Location: Langlade County, WI | Metro: Langlade County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
ZIP code 54424, located within Langlade County, WI, presents a unique profile when compared to typical ZIP codes in the county. The Fair Market Rent (FMR) for the area is set at $1,000 for the fiscal year 2026, which is a key figure for landlords and small-portfolio investors considering the Section 8 program.
The median home value in ZIP 54424 is $291,611. This figure suggests that the area is neither a value pocket nor a premium sub-market but rather a mid-tier neighborhood within the metro. The lack of market rent data makes it challenging to directly compare rental rates with home values, but the FMR can serve as a benchmark for rental pricing expectations.
The renter share in ZIP 54424 is 4.7%, indicating a relatively low percentage of renters compared to homeowners. This low renter share does not necessarily align with a high concentration of Section 8 households, which typically seek rental properties. However, the combination of the FMR and the median home value provides insight into the potential attractiveness of the area for Section 8 tenants.
Given the FMR of $1,000 and the median home value of $291,611, landlords should consider that the rental market might be less active than in areas with higher renter shares. Nonetheless, the FMR serves as a guideline for affordable housing, making it a reasonable target for rental properties within the ZIP code.
In summary, ZIP 54424 appears to be a mid-tier neighborhood within the Langlade County, WI metro. The specific figures indicate a balance between home ownership and rental property investment, with the FMR being a critical factor for those interested in the Section 8 program. Landlords should take note of the relatively low renter share and plan accordingly, focusing on the affordability aspect for potential Section 8 tenants.
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.