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 | $1,060 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,830 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,390 | $344,481 | 0.4% | F |
| 3BR | $1,830 | $375,378 | 0.49% | F |
| 4BR | $1,910 | $442,087 | 0.43% | F |
| 5BR | $2,216 | $527,423 | 0.42% | F |
U.S. Census Bureau data (2024)
The ZIP code 54311 in Green Bay, WI, stands out within Brown County due to its significant rental population and moderate median income levels. With a total of 37,879 residents, 32.4% of whom rent their homes, this area reflects a notable demand for affordable housing options. The median income in ZIP 54311 is $84,914, which is relatively high compared to the national average, indicating a generally prosperous community. However, the median home value of $386,518 suggests that homeownership can be quite expensive, thereby supporting the need for rental properties.
For landlords and small-portfolio investors, understanding the economics of Section 8 vouchers is crucial. In ZIP 54311, the Fair Market Rent (FMR) for Section 8 vouchers in fiscal year 2024 is set at $1,100. This figure is slightly below the $1,115 market rent estimated by the Census Bureau's American Community Survey (ACS), indicating a minor but present gap between subsidized rents and market rates. This slight disparity means that landlords participating in the Section 8 program will receive rents very close to market levels, minimizing financial risk and ensuring steady income.
The data signature for ZIP 54311 reads as stable. The relatively high median income supports a robust local economy, while the significant rental population ensures a consistent demand for housing. Additionally, the proximity of the FMR to the market rent suggests that the Section 8 program is well-calibrated to the local housing market, providing a reliable source of income for landlords without significantly disrupting the rental market dynamics. This stability makes ZIP 54311 an attractive investment opportunity for those interested in Section 8 properties, offering both security and potential for steady returns.
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.