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Rock County/Janesville/53545

53545

ZIPSAFMR
Rock County, WI
Zillow

ZIP Investment Score

89Below average

095130300
BRFMR
Eff. Rent
0 BR$1,010$1,050
1 BR$1,040$1,060
2 BR$1,330$1,400
3 BR$1,680$1,640
4 BR$1,750$1,790
5 BR$2,012Not available
6 BR$2,314Not available
7 BR$2,662Not available
8 BR$3,061Not available

Purchase Price Calculator

Maximum purchase price
$146,123

Cost breakdown

+Likely effective rent$1,400
HUD FMR$1,330
Market rent$1,440
Est. payment standard (105%)Used$1,400
-Principal and interest-$739
Loan amount$116,898
Down payment$29,225
Rate6.50%
Term30 years
-Operating costs-$461
Property taxes-$146
Insurance-$175
Utilities$0
HOA$0
Management-$140
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,624(77.4% ROI)
Projected value
$157,358
Return breakdown
Property appreciation+$11,235
Loan principal paid down+$4,188
Rental cash flow+$7,200
5-year hold
+$38,670(132.3% ROI)
Projected value
$165,325
Return breakdown
Property appreciation+$19,202
Loan principal paid down+$7,469
Rental cash flow+$12,000
10-year hold
+$82,723(283.1% ROI)
Projected value
$187,050
Return breakdown
Property appreciation+$40,927
Loan principal paid down+$17,796
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.94
1 BR
0.97
2 BR
0.92
3 BR
1.02
4 BR
0.97
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 53545 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 53545 (Janesville, WI) is $1,330 a month. That is up 5.6% from $1,260 in FY 2026. Janesville is in the Janesville-Beloit, 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 $1,280. Among 22 ZIP codes in Rock County, 53545 has the 6th-highest two-bedroom rent (county range $1,130–$1,690). The median county two-bedroom FMR in Wisconsin is $1,041, so ZIP 53545 is 28% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 53545
BedroomsFY 2027Change90–110% range
Studio$1,010+11.0%$909–$1,111
1BR$1,040+7.2%$936–$1,144
2BR$1,330+5.6%$1,197–$1,463
3BR$1,680+4.3%$1,512–$1,848
4BR$1,750+4.8%$1,575–$1,925

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 53545
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,010$1,040$1,330$1,680$1,750
FY 2026$910$970$1,260$1,610$1,670
FY 2025$820$880$1,150$1,510$1,530
FY 2024$800$840$1,110$1,470$1,540
FY 2023$750$770$1,020$1,360$1,440

Two-bedroom rent in nearby Rock County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 53545
53520$1,130−15.0%
53521$1,530+15.0%
53525$1,280−3.8%
53534$1,530+15.0%
53536$1,260−5.3%
53537$1,130−15.0%
53538$1,180−11.3%
53545Current$1,330—
53546$1,300−2.3%
53547$1,280−3.8%
53548$1,270−4.5%
53563$1,190−10.5%

Questions about ZIP 53545 rents

How much will Section 8 pay for a two-bedroom in ZIP 53545?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,280, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,152 to $1,408 a month; under the ZIP-level Small Area FMR of $1,330 it would be $1,197 to $1,463. 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 53545 in?

ZIP 53545 is in the Janesville-Beloit, WI MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,280.

How much did fair market rent change in ZIP 53545 for FY 2027?

The two-bedroom FMR rose 5.6%, from $1,260 in FY 2026 to $1,330 in FY 2027. Since FY 2023 it has risen 30.4%.

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