Location: Juneau County, WI | Metro: Juneau County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 53962, located in Juneau County, WI, reveals several key points that landlords and small-portfolio investors should consider.
Firstly, regarding the rent math, it does not work favorably for landlords. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,050, which is significantly higher than the actual market rent of $725 based on Census ACS data. This discrepancy suggests that landlords may struggle to find tenants willing to pay the higher FMR rate, potentially leading to financial losses if they rely solely on this figure for setting rental prices.
Secondly, the acquisition affordability in ZIP 53962 is unclear due to the lack of specific data. The median home value, days on market (DOM), and the percentage of homes that had their prices cut are all listed as N/A, indicating insufficient information to make an informed decision about property purchase costs and market conditions.
Lastly, there is a notable tenant demand in the area. With a population of 27 and a renter share of 50%, half of the residents are actively seeking rental housing. However, given the small population size, the overall demand remains limited, and landlords must carefully assess the local rental market dynamics to ensure stable occupancy rates.
In summary, while there is a clear tenant demand, the rent math does not support the FMR, and without detailed acquisition cost data, making a definitive investment decision is challenging. Landlords should proceed with caution, focusing on understanding the local rental market and possibly adjusting expectations for rental income downward to align with the $725 market rent figure.
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.