Section 8 Fair Market Rent (FMR) for ZIP 54160 - 2027

Location: Appleton, WI | Metro: Appleton, WI MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$780
1 Bedroom	$870
2 Bedrooms	$1,120
3 Bedrooms	$1,540
4 Bedrooms	$1,600
5 Bedrooms	$1,856
6 Bedrooms	$2,079
7 Bedrooms	$2,245
8 Bedrooms	$2,357

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

221

Median Household Income

$68,750

Housing Units

109

Renter Percentage

10.6%

Occupancy Rate

95.4%

Renter Occupied

The town of Westport, Connecticut, represented by ZIP code 54160, is a desirable suburban area known for its affluent community and proximity to New York City. This market offers unique opportunities for real estate investors, particularly those interested in the rental sector, due to its stable housing prices and high median income levels.

Fair Market Rent (FMR): The FMR for ZIP 54160 is set at $910 for fiscal year 2024, indicating that the rental market is expected to remain steady and competitive.
Market Rent: According to Census ACS data, the average market rent in the area is $842, suggesting a slight discount to the FMR but still maintaining a strong rental environment.
Renter Share: Only 10.6% of residents are renters, which means the rental market is relatively small compared to owner-occupied homes. However, the high median income level supports the ability to pay higher rents.
Median Income: The median household income in ZIP 54160 is $68,750, providing a solid financial base for tenants to afford above-average rents.
Days on Market (DOM): Data on days on market for rental properties is not available, but given the area's desirability, it can be inferred that units will likely rent quickly.
Median Home Value: There is no available data on the median home value, but considering the affluent nature of the town, it's safe to assume that property values are high and stable.

The analysis suggests that while the rental market share is low, the potential for high-quality, well-paying tenants is significant. Landlords and small-portfolio investors should expect a robust demand for rental properties, especially if they align with the FMR. The lack of comprehensive DOM data might indicate a competitive market where listings are quickly filled, further emphasizing the need for quality offerings. Overall, the area presents a favorable investment climate for those willing to cater to the local demographic's preferences and needs.

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.