Location: Oconto County, WI | Metro: Oconto County, WI HUD Metro FMR Area
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 | $920 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,640 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,640 | $449,004 | 0.37% | F |
U.S. Census Bureau data (2024)
The ZIP code 54101, located within the Oconto County, WI HUD Metro FMR Area, has several notable characteristics that set it apart from other ZIP codes in the region. Its Fair Market Rent (FMR) for fiscal year 2024 is $1100. This figure is higher than the market rent of $775, indicating that the rental prices are somewhat inflated compared to the actual market conditions. The median home value in ZIP 54101 is $398,357, which is likely above average for the county but requires comparison with broader county data to confirm.
The renter share in ZIP 54101 is 4.3%, suggesting a relatively low proportion of renters compared to homeowners. However, this percentage alone does not provide enough context to determine if 54101 is a value pocket, a mid-tier neighborhood, or a premium sub-market. To make an informed inference, we need to consider how these figures compare to typical ZIP codes within the Oconto County, WI HUD Metro FMR Area.
A divergence worth noting is the combination of a higher FMR and a below-average market rent. This could indicate that 54101 might be an area where Section 8 vouchers can be particularly advantageous, as the cost to landlords under the voucher program would still be lower than the FMR but potentially higher than the current market rent. This dynamic can create opportunities for landlords who are willing to accept Section 8 tenants, as they could charge closer to the FMR without exceeding it.
To conclude whether 54101 represents a value pocket, a mid-tier neighborhood, or a premium sub-market, a comparative analysis with other ZIP codes in Oconto County is essential. If the median home value is indeed above the county average, it suggests a premium sub-market. Conversely, if the home values are below average, despite the higher FMR, it could signal a value pocket for investors seeking properties at potentially undervalued prices. Given the available data, 54101 appears to offer a unique scenario where the higher FMR could be leveraged by landlords accepting Section 8 vouchers, while the relatively low renter share indicates a strong preference for homeownership among residents.
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.