Location: Door 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 | $940 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,630 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,630 | $386,531 | 0.42% | F |
| 4BR | $1,700 | $442,415 | 0.38% | F |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 54217 is poised for stability and slight growth over the next 12 to 24 months, given the current median home value of $383,199. With only 0.1% of listings experiencing reductions, this indicates a strong seller's market where pricing power remains firmly in the hands of property owners. The median days on market (DOM) being not available suggests a brisk pace of sales, often a sign that homes are selling close to their asking price or even above it.
The rental market dynamics also support this trend. The Fair Market Rent (FMR) for ZIP 54217 in fiscal year 2024 is set at $1020, while the current market rent stands at $970 according to Census ACS data. This gap between FMR and actual market rents signals potential upward pressure on rental prices, which can benefit landlords and small-portfolio investors looking to maximize income from their properties.
For long-term investors, the setup implies a realistic appreciation thesis based on the fundamentals of supply and demand. As long as the local economy supports job growth and attracts new residents, the demand for housing will remain robust. Additionally, if mortgage rates stabilize or decline, affordability could improve, further boosting demand and potentially driving up home values. However, appreciation should be expected to occur at a moderate pace, consistent with historical trends and current economic indicators, rather than through speculative bubbles or sudden spikes.
Investors should focus on maintaining property quality and ensuring competitive rental pricing to leverage the current market conditions effectively. The slight increase in FMR over the coming year suggests that now is an opportune time to consider adjusting rental rates accordingly, without alienating tenants.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.