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Dane County/Madison/53718

53718

ZIPSAFMR
Dane County, WI
Zillow

ZIP Investment Score

63Below average

095130300
BRFMR
Eff. Rent
0 BR$1,410$1,110
1 BR$1,630$1,610
2 BR$1,850$1,950
3 BR$2,420$2,520
4 BR$2,680$2,760
5 BR$3,082Not available
6 BR$3,544Not available
7 BR$4,076Not available
8 BR$4,687Not available

Purchase Price Calculator

Maximum purchase price
$227,853

Cost breakdown

+Likely effective rent$1,950
HUD FMR$1,850
Market rent$2,010
Est. payment standard (106%)Used$1,950
-Principal and interest-$1,152
Loan amount$182,282
Down payment$45,571
Rate6.50%
Term30 years
-Operating costs-$598
Property taxes-$228
Insurance-$175
Utilities$0
HOA$0
Management-$195
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,250(68.6% ROI)
Projected value
$245,372
Return breakdown
Property appreciation+$17,520
Loan principal paid down+$6,531
Rental cash flow+$7,200
5-year hold
+$53,588(117.6% ROI)
Projected value
$257,794
Return breakdown
Property appreciation+$29,942
Loan principal paid down+$11,646
Rental cash flow+$12,000
10-year hold
+$115,568(253.6% ROI)
Projected value
$291,671
Return breakdown
Property appreciation+$63,818
Loan principal paid down+$27,750
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.27
1 BR
1.01
2 BR
0.92
3 BR
0.94
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 53718 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 53718 (Madison, WI) is $1,850 a month. That is down 7.0% from $1,990 in FY 2026. Madison is in the Madison, WI HUD Metro 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 metro-wide two-bedroom FMR of $1,565. Among 52 ZIP codes in Dane County, 53718 has the 3rd-highest two-bedroom rent (county range $1,530–$1,900). The median county two-bedroom FMR in Wisconsin is $1,041, so ZIP 53718 is 78% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 53718
BedroomsFY 2027Change90–110% range
Studio$1,410−5.4%$1,269–$1,551
1BR$1,630−6.3%$1,467–$1,793
2BR$1,850−7.0%$1,665–$2,035
3BR$2,420−8.0%$2,178–$2,662
4BR$2,680−9.2%$2,412–$2,948

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 53718
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,410$1,630$1,850$2,420$2,680
FY 2026$1,490$1,740$1,990$2,630$2,950
FY 2025$1,270$1,510$1,730$2,270$2,540
FY 2024$1,180$1,390$1,610$2,120$2,330
FY 2023$1,180$1,380$1,610$2,110$2,380

Two-bedroom rent in nearby Dane County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 53718
53707$1,570−15.1%
53708$1,570−15.1%
53711$1,530−17.3%
53713$1,530−17.3%
53714$1,530−17.3%
53715$1,900+2.7%
53716$1,530−17.3%
53717$1,670−9.7%
53718Current$1,850—
53719$1,810−2.2%
53725$1,570−15.1%
53726$1,700−8.1%

Questions about ZIP 53718 rents

How much will Section 8 pay for a two-bedroom in ZIP 53718?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,565, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,409 to $1,722 a month; under the ZIP-level Small Area FMR of $1,850 it would be $1,665 to $2,035. 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 53718 in?

ZIP 53718 is in the Madison, WI HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,565.

How much did fair market rent change in ZIP 53718 for FY 2027?

The two-bedroom FMR fell 7.0%, from $1,990 in FY 2026 to $1,850 in FY 2027. Since FY 2023 it has risen 14.9%.

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