Location: Wood County, WI | Metro: Adams County, WI
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $279,421 | 0.36% | F |
| 3BR | $1,290 | $342,070 | 0.38% | F |
U.S. Census Bureau data (2024)
The ZIP code 54457, located in Nekoosa, WI, within the Wood County, WI metro area, presents a unique profile when compared to other ZIP codes in the region. With a Fair Market Rent (FMR) of $970 for the fiscal year 2026, it aligns closely with the broader metro average, indicating that rental prices here are neither significantly lower nor higher than what is typically found across the county.
However, the market rent figure stands at $765, which is notably below the FMR. This suggests that while the government benchmark for rental prices is set at $970, actual rents in the area are lower, potentially making it an attractive option for those seeking affordable housing. The discrepancy between the FMR and the actual market rent could indicate a value pocket within the metro, where investors can find opportunities to offer rentals at slightly above market rates but still within reach of Section 8 voucher holders.
The median home value in ZIP 54457 is $266,114. This figure is indicative of a mid-tier neighborhood, as it represents a moderate price point within the metro area. Home values in this range suggest a balance between affordability and stability, making it a reasonable investment for landlords and small-portfolio investors looking to enter the market without facing the challenges of either very low or very high property costs.
A significant factor to consider is the 14.6% renter share, which is relatively high compared to many other ZIP codes in the area. High renter shares often signal areas where there is a greater demand for rental properties, which can be beneficial for landlords. However, the combination of a high renter share and a below-average home value might suggest that this ZIP code could be particularly appealing for Section 8 investments, as it offers a mix of affordability and demand for subsidized housing.
In summary, ZIP 54457 appears to be a value pocket within its metro, offering a blend of moderately priced homes and below-market rents. This positioning makes it a strategic choice for investors interested in the Section 8 program, given the alignment with the FMR and the substantial renter population. The area's characteristics—affordable rents and a reasonable home value—present a clear opportunity for those willing to cater to the needs of low-income renters.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.