Location: Manitowoc County, WI | Metro: Appleton, WI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
ZIP code 53014, located within Manitowoc County, WI, presents a distinct profile when compared against typical ZIP codes within the same county. The Fair Market Rent (FMR) for ZIP 53014 stands at $910 for fiscal year 2024, which is notably lower than the market rent of $973. This indicates that while government subsidies aim to cover a significant portion of rental costs, there is still a gap between what is considered fair market and what tenants might actually pay out-of-pocket.
The median home value in ZIP 53014 is listed at $312,554, which suggests it is neither a low-value area nor particularly expensive compared to other ZIP codes in the county. This places 53014 in a mid-tier category in terms of housing value, making it accessible for both small-portfolio investors and individual landlords looking for a balance between investment cost and potential returns.
A key indicator for Section 8 real estate analysis is the percentage of renters. ZIP 53014 has a renter share of 22.0%, which is relatively high and could signify a strong demand for rental properties. Coupled with the below-market FMR, this suggests that ZIP 53014 could be a sweet spot for landlords who are willing to participate in the Section 8 program, as it offers a good mix of subsidized rents and a substantial number of potential tenants.
However, the median home value being slightly above average for the county implies that this ZIP code is not necessarily a value pocket where homes can be acquired at a discount. Instead, it represents a middle-ground scenario where the property values are reasonable, and the rental market dynamics favor those who can leverage the Section 8 program effectively.
To conclude, ZIP 53014 appears to be a mid-tier neighborhood within the Manitowoc County, WI metro, offering opportunities for landlords through its higher-than-average renter share and lower-than-market FMR. These factors create an environment conducive to rental investments, especially for those familiar with the intricacies of the Section 8 program.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.