Location: Door County, WI | Metro: Door County, WI
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 | $800 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,350 | $623,027 | 0.22% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 54212 reveals a unique balance between yield and stability that may appeal to both landlords and small-portfolio investors. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 stands at $1,240, which is notably higher than the market rent of $908. This suggests a potential opportunity for higher rental yields when compared to the median home value of $543,665.
On the stability axis, the ZIP code shows a mixed profile. With only 9.7% of the population being renters, it indicates a relatively low demand for rentals. However, the average daily days on market (DOM) data is unavailable, which could be due to limited rental activity or a highly competitive market where properties are leased quickly. The median household income of $104,531 provides a stable financial backdrop for tenants, reducing the risk of default.
To classify ZIP 54212, it does not fit neatly into either a high-yield/low-stability 'flip-style' market or a steady-cashflow zone. Instead, it represents an intermediate scenario. The disparity between the FMR and market rent suggests opportunities for higher returns, particularly if landlords can leverage the Section 8 program effectively. However, the low percentage of renters implies a smaller pool of potential tenants, which might affect occupancy rates and the speed at which properties can be leased.
Despite these challenges, the strong median income figure supports the likelihood of stable cash flows once a property is rented. Landlords should focus on properties that can be rented close to the FMR to maximize yield while considering the lower demand for rentals. Small-portfolio investors might find it beneficial to diversify their investments across different areas to mitigate the risks associated with the limited rental market in ZIP 54212.
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.