Location: Marinette County, WI | Metro: Oconto County, WI HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The market in ZIP code 54139 presents a dynamic scenario that is indicative of shifting housing pressures. With a Fair Market Rent (FMR) set at $910 for the fiscal year 2024, it signals an area where rental prices are regulated to ensure affordability, yet this figure remains above the market rent observed, which stands at $735 according to the latest Census ACS data. This suggests that there might be a segment of the rental market catering to lower-income tenants, possibly through subsidized housing options.
The median home value in the area is $298,963. While this figure alone does not provide a complete picture of the market's health, it can be inferred that homeownership is relatively affordable compared to the national average, potentially attracting both first-time buyers and investors looking for stable returns. However, the lack of data on price-cut share and days on market (DOM) makes it challenging to definitively state whether supply outpaces demand or vice versa. Nonetheless, the lower-than-FMR market rent could suggest a slight oversupply in the rental market, or a strong preference among residents for owning rather than renting.
A key insight into the long-term housing dynamics comes from the 17.9% renter share. This percentage indicates that a significant portion of the population in ZIP 54139 opts for rental accommodation over homeownership. Such a trend often points to areas experiencing growth or change, where individuals may be uncertain about long-term stability or are testing the waters before committing to purchase. For landlords and small-portfolio investors, this suggests a consistent demand for rental properties, although the exact balance between supply and demand would require more granular analysis.
In summary, ZIP 54139 operates under a regulated rental framework that coexists with a market-driven homeownership environment. The current snapshot reveals a balanced but evolving market, with a notable emphasis on rental housing that reflects underlying pressures and preferences within the community. Landlords and investors should consider these factors when evaluating the potential for their investments in this area.
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.