Location: Fond du Lac, WI | Metro: Fond du Lac, WI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
U.S. Census Bureau data (2024)
The real estate market in ZIP 53931 presents a complex picture that requires careful consideration for both landlords and small-portfolio investors. The median home value is currently unavailable, which suggests either limited data or a volatile market where values are changing rapidly. Additionally, the percentage of listings that have been reduced and the median days on market (DOM) are also unspecified, indicating potential fluctuations in the housing market that could impact pricing power.
Despite the lack of specific data points for home values and listing reductions, the median DOM provides insight into how quickly homes are selling. A shorter DOM indicates a seller's market, where homes sell faster, potentially giving landlords and investors more leverage when setting prices. Conversely, a longer DOM signals a buyer's market, where homes take longer to sell, reducing pricing power.
On the rental side, the Fair Market Rent (FMR) for ZIP 53931 in fiscal year 2024 is set at $1050, while the current market rent based on Census ACS data is $988. This suggests that there is upward pressure on rents, as the FMR is higher than the current market rate. Landlords and investors should be prepared to adjust their rental prices accordingly to remain competitive and capitalize on this trend.
For long-term investors, the setup implies a potential for modest appreciation. The gap between the FMR and the current market rent suggests that rental income can increase without significant adjustments to property values. However, the absence of concrete data on median home values and listing reductions makes it challenging to predict a robust appreciation thesis. Investors should focus on maintaining properties and adjusting rents to align with FMR trends, which can provide steady returns over time.
In summary, the combination of unknown median home values and DOM, alongside the increasing FMR, signals a market where rental income can grow, but caution is advised regarding home value appreciation. Landlords and investors must stay informed about local market conditions and adjust their strategies accordingly to maximize their financial outcomes.
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.