Location: Green Bay, WI | Metro: Appleton, WI MSA
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 | $900 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,230 | $244,551 | 0.5% | F |
| 3BR | $1,700 | $347,555 | 0.49% | F |
| 4BR | $1,910 | $393,258 | 0.49% | F |
U.S. Census Bureau data (2024)
ZIP code 54130, located in Kaukauna, WI, is positioned within the Green Bay, WI HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 54130 in fiscal year 2024 is set at $1,000, while the actual market rent stands at $1,144. This indicates that the market rent slightly exceeds the FMR, which is common in many areas but suggests a tight alignment between government standards and market realities.
The median home value in ZIP 54130 is $335,240, which is lower than the typical median home value seen across other ZIP codes in the Green Bay, WI HUD Metro FMR Area. The average median home value for the metro area is generally higher, indicating that 54130 offers relatively affordable housing options compared to the broader region.
The renter share in ZIP 54130 is 23.0%, which is notable when considering it alongside the lower-than-average home values. A higher proportion of renters combined with below-average home values can be indicative of a value pocket for Section 8 landlords and small-portfolio investors. It suggests that there is a significant demand for rental properties, particularly those that fall within the affordability range offered by the Section 8 program.
To determine if ZIP 54130 represents a value pocket, mid-tier neighborhood, or a premium sub-market within the Green Bay, WI HUD Metro FMR Area, we can look at the specific figures provided. The FMR of $1,000 aligns closely with the market rent of $1,144, suggesting that the area is neither significantly underpriced nor overpriced relative to the HUD guidelines. However, the lower home value of $335,240 coupled with a higher renter share points towards a value pocket. Landlords can benefit from a higher occupancy rate due to the greater number of renters and the availability of homes that are priced within the reach of Section 8 participants.
In summary, ZIP 54130 appears to be a value pocket within the larger Green Bay, WI HUD Metro FMR Area, offering a blend of lower home values and a higher renter share that makes it attractive for landlords participating in the Section 8 program. The close match between FMR and market rent also provides a stable environment for both tenants and landlords.
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.