Location: Lincoln County, WI | Metro: Lincoln County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 54442 is situated in a small, rural neighborhood characterized by a modest population of 1,527 residents. The area has a relatively low percentage of renters at 12.5%, indicating that homeownership is prevalent. With a median household income of $64,779, it suggests that the community is economically stable, though not particularly affluent. The median home value stands at $259,215, which is reflective of the region's housing market dynamics.
Turning to the economic realities of renting in ZIP 54442, the Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,100. This figure is notably higher than the average market rent of $952, based on recent Census American Community Survey (ACS) data. This discrepancy highlights an opportunity for landlords who can offer properties at or near the FMR rate, potentially attracting tenants who qualify for Section 8 vouchers.
Given these conditions, ZIP 54442 would be well-suited for a hands-off voucher operator. The area's lower percentage of renters and the gap between FMR and market rents suggest that there is a segment of the population seeking affordable housing options. For those who can manage properties efficiently, the potential for steady, government-backed rental income exists without the need for extensive property improvements or active management.
However, for a hands-on value-add buyer, the opportunities are more limited. While there might be some room for increasing property values through renovations or strategic positioning as affordable housing options, the overall demand for rentals is not high. Therefore, such an investor should carefully consider the potential return on investment versus the effort required to enhance the properties' appeal.
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.