Location: Wausau, WI | Metro: Wausau, WI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $1050 for zip code 54401 in Wausau, WI, landlords should take note of the slight premium over the Zillow Observed Rental Index (ZORI) which stands at $1,038. This indicates a robust rental market where properties can command higher rents compared to the average. The median home value in the area is $251,318, reflecting a stable housing market that supports both homeownership and rental investments. With a 33.0% share of renters, there's a significant portion of the population looking for rental options, making it a viable market for small-portfolio investors. The median income of $71,586 suggests that tenants have the financial capability to afford the average rent in the area, ensuring a steady stream of potential high-quality tenants. Despite the strong rental demand, only 0.1% of listings have been reported to require price cuts, indicating that once a property is listed, it holds its value well. This low percentage also points to a competitive market where landlords who maintain their properties can expect consistent returns without the need for frequent adjustments. Given these figures, the verdict on Section 8 participation in Wausau is positive, offering a reliable source of tenants who can meet the rental standards set by the FMR.
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.