Location: Shawano County, WI | Metro: Shawano County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
U.S. Census Bureau data (2024)
A skeptical investor considering investing in ZIP 54450 might raise several concerns regarding the feasibility of the investment. Here, we address those concerns with available data.
Will FMR $1,220 (metro FY 2026) cover the mortgage on a N/A home? Unfortunately, the data provided does not include specific information on the average home price in ZIP 54450, which makes it impossible to calculate the potential mortgage payments accurately. However, given the median home value is listed as N/A and the median sale price is $96k, it suggests that the property values in this area are relatively low. If a property were to be purchased at or below the median sale price, a monthly rent of $1,220 could potentially cover the mortgage, especially if interest rates remain stable. It's important to note that the lack of specific average home price data limits our ability to provide a definitive answer.
Is there enough renter demand at 22.6%? The rental market demand in ZIP 54450 stands at 22.6%. This percentage indicates that nearly one-quarter of the population is renting, which can be considered a moderate level of demand. However, with only 2 active listings currently, it suggests that the supply is very limited compared to the demand. This scenario could work in favor of landlords, as the scarcity of rental properties might drive up demand and make it easier to fill vacancies. Additionally, the typical time for a home to sell being 44 days indicates a healthy market turnover, which can be a positive sign for rental properties as well.
Will vouchers keep pace with $960 market rents? The market rents in ZIP 54450 are reported at $960. While the data does not explicitly mention the trend of voucher usage, the Fair Market Rent (FMR) for the area is expected to be $1,220 by FY 2026. This implies that the market rents are currently lower than the FMR, which could mean that vouchers are already sufficient to cover the current market rents. However, whether they will keep pace with future increases in market rents remains uncertain without specific information on the growth of voucher allocations or their usage trends in the area.
In summary, while the data provides some insights into the rental market and affordability in ZIP 54450, there are gaps in information that prevent a fully conclusive analysis. The limited supply of rental properties and the current market rents suggest potential opportunities, but the future trajectory of both rents and voucher allocations requires further investigation.
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.