Location: Oconto County, WI | Metro: Green Bay, WI HUD Metro FMR Area
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 | $890 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,570 | $415,394 | 0.38% | F |
U.S. Census Bureau data (2024)
7.5% of residents in ZIP code 54141 are renters, indicating a modest demand for rental properties. However, the $946 market rent, as reported by the Census ACS, suggests that there is still significant interest in affordable housing options. For context, the Fair Market Rent (FMR) for the area, set at $1120 for zip FY 2024, provides a benchmark for what is considered reasonable rent. This difference between the FMR and the actual market rent indicates that landlords can potentially increase their rental rates slightly while remaining competitive.
$393,457 is the median home value in this region, which is relatively high compared to the national average. This figure reflects the overall property values in the area and can influence the cost of acquiring new investment properties. Additionally, the median income of $101,553 offers insight into the financial capacity of potential tenants, suggesting that they could afford higher rents if necessary.
The lack of data on days on market (DOM) and the percentage of price-cut shares implies stability in the local real estate market. Without significant fluctuations in these metrics, it appears that the market is steady, and there is little need for aggressive pricing strategies to attract tenants or buyers.
In summary, while the renter share is only 7.5%, the market conditions in ZIP 54114 suggest that there is room for landlords to operate profitably. The median home value and median income indicate a healthy economic environment, supporting the possibility of achieving rents close to the FMR without sacrificing occupancy. The absence of high DOM and price-cut percentages further reinforces the stability of the rental market. Given these factors, landlords should consider participating in the Section 8 program to ensure consistent and stable cash flow, as the $1120 FMR provides a solid basis for rental agreements.
Verdict: Participate in Section 8 given the strong economic indicators and stable market conditions.
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.