Location: Manitowoc County, WI | Metro: Green Bay, 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 | $840 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,450 | $369,881 | 0.39% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 54208 are straightforward. The SAFMR (Section 8 Area Fair Market Rent) for a two-bedroom apartment is set at $1000 per month for the fiscal year 2024. This figure is specifically tailored for this ZIP code, ensuring it reflects the local rental market conditions accurately.
Contrastingly, the local market rent for a two-bedroom unit averages at $894 according to recent Census ACS (American Community Survey) data. This difference between the SAFMR and the actual market rent is significant and impacts how landlords can expect to be reimbursed under the Section 8 program.
When a tenant uses a Section 8 voucher, they are responsible for paying a portion of their rent, typically around 30% of their income. The remainder, up to the SAFMR, is paid by the government. However, the total reimbursement includes not only the rent but also utility allowances. These allowances are designed to cover the cost of utilities and can vary based on the size of the unit and the number of occupants.
To illustrate, if a landlord charges $1000 for a two-bedroom apartment, the government will reimburse up to $1000 minus the tenant's contribution. If the tenant’s share is $300, then the government would pay $700. Additionally, the landlord might receive an extra amount for utilities, depending on the specific allowance rates in effect.
The SAFMR rate being higher than the average market rent suggests that landlords could potentially benefit from the program. With a market rent of $894, the reimbursement gap or surplus would favor landlords. They could receive a full reimbursement of the market rent plus any additional utility allowances, without having to charge the tenant more than their fair share of the rent.
In summary, landlords in ZIP 54208 participating in the Section 8 program can expect a reimbursement that covers the local market rent and possibly more, thanks to the utility allowances. This results in a surplus of approximately $106 per month ($1000 SAFMR - $894 market rent), making it a financially viable option for landlords looking to secure stable tenancy while maintaining profitability.
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.