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Walworth County/Williams Bay/53191

53191

ZIPSAFMR
Walworth County, WI
Zillow

ZIP Investment Score

41Below average

095130300
BRFMR
Eff. Rent
0 BR$810$890
1 BR$890$980
2 BR$1,170$1,290
3 BR$1,460$1,610
4 BR$1,930$2,120
5 BR$2,220Not available
6 BR$2,552Not available
7 BR$2,935Not available
8 BR$3,376Not available

Purchase Price Calculator

Maximum purchase price
$129,777

Cost breakdown

+Likely effective rent$1,290
HUD FMR$1,170
Market rent$2,350
Est. payment standard (110%)Used$1,290
-Principal and interest-$656
Loan amount$103,822
Down payment$25,955
Rate6.50%
Term30 years
-Operating costs-$434
Property taxes-$130
Insurance-$175
Utilities$0
HOA$0
Management-$129
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,898(80.5% ROI)
Projected value
$139,756
Return breakdown
Property appreciation+$9,979
Loan principal paid down+$3,720
Rental cash flow+$7,200
5-year hold
+$35,687(137.5% ROI)
Projected value
$146,831
Return breakdown
Property appreciation+$17,054
Loan principal paid down+$6,633
Rental cash flow+$12,000
10-year hold
+$76,154(293.4% ROI)
Projected value
$166,126
Return breakdown
Property appreciation+$36,349
Loan principal paid down+$15,806
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.45
1 BR
0.56
2 BR
0.50
3 BR
0.53
4 BR
0.59
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 53191 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 53191 (Williams Bay, WI) is $1,170 a month. That is down 7.9% from $1,270 in FY 2026. Williams Bay 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, 53191 is tied for the 16th-highest two-bedroom rent (county range $1,090–$1,690). The median county two-bedroom FMR in Wisconsin is $1,041, so ZIP 53191 is 12% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 53191
BedroomsFY 2027Change90–110% range
Studio$810−8.0%$729–$891
1BR$890−8.2%$801–$979
2BR$1,170−7.9%$1,053–$1,287
3BR$1,460−8.7%$1,314–$1,606
4BR$1,930−4.9%$1,737–$2,123

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 53191
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$810$890$1,170$1,460$1,930
FY 2026$880$970$1,270$1,600$2,030
FY 2025$970$1,070$1,410$1,770$2,250
FY 2024area FMR$751$843$1,108$1,423$1,787
FY 2023area FMR$689$783$1,031$1,371$1,647

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Walworth County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 53191
53125$1,510+29.1%
53128$1,420+21.4%
53147$1,480+26.5%
53148$1,300+11.1%
53149$1,270+8.5%
53156$1,090−6.8%
53157$1,300+11.1%
53176$1,440+23.1%
53184$1,1700.0%
53190$1,1700.0%
53191Current$1,170—
53195$1,090−6.8%

Questions about ZIP 53191 rents

How much will Section 8 pay for a two-bedroom in ZIP 53191?

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 $1,170 it would be $1,053 to $1,287. 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 53191 in?

ZIP 53191 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 53191 for FY 2027?

The two-bedroom FMR fell 7.9%, from $1,270 in FY 2026 to $1,170 in FY 2027. Since FY 2025 it has fallen 17.0%.

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