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)
23.1% of residents in ZIP code 54437 are renters, indicating a significant portion of the population relies on rental housing. This demographic characteristic is crucial for landlords and small-portfolio investors looking to target their investments effectively. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, which represents the maximum amount that a landlord can charge for a Section 8 voucher holder. In comparison, the market rent, based on Census ACS data, stands at $715, suggesting a potential gap where landlords can benefit from Section 8 programs without significantly undercutting the local market rates. However, the median home value in the area is $225,745, which might influence the type of properties available for rent. Given the median income of $67,097, many residents may find it challenging to afford homeownership, thus potentially increasing demand for rental properties.
The data does not provide specific figures for days on market (DOM) or the percentage of price-cut shares, which could be indicative of a stable real estate market in ZIP 54437. Without fluctuating prices or long periods of unsold inventory, landlords can expect steady occupancy rates and predictable cash flows. Additionally, the disparity between the FMR and market rent suggests an opportunity for landlords to participate in the Section 8 program while still maintaining competitive pricing.
A final consideration for small-portfolio investors is the potential for leveraging the higher FMR to cover mortgage payments and maintenance costs, especially when compared against the median home value. This balance allows for a reasonable profit margin while ensuring affordability for tenants.
Based on these figures, ZIP 54437 presents a viable investment opportunity for Section 8 participation, offering a stable market environment and a clear path to profitability for landlords and investors.
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.