Location: Door County, WI | Metro: Door County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
The ZIP code 54246 has a population of 803 individuals, with only 11.1% being renters. This indicates that the area is predominantly homeowner-dominated rather than a renter-heavy zone. The median household income stands at $70,000, which is significantly higher than the market rent of $638 per month. To put this into perspective, the typical rent consumes approximately 9.7% of the local median income, calculated by dividing the monthly rent by the annual income ($638 / $70,000 * 12 months).
Comparing the market rent to the Fair Market Rent (FMR) of $1,030, as set for fiscal year 2026 in the metropolitan area, it's evident that the actual rent in ZIP 54246 is considerably lower. This suggests that landlords in this area could potentially attract tenants who receive housing vouchers, given that the market rent is well below the FMR threshold.
A landlord in ZIP 54246 should expect a tenant profile that includes individuals and families whose incomes are around or below 50% of the area median income. These tenants often rely on Section 8 housing vouchers to afford their living expenses. While the overall rental market is not heavily populated, those who do rent are likely to be financially constrained, making them ideal candidates for properties priced within the current market rent range. Landlords should prepare for tenants who require assistance with rent payments and are willing to adhere to the regulations and requirements associated with the Section 8 program.
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.