Location: Wood County, WI | Metro: Wausau, WI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The ZIP code 54412 stands out due to its unique demographic and economic characteristics. With a population of 2,122 residents, it has a relatively low rental rate of 12.2%, indicating that homeownership is prevalent in the area. The median income for households in this ZIP is $83,576, which is above the national average, suggesting a financially stable community. The median home value of $267,736 further underscores the wealth and stability of the local housing market.
Turning to the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 54412 is set at $910 for the fiscal year 2024. This figure is notably higher than the actual market rent, which averages around $680 according to the Census Bureau's American Community Survey. This discrepancy means that landlords can potentially receive higher rents through the Section 8 program compared to the typical market rates, making it an attractive option for property owners looking to maximize their rental income.
The data signature for ZIP 54412 reads as stable, with strong indicators pointing towards a prosperous and secure local economy. The high median income and median home value suggest a robust financial environment where most residents can afford their homes without relying heavily on rental assistance programs. This stability implies that the demand for Section 8 vouchers may be lower relative to other areas, but the higher FMR still provides a compelling incentive for landlords to participate in the 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.