Location: Door County, WI | Metro: Door County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $1,740 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
U.S. Census Bureau data (2024)
The ZIP code 54202 within the Door County, WI metro area presents a unique snapshot when compared to typical ZIP codes in the region. The Fair Market Rent (FMR) for 54202 is set at $1,330 for fiscal year 2026, slightly above the current market rent of $1,293. This suggests that rental properties in 54202 are expected to see a modest increase in demand or pricing power over the next few years.
In terms of home values, 54202 stands at $479,291, which is likely below the average for the broader Door County, WI metro area. This discrepancy between relatively higher rents and lower home values can be indicative of an area where rental properties might be more attractive to landlords and small-portfolio investors, especially those interested in Section 8 housing opportunities.
The renter share in 54202 is 18.8%, which is a significant portion of the housing market. However, without comparative data on the renter share across other Door County, WI ZIP codes, it's challenging to definitively categorize 54202 as either a value pocket, mid-tier neighborhood, or premium sub-market. Nonetheless, the combination of a notable renter share and lower home values could suggest that 54202 is positioned as a value pocket within the metro area, particularly appealing for investors looking to engage in the Section 8 program.
To provide a clearer assessment, it would be necessary to conduct a comparative analysis of other ZIP codes within Door County, WI. This would help identify if 54202's characteristics are indeed distinct enough to qualify it as a value pocket, given the specifics of its FMR, market rent, and home values.
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.