Location: Lincoln County, WI | Metro: Wausau, WI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
The ZIP code 54452 stands out in its county with a population of 18,969 residents, where 23.2% are renters. The median household income in this area is $67,669, and the median home value is $217,430, indicating a middle-class community with a significant number of homeowners. For landlords and small-portfolio investors, understanding the dynamics of rental assistance can be crucial.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 54452 in fiscal year 2024 is set at $910, which is notably higher than the average market rent of $774 as reported by the Census Bureau's American Community Survey (ACS). This suggests that landlords who accept Section 8 vouchers could see an increase in rental income compared to market rates. However, it's important to note that the demand for subsidized housing can vary, impacting the overall economic stability of the rental market.
Based on the data signature, ZIP 54452 appears to be in a transitional phase. The relatively high FMR compared to market rents indicates potential growth in the rental sector, possibly due to an influx of new residents or changes in local economic conditions. Landlords should consider these factors when deciding whether to participate in the Section 8 program, weighing the benefits of increased rental income against the administrative requirements and potential fluctuations in tenant demand.
To summarize, ZIP 54452 offers a mix of homeowners and renters, with Section 8 vouchers providing a financial incentive for landlords to accept tenants receiving rental assistance. The gap between FMR and market rents presents an opportunity for landlords, but also suggests a market that is evolving and may require careful monitoring to stay ahead of trends.
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.