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 |
The economics of Section 8 in ZIP code 54240, located in Manitowoc County, Wisconsin, revolve around the SAFMR (Small Area Fair Market Rent) which is specifically tailored for this ZIP code. For a two-bedroom apartment, the SAFMR for fiscal year 2026 is set at $970 per month. This figure represents the maximum amount that the Housing Choice Voucher Program will pay towards a tenant's rent.
To understand what a landlord can expect from a Section 8 voucher, it's crucial to break down the components of the payment. The tenant is responsible for paying 30% of their adjusted income towards rent. Beyond the tenant's contribution, there are also utility allowances. These allowances vary but typically cover a portion of the tenant's electricity, gas, water, and sewer costs.
A landlord's actual reimbursement from a voucher is calculated by subtracting the tenant's share and any applicable utility allowances from the SAFMR. For example, if a tenant's share is $291 (assuming an adjusted income of $970), and the utility allowance is $150, the total reimbursement would be $970 minus these amounts. Thus, the landlord might receive approximately $529 per month from the voucher program for a two-bedroom unit.
Note that the SAFMR is set for this specific ZIP code, meaning it reflects the local housing market conditions. However, the local market rent is currently listed as N/A, which indicates that there is no recent data available to compare against the SAFMR. Without this comparison, it's challenging to assess whether landlords in ZIP 54240 are receiving a surplus or facing a shortfall relative to market rates.
In conclusion, the reimbursement gap or surplus cannot be definitively stated due to the lack of local market rent data. Nonetheless, understanding the calculation process is key for landlords to manage their expectations and financial planning when participating in the Section 8 program.
Data Sources: FMR data from HUD (2027).
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.