Location: Polk County, WI | Metro: Barron County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,310 |
| 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)
The ZIP code 54004 stands out within its county due to a unique combination of demographic and economic factors. With a total population of 2,192 residents, it has a rental rate of 11.7%, which is lower than the national average. The median income in this area is $68,182, indicating a middle-class community. The median home value of $277,568 suggests that homeownership is relatively affordable compared to other parts of the country.
When it comes to Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 54004 is set at $1,000 for fiscal year 2026, while the current market rent, according to Census ACS data, is $858. This means that landlords participating in the Section 8 program can expect to receive a slightly higher rent payment than the typical market rate, providing a modest financial incentive.
The data signature for ZIP 54004 reads as stable. The low rental rate and the modest difference between FMR and market rent indicate a steady housing market where both homeowners and renters find the costs reasonable. The median income and home values suggest a balanced community where most residents can afford their living arrangements without significant strain. Landlords and small-portfolio investors should consider these factors when evaluating the potential benefits and risks of accepting Section 8 vouchers in this ZIP code.
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.