Section 8 Fair Market Rent (FMR) for ZIP 54170 - 2027

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

Investment Score for ZIP 54170

N/A

Monthly Rent (2BR)

$1,120

Median Price (2BR)

$N/A

1% Rule

Annual Yield

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	$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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,540	$310,518	0.5%	F
4BR	$1,600	$365,014	0.44%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,898

Median Household Income

$78,889

Housing Units

1,695

Renter Percentage

14.1%

Occupancy Rate

95.1%

Renter Occupied

228

The town of 54170, located in Connecticut, offers a stable environment for real estate investment, particularly for those interested in Section 8 housing opportunities. This suburban area benefits from a mix of residential properties and access to urban amenities, making it attractive for both tenants and landlords.

The Fair Market Rent (FMR) for ZIP 54170 in fiscal year 2024 is set at $910, providing a benchmark for rental pricing that aligns with the local cost of living.
The Census American Community Survey (ACS) reports the average market rent in ZIP 54170 to be $840, indicating a slight premium for Section 8 eligible units compared to the broader rental market.
The median home value in the area is $343,215, reflecting a moderate property investment landscape where homes are neither overly expensive nor undervalued.
Renters make up 14.1% of the population, suggesting a niche but steady demand for rental properties, including those under the Section 8 program.
The median income for residents in ZIP 54170 is $78,889, which is above the national average, indicating a relatively affluent community that supports a diverse range of housing needs.
While the exact number of days on the market (DOM) is not available, the combination of the above factors suggests a competitive yet manageable market for acquiring and managing rental properties.

For landlords and small-portfolio investors, ZIP 54170 presents a balanced opportunity. The gap between the FMR and market rent provides a modest profit margin when participating in the Section 8 program. The median home value indicates a reasonable entry point for property acquisition. The 14.1% renter share signals a consistent demand for rentals, while the median income level supports the financial stability of potential tenants. These elements collectively suggest that the area is conducive to maintaining a steady cash flow and long-term investment growth without the volatility seen in more competitive markets.

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.