JeffCroweCRE

Housing market/Wisconsin/ZIP 53718

ACS 2023 · FY2027 SAFMR

ZIP 53718 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
18,642
Households
8,096
Median HH income
$94,899
Renter share
41.1%
Median gross rent
$1,606
Vacancy
3.7%
Pop. change
+38.0%
2BR SAFMR
$1,850
SAFMR / rent
1.152×
2–49 unit stock
2,907
LIHTC proj / units
3 / 224
HUD assisted MF
1 / 8

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 53718 · WI — sent to you.

ZIP 53718 · WI

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ACS rent vs 2BR SAFMR

ZIP 53718 — Madison, WI HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,606
2BR SAFMR$1,850
90% floor$1,665
110% ceiling$2,035

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

Housing stock

ACS 2023 units-in-structure · ZCTA 53718

  • 1-unit detached3,74144.5%
  • 1-unit attached6267.4%
  • 2–4 units5206.2%
  • 5–49 units2,38728.4%
  • 50+ units1,13313.5%
  • Mobile10.0%
TypeUnitsShare
1-unit detached3,74144.5%
1-unit attached6267.4%
2 units (duplex)861.0%
3–4 units4345.2%
5–9 units2833.4%
10–19 units3133.7%
20–49 units1,79121.3%
50+ units1,13313.5%
Mobile10.0%

2–4 unit share 6.2% · 5–49 unit share 28.4% · combined 2–49 34.6%.

Units by bedrooms

Studio
298
1BR
1,573
2BR
2,186
3BR
3,110
4BR
1,013
5+
228

Rent burden

Rent ≥30% of income38.0%
Rent ≥50% of income10.5%
  • ACS median gross rent $1,606 (all bedrooms, occupied rentals).
  • Median contract rent $1,453.
  • Renters paying ≥30% of income 38.0%; ≥50% 10.5%.
  • FY2027 2BR SAFMR $1,850 (1.152× ACS median gross rent).

Population

18,642 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +38.0%.

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

Assisted inventory

  • LIHTC: 3 projects, 224 units.
  • HUD project-based assisted MF: 1 properties, 8 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 53718 41.1% of occupied households are renters; vacancy is 3.7%; ACS median gross rent is $1,606; population increased +38.0% between the 2018 and 2023 ACS vintages; the housing stock includes 520 units in 2–4-unit structures and 2,387 units in 5–49-unit structures; 3 LIHTC projects totaling 224 units; FY2027 2BR SAFMR is $1,850 versus ACS median gross rent of $1,606. 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 53718 is a Census / HUD profile for Madison, WI. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 53718 — 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 53718?

ZIP 53718 (Madison, WI HUD Metro FMR Area) has 18,642 residents, 8,096 households, a renter share of 41.1%, median household income of $94,899, and ACS 2023 median gross rent of $1,606. Vacancy is 3.7%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 53718?

ACS counts 86 units in 2-unit buildings, 434 in 3–4 unit buildings, 283 in 5–9, 313 in 10–19, and 1,791 in 20–49. Combined 2–49 unit stock is 2,907 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 53718?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,850. See the full schedule and 90–110% payment-standard band on the ZIP 53718 — Madison, WI HUD Section 8 Payment Standards / SAFMR.

Does this Wisconsin ZIP profile include Georgia listings?

No. ZIP 53718 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.