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Dane County/Madison/53788

53788

ZIPFMR
Dane County, WI
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,196$1,320
1 BR$1,375$1,510
2 BR$1,565$1,720
3 BR$2,047$2,250
4 BR$2,264$2,350
5 BR$2,604Not available
6 BR$2,994Not available
7 BR$3,443Not available
8 BR$3,960Not available

Purchase Price Calculator

Maximum purchase price
$193,675

Cost breakdown

+Likely effective rent$1,720
HUD FMR$1,565
Market rent$3,030
Est. payment standard (110%)Used$1,720
-Principal and interest-$979
Loan amount$154,940
Down payment$38,735
Rate6.50%
Term30 years
-Operating costs-$541
Property taxes-$194
Insurance-$175
Utilities$0
HOA$0
Management-$172
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,643(71.4% ROI)
Projected value
$208,567
Return breakdown
Property appreciation+$14,892
Loan principal paid down+$5,551
Rental cash flow+$7,200
5-year hold
+$47,350(122.2% ROI)
Projected value
$219,125
Return breakdown
Property appreciation+$25,450
Loan principal paid down+$9,899
Rental cash flow+$12,000
10-year hold
+$101,833(262.9% ROI)
Projected value
$247,920
Return breakdown
Property appreciation+$54,245
Loan principal paid down+$23,588
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.68
1 BR
0.56
2 BR
0.52
3 BR
0.77
4 BR
0.94
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 53788 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 53788 (Madison, WI) is $1,565 a month. That is down 7.6% from $1,694 in FY 2026. Madison is in the Madison, WI HUD Metro FMR Area. The median county two-bedroom FMR in Wisconsin is $1,041, so ZIP 53788 is 50% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 53788
BedroomsFY 2027Change90–110% range
Studio$1,196−5.7%$1,076–$1,316
1BR$1,375−7.2%$1,238–$1,513
2BR$1,565−7.6%$1,409–$1,722
3BR$2,047−8.5%$1,842–$2,252
4BR$2,264−9.8%$2,038–$2,490

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 53788
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,196$1,375$1,565$2,047$2,264
FY 2026$1,268$1,482$1,694$2,236$2,509
FY 2025$1,080$1,282$1,472$1,935$2,161
FY 2024$1,004$1,182$1,372$1,808$1,986
FY 2023$1,007$1,183$1,378$1,810$2,041

Questions about ZIP 53788 rents

How much will Section 8 pay for a two-bedroom in ZIP 53788?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,565, that basic range is $1,409 to $1,722 a month. 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 53788 in?

ZIP 53788 is in the Madison, WI HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.

How much did fair market rent change in ZIP 53788 for FY 2027?

The two-bedroom FMR fell 7.6%, from $1,694 in FY 2026 to $1,565 in FY 2027. Since FY 2023 it has risen 13.6%.

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 Fair Market Rents. 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