Section 8 Fair Market Rent (FMR) for ZIP 54150 - 2027

Location: Shawano County, WI | Metro: Menominee County, WI

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$730
1 Bedroom$920
2 Bedrooms$1,010
3 Bedrooms$1,370
4 Bedrooms$1,370
5 Bedrooms$1,589
6 Bedrooms$1,780
7 Bedrooms$1,922
8 Bedrooms$2,018

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
1,024
Median Household Income
$54,464
Housing Units
307
Renter Percentage
24.4%
Occupancy Rate
89.6%
Renter Occupied
67

The ZIP code 54150 stands out due to its unique demographic and economic characteristics. With a population of just 1,024 residents, it has a relatively low rental rate at 24.4%, indicating that the majority of the inhabitants own their homes. However, the median income of $54,464 suggests a middle-class community where some residents might still find it challenging to afford housing without assistance.

Regarding the voucher economics, the Federal Market Rent (FMR) for the fiscal year 2026 is set at $1,020 for the metro area, while the current market rent, according to Census ACS data, is significantly lower at $542. This substantial gap between the FMR and the actual market rent means that landlords accepting Section 8 vouchers can potentially charge more than the typical market rate, providing an opportunity for higher rental income despite the administrative complexities involved with the program.

The data signature for ZIP 54150 reads as stable. The low number of renters indicates a community where homeownership is the norm, which generally correlates with a more stable environment. The median income figure also supports stability, as it shows a consistent level of financial security among the residents. Despite the lack of data on median home values, the other indicators suggest a steady state rather than a transitional phase. For landlords and small-portfolio investors, this ZIP code offers a reliable setting where the benefits of Section 8 vouchers, such as guaranteed rent payments through the government, outweigh the risks associated with tenant turnover and maintenance issues.

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.