Location: Wausau, WI | Metro: Wausau, WI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The market in ZIP code 54448 is dynamic, with specific indicators painting a picture of how the rental and homeownership sectors are performing. The Fair Market Rent (FMR) for the area stands at $930 for the fiscal year 2024, while the Census American Community Survey (ACS) reports the market rent at $860. This suggests that the FMR is slightly higher than what the market is currently offering, indicating a potential scenario where demand is somewhat exceeding supply, though not significantly.
The median home value in the area is $304,045, which is a stable figure but doesn't provide insight into the current supply-demand balance without historical context. However, the fact that there's no available data on the percentage of price-cut share or days on market (DOM) implies that either these metrics are relatively normal or that the market is too new or niche for such detailed tracking.
A key metric to consider is the 12.4% renter share of the population. While this percentage alone does not indicate immediate housing pressure, it does suggest that a significant portion of the residents are renters. Over the long term, a high renter share can translate into sustained demand for rental properties, as it often correlates with economic conditions that make homeownership less accessible or desirable for a segment of the population. This could mean that landlords and small-portfolio investors should expect a steady demand for rental units in the area, especially if there are factors that continue to influence residents' preference for renting over buying.
In summary, ZIP 54448 presents a market where demand is closely matched with supply, with a slight edge towards demand in the rental sector. The relatively high renter share points to ongoing pressure for rental accommodations, making it an attractive area for those invested in the rental market. Landlords should be aware of the current rents and FMRs to adjust their pricing accordingly and maintain competitiveness in the local housing market.
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.