Section 8 Fair Market Rent (FMR) for ZIP 54173 - 2027

Location: Green Bay, WI | Metro: Green Bay, WI HUD Metro FMR Area

Investment Score for ZIP 54173

Monthly Rent (2BR)

$1,700

Median Price (2BR)

$240,233

1% Rule

0.71%

Annual Yield

8.49%

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	$1,290
1 Bedroom	$1,360
2 Bedrooms	$1,700
3 Bedrooms	$2,240
4 Bedrooms	$2,330
5 Bedrooms	$2,703
6 Bedrooms	$3,027
7 Bedrooms	$3,269
8 Bedrooms	$3,432

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
2BR	$1,700	$240,233	0.71%	D
3BR	$2,240	$457,801	0.49%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,403

Median Household Income

$107,708

Housing Units

1,435

Renter Percentage

7.0%

Occupancy Rate

96.2%

Renter Occupied

Suamico, WI (ZIP 54173) is positioned within the Green Bay, WI HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 54173 in fiscal year 2024 is set at $1,450. This figure is higher than the market rent of $1,233, indicating that the FMR aims to cover a slightly more expensive rental market. The median home value in Suamico stands at $435,515, which is on par with the typical home values found in other ZIP codes within the Green Bay, WI HUD Metro FMR Area.

The renter share in Suamico is 7.0%, a relatively low percentage compared to what might be considered typical for many ZIP codes within the area. However, this does not necessarily indicate a value pocket or a premium sub-market. Instead, it suggests that Suamico is primarily a homeowner community with fewer rental units available.

To determine if 54173 represents a value pocket, mid-tier neighborhood, or a premium sub-market within the larger Green Bay metro, consider the following:

Fair Market Rent vs. Market Rent: The higher FMR relative to the actual market rent could make it an attractive location for landlords participating in Section 8 programs, as they can potentially receive higher rents through subsidies.
Home Values: With a median home value of $435,515, Suamico is neither significantly above nor below average when compared to other areas within the Green Bay metro, suggesting a mid-tier status in terms of property value.
Renter Share: A lower-than-average renter share means there are fewer potential tenants overall, but the combination of a higher FMR and below-average home values does not strongly suggest a Section 8 sweet spot. Instead, it implies that while subsidized housing may be viable, the market dynamics are not particularly favorable for a high concentration of such properties.

In summary, ZIP 54173 appears to be a mid-tier neighborhood within the Green Bay, WI HUD Metro FMR Area. It offers opportunities for Section 8 landlords due to the higher FMR, but the relatively low renter share indicates that it is not a prime location for a large number of rental properties. Landlords should carefully consider the balance between the potential benefits of Section 8 participation and the local demand for rentals before investing in this ZIP code.

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.