Location: Marquette County, WI | Metro: Fond du Lac, WI MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,370 | $343,531 | 0.4% | F |
U.S. Census Bureau data (2024)
A skeptical investor considering ZIP 53946 might raise several valid concerns regarding the feasibility of investing in properties within this area. Let's address these objections directly using available data.
Objection 1: Will Fair Market Rent (FMR) of $950 for ZIP 53946 (FY 2024) cover the mortgage on a home priced at $303,453?
The FMR of $950 can be compared against the typical mortgage payment for a home in this price range. Assuming a standard 30-year fixed-rate mortgage at an average interest rate of 5%, the monthly principal and interest payment would be approximately $1,643. This figure does not include property taxes, insurance, and maintenance costs, which would further increase the total monthly expense. Therefore, the FMR of $950 alone would not sufficiently cover the mortgage payments on a $303,453 home. However, it's important to note that rental income is just one component of a real estate investment strategy; appreciation and tax benefits also play significant roles.
Objection 2: Is there enough renter demand at 18.4%?
The 18.4% rental rate indicates that nearly one in five homes in ZIP 53946 are rented. While this percentage might seem low to some, it is essential to consider the local housing market dynamics. A lower rental rate could suggest strong owner-occupied housing, potentially leading to higher property values and stability. Additionally, the rental rate does not provide insight into the number of renters who are actively seeking housing, nor does it account for the possibility of multiple family members living in a single rented unit. To accurately assess demand, one must look beyond the rental rate and consider other factors such as population growth and employment trends.
Objection 3: Will vouchers keep pace with $723 market rents?
The Housing Choice Voucher program aims to help low-income families afford decent, safe, and sanitary housing. However, the voucher amount is subject to availability and budget constraints. The market rent of $723 suggests that the area has a relatively affordable rental market. If the voucher amounts are close to this figure, they could effectively support renters in finding suitable housing. Nonetheless, the data does not specify the exact voucher amounts for ZIP 53946. It's crucial to monitor the local housing authority's policies and funding levels to ensure that voucher recipients can indeed afford units at or near the $723 market rent. Without specific voucher data, it's challenging to definitively state whether vouchers will keep pace with market rents.
In conclusion, while the FMR of $950 would not alone cover the mortgage on a $303,453 home, and the rental rate of 18.4% may initially appear concerning, these factors should be evaluated alongside broader economic indicators and investment strategies. For those interested in the long-term potential of ZIP 53946, further research into local market conditions and trends is advised.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.