Location: Door County, WI | Metro: Door County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
ZIP code 54204, located within the Door County, WI metro, presents an interesting profile when compared to typical ZIP codes in the region. The Fair Market Rent (FMR) for ZIP 54204 is set at $1,120 for fiscal year 2026, which is higher than the market rent of $950. This suggests that while government-assisted housing might be slightly more expensive, the actual rental market is somewhat more affordable.
The median home value in ZIP 54204 is $372,084, a figure that aligns closely with the broader Door County, WI metro average. This indicates that property owners in 54204 can expect to see home values that reflect the general trends within the larger area.
The renter share in ZIP 54204 stands at 10.0%, which is notably lower than many areas where Section 8 housing is prevalent. Typically, a higher renter share would indicate a greater presence of Section 8 properties. However, in this case, the lower renter share combined with the below-FMR market rent could suggest that the ZIP code is not heavily reliant on Section 8 housing.
Based on these figures, ZIP 54204 appears to be a mid-tier neighborhood within its metro. It neither offers the most premium market rents nor exhibits characteristics of a value pocket with significantly lower home values and higher renter shares. Instead, it maintains a balance between home values and rental prices that is reflective of the overall Door County, WI market.
Landlords and small-portfolio investors should consider these metrics carefully. While the FMR provides a benchmark for rental assistance, the actual market rent being lower could be advantageous for attracting non-subsidized tenants. Additionally, the median home value is consistent with the metro, which means investment opportunities here will likely mirror those in other parts of Door County, WI.
In summary, ZIP 54204 does not stand out as a particularly lucrative area for Section 8 housing due to its relatively low renter share and market rent below the FMR. However, it remains a stable option within the Door County, WI metro, suitable for investors looking for a moderate level of risk and reward.
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.