Location: Wausau, WI | Metro: Wausau, WI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
To classify ZIP 54429 in Unknown, WI, we must rely on the available data, which primarily includes the Fair Market Rent (FMR) for the fiscal year 2024. The FMR for ZIP 54429 is set at $1020. This figure represents the maximum amount that a landlord can charge for a rental property under the Section 8 program, indicating the yield potential for properties in this area.
However, the classification on the yield and stability axes requires additional context. For yield, the comparison is usually made against the local market rent and home values. In this case, both the market rent and home values are not provided, making it challenging to determine the relative attractiveness of the yield compared to non-subsidized investments. Nonetheless, given the FMR of $1020, landlords can expect a guaranteed income stream at this rate, assuming their properties meet the necessary criteria for participation in the Section 8 program.
Regarding stability, key indicators such as the percentage of renters, average days on market (DOM), and median household income are typically used. Unfortunately, these specific metrics for ZIP 54429 are also not provided. Without this information, assessing the stability of the market is difficult. Typically, higher percentages of renters and lower DOM values suggest a more stable rental market, while median household income provides insight into the financial health of potential tenants.
Based on the limited data available, ZIP 54429 leans towards being a steady-cashflow zone due to the guaranteed income from the Section 8 program. However, the lack of market rent and home value data prevents a comprehensive yield analysis, and the absence of tenant demographic data makes it impossible to fully gauge the stability of the market. Landlords should consider the FMR of $1020 as a reliable income source but seek additional local market insights to make informed decisions about investment stability.
Data Sources: FMR data from HUD (2027).
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.