Location: Taylor County, WI | Metro: Eau Claire, WI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The ZIP code 54433 stands out in its county with a unique set of characteristics that make it an interesting market for real estate investors. With a population of 1,858 residents, only 13.9% of the housing units are rented, indicating a primarily owner-occupied community. The median income for residents in this area is $69,000, suggesting a middle-class demographic. The median home value is notably high at $209,325, reflecting the overall wealth and stability of the neighborhood.
When it comes to the economics of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 54433 is set at $910 for fiscal year 2024. This figure is significantly higher than the market rent average of $708, as reported by the Census Bureau's American Community Survey. Landlords can benefit from the difference between these two rates, as the higher FMR allows for greater rental income when compared to typical market rates.
The data signature for ZIP 54433 reads as stable. The relatively low percentage of renters combined with a high median home value suggests a community that is financially secure and has a strong preference for homeownership. However, the presence of Section 8 vouchers offers an opportunity for landlords to tap into a segment of the market that may not otherwise be able to afford living in such a desirable area. Given the disparity between the FMR and market rent, there is potential for landlords to increase their rental income while still providing affordable housing options.
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.