53744

ZIPSAFMR

Dane County, WI

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,200	$1,320	6.3%
1 BR	$1,380	$1,460	5.4%
2 BR	$1,570	$1,730	4.6%
3 BR	$2,050	$2,260	4.2%
4 BR	$2,270	$2,500	4.7%
5 BR	$2,611	Not available	4.7%
6 BR	$3,002	Not available	4.7%
7 BR	$3,452	Not available	4.7%
8 BR	$3,970	Not available	4.7%

Purchase Price Calculator

Maximum purchase price

$195,161

Cost breakdown

+Likely effective rent$1,730

HUD FMR$1,570

Market rent$2,210

Est. payment standard (110%)Used$1,730

-Principal and interest-$987

Loan amount$156,129

Down payment$39,032

Rate6.50%

Term30 years

-Operating costs-$543

Property taxes-$195

Insurance-$175

Utilities$0

HOA$0

Management-$173

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$27,800(71.2% ROI)

Projected value

$210,167

Return breakdown

Property appreciation+$15,006

Loan principal paid down+$5,594

Rental cash flow+$7,200

5-year hold

+$47,621(122.0% ROI)

Projected value

$220,807

Return breakdown

Property appreciation+$25,646

Loan principal paid down+$9,975

Rental cash flow+$12,000

10-year hold

+$102,430(262.4% ROI)

Projected value

$249,822

Return breakdown

Property appreciation+$54,662

Loan principal paid down+$23,769

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.80ratio

FMR$1,200

Market$1,500

vs market-$300

FMR is below market; voucher rent may lag private rents.

0.80

1 BR

0.91ratio

FMR$1,380

Market$1,510

vs market-$130

FMR is near market; voucher and private rents are aligned.

0.91

2 BR

0.71ratio

FMR$1,570

Market$2,210

vs market-$640

FMR is below market; voucher rent may lag private rents.

0.71

3 BR

0.66ratio

FMR$2,050

Market$3,110

vs market-$1,060

FMR is below market; voucher rent may lag private rents.

0.66

4 BR

0.55ratio

FMR$2,270

Market$4,150

vs market-$1,880

FMR is below market; voucher rent may lag private rents.

0.55

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 53744 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 53744 (Madison, WI) is $1,570 a month. That is down 7.1% from $1,690 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, 53744 is tied for the 16th-highest two-bedroom rent (county range $1,530–$1,900). The median county two-bedroom FMR in Wisconsin is $1,041, so ZIP 53744 is 51% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 53744
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,270	$1,200	−5.5%	$1,080–$1,320
1BR	$1,480	$1,380	−6.8%	$1,242–$1,518
2BR	$1,690	$1,570	−7.1%	$1,413–$1,727
3BR	$2,230	$2,050	−8.1%	$1,845–$2,255
4BR	$2,500	$2,270	−9.2%	$2,043–$2,497

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 53744
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,200	$1,380	$1,570	$2,050	$2,270
FY 2026	$1,270	$1,480	$1,690	$2,230	$2,500
FY 2025	$1,080	$1,280	$1,470	$1,930	$2,160
FY 2024	$1,000	$1,180	$1,370	$1,810	$1,980
FY 2023	$1,010	$1,180	$1,380	$1,810	$2,040

Two-bedroom rent in nearby Dane County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 53744
53708	$1,570	0.0%
53711	$1,530	−2.5%
53713	$1,530	−2.5%
53714	$1,530	−2.5%
53715	$1,900	+21.0%
53716	$1,530	−2.5%
53717	$1,670	+6.4%
53718	$1,850	+17.8%
53719	$1,810	+15.3%
53725	$1,570	0.0%
53726	$1,700	+8.3%
53744Current	$1,570	—

Questions about ZIP 53744 rents

How much will Section 8 pay for a two-bedroom in ZIP 53744?

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 $1,570 it would be $1,413 to $1,727. 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 53744 in?

ZIP 53744 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 53744 for FY 2027?

The two-bedroom FMR fell 7.1%, from $1,690 in FY 2026 to $1,570 in FY 2027. Since FY 2023 it has risen 13.8%.

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 rent Madison, WI fair market rent WI statewide rents What is SAFMR?Data sources