Location: Oconto County, WI | Metro: Oconto County, WI HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 54138 is poised for stability, with signals pointing towards a balanced market over the next 12-24 months. The median home value stands at $283,813, which serves as a foundational metric for understanding the area's housing costs. Despite the median days on market (DOM) being listed as N/A, it's important to note that the percentage of listings reduced is also N/A, indicating a market where neither buyers nor sellers hold a significant advantage. This suggests that pricing power will remain relatively neutral, with neither dramatic increases nor decreases expected.
On the rental side, the Fair Market Rent (FMR) for ZIP 54138 is set at $1,000 for fiscal year 2024. Given that the current market rent is also listed as N/A, it's reasonable to infer that the rental market is closely aligned with the FMR, offering landlords a predictable income stream. However, this alignment also implies limited upward pressure on rents, suggesting that rental yields may not see substantial growth.
For long-hold investors, the setup in ZIP 54138 presents a realistic appreciation thesis based on steady growth rather than explosive gains. The lack of significant reductions in listings and the neutral DOM indicate a stable property value environment, which typically translates into modest annual appreciation rates. Historically, areas with such metrics tend to follow broader regional trends, appreciating at a rate that mirrors local economic conditions and inflation. Investors should expect an annual appreciation range consistent with the state average, which can be found through further research on recent housing market performance.
In summary, ZIP 54138 offers a market characterized by stability and predictability, both in terms of home values and rental incomes. The absence of significant downward pressure on prices and rents, coupled with the median home value, points towards a sustainable investment climate. Long-term investors should focus on diversifying their portfolios and leveraging the steady growth potential inherent in this ZIP code.
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.