Location: Marinette 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 | $710 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $218,738 | 0.46% | F |
| 3BR | $1,220 | $299,890 | 0.41% | F |
U.S. Census Bureau data (2024)
The median income in ZIP code 54114, which encompasses Crivitz, WI, stands at $59,217. At first glance, the market rent of $733 might seem manageable for a household earning this amount. However, the reality is more nuanced when considering the broader financial landscape.
A household with the median income would typically allocate a significant portion of their earnings to housing costs. According to standard guidelines, housing expenses should not exceed 30% of a household's income. In Crivitz, this means that a household should spend no more than approximately $1,476 per month on housing. The $733 market rent represents just under half of the recommended monthly housing budget, indicating that it could be affordable for some households, but certainly not without strain.
When comparing the market rent to the federal payment standard for Housing Choice Vouchers, the picture becomes even clearer. The Fair Market Rent (FMR) for ZIP 54114 in fiscal year 2024 is set at $910. This suggests that voucher holders might have difficulty finding units within the market rate that also meet the size and quality requirements of the voucher program. Landlords who accept vouchers must understand that they will receive a payment closer to the $910 mark, rather than the market rate of $733.
With only 13.8% of the population being renters and a total population of 5,926, the competition among landlords is relatively low. This implies that there are fewer rental properties available compared to other areas with higher percentages of renters. However, the affordability gap between median income and both market rent and voucher payment standards presents a challenge for attracting tenants.
The takeaway for landlords is clear: accepting vouchers can provide a steady stream of income, albeit slightly below the market rate. However, it may also help fill vacancies in an area where finding tenants willing and able to pay market rates can be difficult. Cash-paying tenants might offer higher immediate returns, but the risk of vacancy and the time required to find such tenants must be weighed against the stability offered by voucher programs.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.