Location: Menominee County, WI | Metro: Oconto County, WI HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,430 | $290,347 | 0.49% | F |
U.S. Census Bureau data (2024)
11.6% of the population in ZIP 54174 are renters, indicating a modest demand for rental properties. The $910 Fair Market Rent (FMR) set for zip 54174 for fiscal year 2024 is higher than the $840 average market rent reported by the Census Bureau's American Community Survey (ACS), suggesting a potential opportunity for landlords to capture above-market rents. However, the median home value of $248,845 is significantly higher than the median income of $69,878, which could imply a challenging environment for low-income renters.
The discrepancy between the FMR and the market rent figures suggests that landlords participating in the Section 8 program can expect to receive slightly higher payments compared to the typical market rates. This margin can be crucial for maintaining profitability and covering operational costs. Despite the lack of specific data on days on market (DOM) and the percentage of homes that have had their prices cut, the relatively stable difference between the FMR and market rent figures over time indicates a consistent demand for subsidized housing in the area.
Landlords in ZIP 54174 should also consider the overall economic landscape when making investment decisions. With the median income being lower than the median home value, there might be a significant portion of the population relying on rental assistance programs such as Section 8. Given the current data, landlords who can offer well-maintained, affordable units are likely to find a steady stream of tenants willing to pay the $910 FMR.
A final consideration for small-portfolio investors is the administrative burden and the reliability of tenant payments under the Section 8 program. While the financial figures suggest a positive outlook, it's important to weigh these against the potential challenges of managing subsidized housing.
Verdict: ZIP 54174 presents a favorable environment for Section 8 landlords, with the FMR exceeding market rents by $70 per unit, ensuring profitability despite the economic disparity.
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.