Section 8 Fair Market Rent (FMR) for ZIP 54113 - 2027

Location: Appleton, WI | Metro: Appleton, WI MSA

Investment Score for ZIP 54113

N/A

Monthly Rent (2BR)

$1,350

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$990
1 Bedroom	$1,060
2 Bedrooms	$1,350
3 Bedrooms	$1,870
4 Bedrooms	$2,100
5 Bedrooms	$2,436
6 Bedrooms	$2,728
7 Bedrooms	$2,946
8 Bedrooms	$3,093

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,870	$334,099	0.56%	F
4BR	$2,100	$437,929	0.48%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,622

Median Household Income

$93,490

Housing Units

1,375

Renter Percentage

13.0%

Occupancy Rate

98.8%

Renter Occupied

176

The ZIP code 54113 is located in a suburban area of Wisconsin, characterized by a stable community with a mix of homeowners and renters. The local economy is robust, supported by a median household income that is above the national average. This setting provides a solid foundation for rental investments, particularly under the Section 8 program.

The Fair Market Rent (FMR) for ZIP 54113 in fiscal year 2024 is set at $1020, which represents the maximum amount a Section 8 tenant can be expected to pay for housing assistance.
The median home value in the area stands at $347,297, indicating a relatively affluent neighborhood where property values are likely to remain steady.
Renters make up 13.0% of the population, suggesting a significant portion of residents who might qualify for and utilize the Section 8 program.
The median income in ZIP 54113 is $93,490, providing context for the economic stability of the area and the potential financial health of tenants.
The lack of available day DOM (Days on Market) data implies that rental listings are either quickly filled or the data is not widely tracked, which could indicate strong demand for rentals.
Given the absence of specific market rent data, it's important to consider the FMR as a guideline for pricing rental units to attract Section 8 participants.

Investors looking to enter the Section 8 market in ZIP 54113 should focus on properties that align with the $1020 FMR threshold, leveraging the area's high median home value and robust median income to ensure a steady stream of qualified tenants. The limited availability of DOM data suggests a competitive rental market, making it crucial to position rental units effectively to attract eligible tenants. Overall, ZIP 54113 presents a promising opportunity for those willing to adhere to the guidelines and requirements of the Section 8 program.

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.