Location: Marinette County, WI | Metro: Oconto County, WI HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 54112 reveals a market that falls somewhere between a high-yield, low-stability "flip-style" market and a steady-cashflow zone. This classification is driven by several key figures.
Firstly, the Fair Market Rent (FMR) for ZIP 54112 in fiscal year 2024 is set at $910. This FMR is notably higher than the average market rent of $723, indicating a potential for higher yields when properties are rented out through the Section 8 program. The disparity between these two figures suggests an opportunity for landlords to achieve better rental income relative to the general market conditions.
Secondly, the median home value in ZIP 54112 is $252,157. This figure, combined with the FMR, implies that the rental income generated from Section 8 participants can cover a significant portion of the mortgage payment on a property of this value. However, the higher FMR also means that the overall cash flow might be less consistent compared to renting at market rates, due to the administrative and regulatory requirements associated with the Section 8 program.
In terms of stability, ZIP 54112 has a substantial 25.9% of residents who are renters. This percentage suggests a reasonable demand for rental housing, which is a positive sign for maintaining occupancy levels. However, the lack of data on days on market (DOM) indicates uncertainty regarding how quickly properties can be rented out, which could affect the stability of cash flows. Additionally, the average household income in this area is $71,141, which is a critical factor for assessing the financial health of potential tenants and their ability to pay rent consistently.
Given these factors, ZIP 54112 offers a balance between yield and stability. While it provides a higher rental income through the Section 8 program, the administrative overhead and potential variability in tenant turnover suggest that it leans slightly towards a steadier cash flow model rather than a high-risk, high-reward "flip-style" market. Landlords should weigh the benefits of higher rents against the need for stable and continuous income.
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.