Location: Door County, WI | Metro: Green Bay, WI HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 54213 in fiscal year 2024 is set at $910. This figure represents the payment standard for Section 8 housing vouchers, meaning it's the maximum amount that the government will pay to landlords on behalf of eligible tenants. It's important to note that this is not the rent you'll charge; it's the upper limit for government subsidy.
In comparison, the average rent in ZIP 54213, according to the Census Bureau's American Community Survey, is around $700. This suggests that the FMR is higher than the typical market rate, potentially offering a better financial deal for landlords who participate in the Section 8 program.
The 9.5% share of renters in the area indicates a moderate demand for rental properties. This means that nearly one in ten residents are likely to be seeking rental accommodations, which can translate into a steady stream of potential tenants for your property. Given the FMR and the average rent, there's a good chance that these renters would find a Section 8 rental appealing.
If you're considering purchasing a property in this ZIP code to use for Section 8 rentals, the median home value is approximately $293,739. This figure gives you an idea of the acquisition cost for a typical home in the area, helping you calculate the potential return on investment.
Before making a final decision, verify that the property meets all the necessary criteria for Section 8 eligibility. This includes ensuring it complies with health and safety standards, as well as any specific requirements set by the local housing authority. Once confirmed, participating in the Section 8 program can provide a reliable source of income, backed by government payments up to $910 per month, even if the overall market rent is lower.
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.