Location: Green Bay, 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 | $960 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,260 | $242,018 | 0.52% | F |
| 3BR | $1,660 | $291,702 | 0.57% | F |
| 4BR | $1,730 | $334,645 | 0.52% | F |
| 5BR | $2,007 | $370,116 | 0.54% | F |
U.S. Census Bureau data (2024)
The ZIP code 54301, located in Allouez, WI, within the Green Bay, WI HUD Metro FMR Area, serves as a cash-flow anchor within a Section 8 portfolio strategy. This designation is based on the significant spread between the Fair Market Rent (FMR) set at $1050 for the fiscal year 2024 and the current market rent of $1,023. Landlords and small-portfolio investors can leverage this discrepancy to ensure steady cash flow from tenants participating in the Section 8 program.
A key factor supporting the cash-flow anchor classification is the median home value in ZIP 54301, which stands at $294,927. This figure indicates a relatively stable housing market where property values are unlikely to experience drastic fluctuations. In such a scenario, maintaining rental properties that benefit from higher FMRs can provide a reliable income stream that outpaces the local market rents.
The 0.1% price-cut share and N/A-day Days on Market (DOM) suggest minimal competition among rental properties in terms of pricing and listing duration. This further solidifies the cash-flow anchor role since landlords can expect little pressure to reduce rents or expedite lease signings.
Additionally, the 31.5% renter share highlights a moderate demand for rentals, which is balanced enough to avoid oversaturation but high enough to ensure a consistent tenant pool. The median income of $78,684 in the area also supports the viability of Section 8 tenancy, indicating that there is a sufficient number of individuals who qualify for the assistance program without being overwhelmed by an abundance of potential low-income renters.
In conclusion, ZIP 54301 is best positioned as a cash-flow anchor within a Section 8 portfolio due to the favorable spread between FMR and market rent, coupled with a stable housing market and moderate tenant demand. These conditions collectively offer a secure and predictable income source for landlords and investors.
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.