Location: Polk County, WI | Metro: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,120 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,540 |
| 3 Bedrooms | $2,040 |
| 4 Bedrooms | $2,280 |
| 5 Bedrooms | $2,645 |
| 6 Bedrooms | $2,962 |
| 7 Bedrooms | $3,199 |
| 8 Bedrooms | $3,359 |
U.S. Census Bureau data (2024)
The market in ZIP code 54026 presents a dynamic environment for landlords and small-portfolio investors. With a Fair Market Rent (FMR) set at $1270 for the fiscal year 2024, and an actual market rent reported at $1,308 according to the Census ACS, it's evident that the rental market is closely aligned with the government's benchmark for affordability.
The median home value of $382,660 suggests a stable property value base, which is reassuring for those looking to invest in residential real estate. However, the lack of data on price-cut share and days on market (DOM) makes it challenging to gauge the exact balance between supply and demand. Nonetheless, the fact that the market rent slightly exceeds the FMR indicates a scenario where demand might be keeping pace with or even marginally outpacing supply, as landlords can charge a premium over the fair market rate without significant vacancy pressures.
A key indicator of long-term housing pressure is the 7.9% renter share. This relatively low percentage implies that the majority of households in 54026 own their homes, suggesting a community with established residents. A lower renter share often correlates with less immediate housing pressure, as fewer people are competing for rental properties. However, it also means that there could be limited opportunities for growth in the rental market segment.
In summary, ZIP 54026 offers a balanced market condition with modest potential for rental income growth, given the slight premium landlords can command over the FMR. The high median home value points towards a healthy real estate market, while the low renter share indicates a predominantly owner-occupied community with fewer short-term fluctuations but potentially slower rental market expansion.
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.