Location: Clark County, WI | Metro: Wausau, WI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 54405 in the Clark County, WI metro area reveals several key points that should guide investment decisions. The Fair Market Rent (FMR) set by HUD for this zip code in fiscal year 2024 is $1020. In comparison, the market rent based on Census ACS data stands at $894. This indicates that voucher tenants will generally cashflow at FMR levels, providing a positive financial outlook for landlords.
To further understand the rental market, consider the median home value in ZIP 54405, which is $193,318. Using this figure, we can calculate the rent-to-price ratio, which comes out to approximately 0.62%. This low ratio suggests that the rental market is relatively strong compared to the housing market, making it an attractive option for investors looking to capitalize on steady rental income.
While the average days on market (DOM) and the percentage of homes that required price cuts are not available, these metrics would typically influence the rent-versus-buy dynamics. However, given the current data, the strong cashflow potential for voucher tenants outweighs the need for such specific metrics.
In conclusion, the strongest investor angle in ZIP 54405 is cashflow. With voucher tenants paying above market rent and a favorable rent-to-price ratio, investors can expect stable and positive cashflow returns from their properties.
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.