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Housing market/Wisconsin/ZIP 53704

ACS 2023 · FY2027 SAFMR

ZIP 53704 Madison, Wisconsin

Madison, WI HUD Metro FMR Area · Wisconsin. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
47,136
Households
21,798
Median HH income
$75,007
Renter share
46.5%
Median gross rent
$1,231
Vacancy
4.1%
Pop. change
+3.0%
2BR SAFMR
$1,530
SAFMR / rent
1.243×
2–49 unit stock
9,871
LIHTC proj / units
19 / 1,161
HUD assisted MF
12 / 574

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 53704 · WI — sent to you.

ZIP 53704 · WI

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ACS rent vs 2BR SAFMR

ZIP 53704 — Madison, WI HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,231
2BR SAFMR$1,530
90% floor$1,377
110% ceiling$1,683

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 53704

  • 1-unit detached10,21044.9%
  • 1-unit attached9494.2%
  • 2–4 units3,75216.5%
  • 5–49 units6,11926.9%
  • 50+ units1,2565.5%
  • Mobile4542.0%
TypeUnitsShare
1-unit detached10,21044.9%
1-unit attached9494.2%
2 units (duplex)1,8628.2%
3–4 units1,8908.3%
5–9 units2,55911.3%
10–19 units1,5206.7%
20–49 units2,0409.0%
50+ units1,2565.5%
Mobile4542.0%

2–4 unit share 16.5% · 5–49 unit share 26.9% · combined 2–49 43.4%.

Units by bedrooms

Studio
768
1BR
4,532
2BR
7,899
3BR
7,240
4BR
1,828
5+
473

Rent burden

Rent ≥30% of income46.6%
Rent ≥50% of income19.6%
  • ACS median gross rent $1,231 (all bedrooms, occupied rentals).
  • Median contract rent $1,133.
  • Renters paying ≥30% of income 46.6%; ≥50% 19.6%.
  • FY2027 2BR SAFMR $1,530 (1.243× ACS median gross rent).

Population

47,136 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +3.0%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 19 projects, 1,161 units.
  • HUD project-based assisted MF: 12 properties, 574 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 4,992 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 53704 46.5% of occupied households are renters; vacancy is 4.1%; ACS median gross rent is $1,231; population increased +3.0% between the 2018 and 2023 ACS vintages; the housing stock includes 3,752 units in 2–4-unit structures and 6,119 units in 5–49-unit structures; 19 LIHTC projects totaling 1,161 units; FY2027 2BR SAFMR is $1,530 versus ACS median gross rent of $1,231. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Wisconsin research

ZIP 53704 is a Census / HUD profile for Madison, WI. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 53704 — Madison, WI HUD Section 8 Payment Standards / SAFMR·Wisconsin ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
53527Madison, WI HUD Metro FMR Area19.2%$1,531$1,76053528Madison, WI HUD Metro FMR Area22.2%$1,343$1,53053529Madison, WI HUD Metro FMR Area26.6%—$1,53053531Madison, WI HUD Metro FMR Area16.3%$1,094$1,53053558Madison, WI HUD Metro FMR Area22.2%$1,501$1,73053562Madison, WI HUD Metro FMR Area44.7%$1,394$1,63053575Madison, WI HUD Metro FMR Area20.4%$1,223$1,53053589Madison, WI HUD Metro FMR Area23.8%$1,150$1,53053590Madison, WI HUD Metro FMR Area33.5%$1,375$1,62053593Madison, WI HUD Metro FMR Area28.8%$1,530$1,79053597Madison, WI HUD Metro FMR Area25.6%$1,336$1,56053598Madison, WI HUD Metro FMR Area33.2%$1,470$1,760

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Wisconsin research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 53704?

ZIP 53704 (Madison, WI HUD Metro FMR Area) has 47,136 residents, 21,798 households, a renter share of 46.5%, median household income of $75,007, and ACS 2023 median gross rent of $1,231. Vacancy is 4.1%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 53704?

ACS counts 1,862 units in 2-unit buildings, 1,890 in 3–4 unit buildings, 2,559 in 5–9, 1,520 in 10–19, and 2,040 in 20–49. Combined 2–49 unit stock is 9,871 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 53704?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,530. See the full schedule and 90–110% payment-standard band on the ZIP 53704 — Madison, WI HUD Section 8 Payment Standards / SAFMR.

Does this Wisconsin ZIP profile include Georgia listings?

No. ZIP 53704 is Census / HUD research for Madison, WI HUD Metro FMR Area. Jeff Crowe CRE does not list Wisconsin property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.