Location: Door County, WI | Metro: Door County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
The ZIP code 54210 is situated in a tranquil, predominantly owner-occupied neighborhood. With a total population of 942 residents, only 10.1% of whom are renters, it's clear that this area leans heavily towards homeownership. The median household income here stands at $77,159, indicating a relatively affluent community where residents have the financial means to purchase homes. Indeed, the median home value in the area is $506,546, further supporting the notion of an upscale residential environment.
From an investment perspective, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,030, which is slightly below the market rent of $1,035 as reported by the Census ACS. This suggests that while there is a small gap between the FMR and the actual market rent, it is minimal and likely to remain stable. For landlords and small-portfolio investors looking to capitalize on Section 8 housing opportunities, this ZIP code presents a mixed picture. On one hand, the low percentage of renters implies a limited pool of potential tenants who might be interested in Section 8 properties. On the other hand, the stable rent environment and the presence of a modest number of renters could provide a steady stream of income for those willing to operate hands-off.
Given these factors, ZIP 54210 is better suited for hands-off voucher operators rather than hands-on value-add buyers. The relatively high median income and home values suggest that the demand for luxury or high-end rental properties is limited, making aggressive renovations less likely to yield significant returns. Instead, maintaining properties at a standard that meets the requirements of Section 8 without extensive upgrades would be a more practical approach in this area.
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.