Location: Green Bay, WI | Metro: Appleton, WI MSA
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 | $1,250 |
| 1 Bedroom | $1,320 |
| 2 Bedrooms | $1,650 |
| 3 Bedrooms | $2,190 |
| 4 Bedrooms | $2,300 |
| 5 Bedrooms | $2,668 |
| 6 Bedrooms | $2,988 |
| 7 Bedrooms | $3,227 |
| 8 Bedrooms | $3,388 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,190 | $392,019 | 0.56% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 54180 in fiscal year 2024 is set at $1300. This figure represents the payment standard for Section 8 housing vouchers, which is the maximum amount that the government will pay to cover a tenant's rent. It does not represent the actual rent you can charge, but rather the ceiling on what the voucher program will contribute.
To put this into context, the average rent for properties in ZIP 54180 is currently $1,273 according to recent Census Bureau data. This means that the FMR is slightly above the average market rate, offering a reasonable incentive for landlords to participate in the Section 8 program.
The renter share in this area stands at 20.0%, indicating that one-fifth of the residents are renters. This suggests a moderate level of demand for rental properties, particularly those that cater to low-income families who rely on housing vouchers.
If you're considering acquiring your first Section 8 rental property in this ZIP code, be aware that the median home value is approximately $379,850. This figure reflects the typical price range for purchasing a property here, though rental units might be priced differently depending on their condition and location.
Before proceeding with a Section 8 rental, it is crucial to verify that the property meets all the necessary requirements for the program. This includes ensuring that the unit passes a Housing Quality Standards (HQS) inspection, which checks for safety, habitability, and overall condition. The inspection is mandatory and must be passed to receive Section 8 payments.
In summary, the FMR of $1300 provides a benchmark for the government's contribution towards rent in ZIP 54180. With an average market rent of $1,273 and a 20.0% renter share, there is a reasonable demand for rental properties. However, ensure your property complies with HQS standards before finalizing any Section 8 agreement.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.