Section 8 Fair Market Rent (FMR) for ZIP 54143 - 2027

Location: Marinette County, WI | Metro: Marinette County, WI

Investment Score for ZIP 54143

D
Monthly Rent (2BR)
$1,040
Median Price (2BR)
$164,982
1% Rule
0.63%
Annual Yield
7.56%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$720
1 Bedroom$810
2 Bedrooms$1,040
3 Bedrooms$1,240
4 Bedrooms$1,560
5 Bedrooms$1,810
6 Bedrooms$2,027
7 Bedrooms$2,189
8 Bedrooms$2,298

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,040 $164,982 0.63% D
3BR $1,240 $216,794 0.57% F
4BR $1,560 $245,378 0.64% D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
15,119
Median Household Income
$64,491
Housing Units
7,562
Renter Percentage
22.0%
Occupancy Rate
91.6%
Renter Occupied
1,523

Investing in Section 8 properties in ZIP code 54143 in Marinette, WI, comes with several inherent risks that must be carefully considered. Tenant turnover is a significant concern, with market rents at $1,195 compared to the Federal Market Rent (FMR) of $990 for fiscal year 2026. This difference can lead to higher turnover rates as tenants seek to match their income with affordable housing options.

Vacancy exposure is another critical risk factor. The average days on market (DOM) for properties in this area is not available, which makes it difficult to predict how long a unit might remain vacant. A prolonged vacancy period can significantly impact cash flow and profitability.

Deferred maintenance is also a notable risk. With a typical home value of $195,327 and a median income of $64,491, residents may struggle to afford necessary repairs and upgrades. This can result in higher maintenance costs for landlords and the need for regular investments to keep properties up to standard.

However, these risks are offset by a high renter share of 22.0%. High renter density typically translates into robust demand for rental housing, including Section 8 vouchers. This strong demand can help mitigate the risk of vacancies and ensure steady occupancy rates.

Verdict: Moderate risk for a first-time Section 8 landlord.

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.