Location: Marinette County, WI | Metro: Marinette County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
U.S. Census Bureau data (2024)
The investment landscape for Section 8 properties in ZIP code 54119 presents several challenges that landlords must navigate carefully. Firstly, tenant turnover is a significant concern, with market rents at $867 falling below the Fair Market Rent (FMR) of $1,100 for the metro area (as of FY 2026). This discrepancy suggests that tenants might be inclined to leave once their voucher expires, seeking higher-rent areas where their vouchers cover more of the cost.
Vacancy exposure is another critical risk factor. The lack of data on Days on Market (DOM) indicates an unreliable measure of how quickly properties are filled, which can lead to prolonged periods of vacancy and lost rental income. Additionally, the typical home value of $189,785 in the area contrasts sharply with the median income of $54,375, suggesting that many residents may struggle to afford maintenance and repairs without substantial assistance, thereby increasing the likelihood of deferred maintenance issues.
Despite these risks, there are mitigating factors that make ZIP 54119 a viable consideration for Section 8 investments. The renter share stands at 17.3%, which is notably high. High renter density often translates into robust demand for housing vouchers, ensuring a steady stream of potential tenants who can reliably pay their portion of the rent through the voucher program. This demand helps to stabilize occupancy rates and reduce the impact of vacancy exposure.
In conclusion, while ZIP 54119 poses several risks for Section 8 landlords, including tenant turnover, vacancy exposure, and deferred maintenance concerns, the high renter density offers a counterbalance. The overall risk for a first-time Section 8 landlord in this ZIP code is moderate.
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.