079
4BR$2,150+1.9%$1,935–$2,365

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 53144
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,100$1,100$1,390$1,890$2,150
FY 2026$1,050$1,060$1,360$1,840$2,110
FY 2025$1,080$1,080$1,410$1,890$2,160
FY 2024$990$1,060$1,390$1,830$2,060
FY 2023$800$910$1,190$1,550$1,740

Two-bedroom rent in nearby Racine County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 53144
53105$1,320−5.0%
53108$1,590+14.4%
53120$1,680+20.9%
53126$1,360−2.2%
53138$1,280−7.9%
53139$1,550+11.5%
53144Current$1,390—
53149$1,270−8.6%
53150$1,410+1.4%
53167$1,340−3.6%
53177$1,590+14.4%
53182$1,350−2.9%

Questions about ZIP 53144 rents

How much will Section 8 pay for a two-bedroom in ZIP 53144?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,283, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,155 to $1,411 a month; under the ZIP-level Small Area FMR of $1,390 it would be $1,251 to $1,529. 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 53144 in?

ZIP 53144 is in the Racine-Mount Pleasant, WI MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,283.

How much did fair market rent change in ZIP 53144 for FY 2027?

The two-bedroom FMR rose 2.2%, from $1,360 in FY 2026 to $1,390 in FY 2027. Since FY 2023 it has risen 16.8%.

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 rentKenosha, WI fair market rentWI statewide rentsWhat is SAFMR?Data sources