Location: Menominee County, WI | Metro: Menominee County, WI
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 | $730 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $418,001 | 0.24% | F |
| 3BR | $1,370 | $511,288 | 0.27% | F |
| 4BR | $1,380 | $574,008 | 0.24% | F |
U.S. Census Bureau data (2024)
The ZIP code 54135, located in Keshena, WI, within the Menominee County, WI metro area, is best suited as a cash-flow anchor in a Section 8 portfolio strategy. This classification is based on the significant spread between the Fair Market Rent (FMR) and the actual market rents.
The FMR for the Menominee County, WI metro area in fiscal year 2026 is set at $970. However, the current market rent in ZIP 54135 is much lower at $652. This difference means that landlords can expect to receive higher rental payments through the Section 8 program than they would from market-rate tenants, thus providing a stable and predictable source of cash flow.
Moreover, the median home value in ZIP 54135 stands at $308,142. While this figure might seem high, it's important to note that the median income in the area is $65,652. This suggests that owning a property outright or having a low mortgage payment relative to the rental income received from the Section 8 program would be advantageous.
The 27.9% renter share indicates a decent demand for rental properties, but the lack of data on price-cut shares and days on market (DOM) suggests that appreciation plays are not a strong focus in this area. Therefore, focusing on the cash-flow benefits derived from the disparity between FMR and market rents makes ZIP 54135 an ideal anchor for a Section 8 portfolio.
In summary, ZIP 54135 should be considered a cash-flow anchor due to the substantial gap between the FMR and market rents, which ensures steady and reliable income for landlords participating in 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.