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 | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
The ZIP code 53061 stands out within its county due to several key factors. With a population of 5,144 residents, it has a rental rate of 23.1%, which is slightly above the national average. The median income in this area is $65,898, indicating a middle-class community. The median home value of $255,478 suggests a stable housing market where property values have remained consistent.
Moving into the specifics of Section 8 economics, the Fair Market Rent (FMR) for ZIP 53061 in fiscal year 2024 is set at $910. This is notably higher than the market rent of $785, as reported by the Census Bureau's American Community Survey. This difference means that landlords participating in the Section 8 program can expect to receive a higher rental rate compared to the local market average, making it a potentially attractive option for those looking to ensure steady income.
The data signature for ZIP 53061 reads as stable. The modest rental rate and median income indicate a balanced community, while the higher FMR compared to market rates presents an opportunity for landlords to secure reliable tenants through the Section 8 program without sacrificing rent revenue. For small-portfolio investors, this ZIP code offers a predictable environment with potential for positive cash flow, especially when considering the demand for affordable housing in the area.
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.