Location: Manitowoc County, WI | Metro: Manitowoc 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 | $920 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,440 | $309,124 | 0.47% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 54245 reveals a market that leans towards providing steady cash flow rather than high-yield, low-stability opportunities. This classification is driven by the specific figures related to yield and stability.
Firstly, examining the yield, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is projected at $1,110, while the market rent stands at $993. The median home value in this ZIP code is significantly higher at $315,549. These numbers suggest that rental properties in ZIP 54245 can achieve a reasonable rent-to-value ratio, which is beneficial for generating consistent cash flow over time. However, the gap between the FMR and the actual market rent indicates that the potential for very high yields is limited, as rents do not exceed the fair market rate significantly.
Moving onto stability, the data points to a moderate level of stability. With 13.6% of residents being renters, the demand for rental housing is present but not overwhelming, which could be an indicator of a stable occupancy rate. Additionally, the median household income of $85,302 provides insight into the financial capability of the local population to sustain rental payments. While the 'N/A' for days on market (DOM) suggests incomplete data, the income figure supports the likelihood of tenants being able to afford their rent without significant default risks.
In conclusion, ZIP 54245 does not fit the profile of a high-yield, low-stability flip-style market. Instead, it represents a zone where landlords and small-portfolio investors can expect steady cash flow due to the reasonable rent-to-value ratio and moderate tenant stability. The market rent of $993, compared to the metro FMR of $1,110, along with the median home value of $315,549 and median income of $85,302, all contribute to this assessment.
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.