Section 8 Fair Market Rent (FMR) for ZIP 54459 - 2027

Location: Taylor County, WI | Metro: Lincoln County, WI

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$870
1 Bedroom	$870
2 Bedrooms	$1,140
3 Bedrooms	$1,370
4 Bedrooms	$1,500
5 Bedrooms	$1,740
6 Bedrooms	$1,949
7 Bedrooms	$2,105
8 Bedrooms	$2,210

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,377

Median Household Income

$66,250

Housing Units

994

Renter Percentage

5.7%

Occupancy Rate

56.0%

Renter Occupied

The ZIP code 54459, located in Wisconsin, presents a unique opportunity for real estate investors interested in the Section 8 housing market. The area is characterized by modest rental prices and a relatively low cost of living, making it attractive for both tenants and landlords.

Fair Market Rent (FMR) for ZIP 54459 in fiscal year 2024 is set at $1110. This figure represents the maximum amount that can be charged for a Section 8 voucher, providing a clear benchmark for landlords looking to participate in the program.
The market rent for the area stands at $594 according to Census ACS data. This indicates that the actual rents charged in the market are significantly below the FMR, suggesting a potential for higher returns on investment for those willing to enter the Section 8 program.
The median home value in ZIP 54459 is $205,717. This relatively low median home value can make property acquisition more accessible for investors compared to more expensive markets.
Renters make up only 5.7% of the population. This suggests that the majority of residents own their homes, which could indicate a stable community but also a smaller pool of potential Section 8 tenants.
The median household income is $66,250. This income level is important for understanding the economic context of the area and the ability of residents to afford market-rate rents or qualify for assistance programs.
The Days on Market (DOM) data is currently unavailable. This metric would typically help gauge how quickly properties are being sold or rented, but its absence means we must rely on other indicators to assess market activity.

Investors considering Section 8 properties in ZIP 54459 should take note of the significant gap between the Fair Market Rent and the actual market rent, indicating a favorable environment for landlords. However, the low renter share suggests that finding tenants might require additional effort. The median home value provides a good starting point for evaluating the cost of entry into this market. With a median income of $66,250, the local economy supports a moderate standard of living, which could translate into steady demand for affordable housing. Overall, ZIP 54459 offers a balanced mix of opportunities and challenges for those looking to invest in the Section 8 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.