Location: Clark County, WI | Metro: Clark County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,300 |
| 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 economics of Section 8 in ZIP code 54436 are straightforward. The SAFMR (Standard Area Fair Market Rent) for a two-bedroom apartment is set at $970 per month for fiscal year 2026. This figure represents the maximum amount a landlord can receive from the housing authority for a two-bedroom unit in this ZIP code. However, it's important to understand that the local market rent for a similar property is lower, running at $788 according to Census ACS data.
A Section 8 voucher works by covering the difference between what a tenant can afford and the actual rent. Typically, tenants contribute approximately 30% of their adjusted income towards rent. For ZIP 54436, if we assume an average tenant income that aligns with the local median, the tenant might pay around $236 monthly, which is 30% of the local market rent. This amount is fixed regardless of the SAFMR.
Once the tenant portion is determined, the housing authority calculates the remainder of the rent that will be covered by the voucher. In ZIP 54436, this would mean the voucher would cover the remaining $734 of the $970 SAFMR. It's crucial to note that the voucher does not cover the entire SAFMR amount; it only covers up to the SAFMR, minus the tenant's contribution.
In addition to the base rent, landlords often receive utility allowances. These allowances vary but typically add an additional $100-$200 to the total reimbursement. For simplicity, let's say an allowance of $150. Therefore, the total reimbursement a landlord receives for a two-bedroom apartment would be the sum of the tenant's contribution and the voucher reimbursement plus the utility allowance, totaling $1,090.
Given these numbers, the typical reimbursement gap or surplus in ZIP 54436 for a two-bedroom apartment is a surplus. Landlords would receive $1,090 on average, which is higher than the local market rent of $788. This surplus is significant, providing landlords with a buffer against potential maintenance costs or vacancies.
To summarize, landlords in ZIP 54436 who accept Section 8 vouchers for a two-bedroom apartment can expect a total reimbursement of around $1,090, which includes the tenant's payment, the voucher reimbursement up to the SAFMR, and a utility allowance. This is above the local market rent, resulting in a surplus for landlords.
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.