Location: Manitowoc County, WI | Metro: Manitowoc County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The rent math in ZIP code 54215, located in Manitowoc County, WI metro, does not currently favor landlords. The Fair Market Rent (FMR) for the area set at $970 for fiscal year 2026 is higher than the actual market rent of $754, based on Census ACS data. This discrepancy suggests that landlords may struggle to charge the FMR without significant renovations or improvements to compete with the local rental market.
Regarding property acquisition, the data presents a challenge. With a median home value marked as N/A, it's difficult to gauge the typical investment cost. Additionally, the N/A-day Days on Market (DOM) and N/A% price-cut share indicate either a lack of recent sales activity or an unusually stable market where homes aren't being heavily discounted or sold quickly, which can complicate the process of finding affordable properties to acquire for rental purposes.
Tenant demand in ZIP 54215 is relatively low but steady. The area has a population of 186, with 32.4% of residents being renters. While the overall numbers are small, the percentage of renters indicates a consistent demand for rental properties, though the total number of potential tenants is limited.
Verdict: ZIP code 54215 offers a mixed picture for landlords and small-portfolio investors. The rent math does not currently align with the FMR, indicating a need for competitive pricing or improvements to attract higher-paying tenants. Acquisition is challenging due to the absence of key financial indicators, suggesting a potentially volatile or inactive market. Tenant demand exists but is constrained by the small population size. Investors should proceed cautiously, focusing on areas where they can leverage existing amenities or make strategic investments to improve property values and rents.
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.