Location: Langlade County, WI | Metro: Langlade County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
The ZIP code 54462 presents several challenges for landlords considering participation in the Section 8 program. Firstly, tenant turnover is a significant concern, especially when comparing the non-disclosed market rent to the Federal Market Rent (FMR) of $1,020 for fiscal year 2026 in the metro area. This discrepancy can lead to higher operational costs due to frequent turnovers, which can impact overall profitability.
Vacancy exposure is another risk factor. The non-disclosed days on market (DOM) indicate uncertainty around how quickly properties might be rented out, potentially leading to periods of non-income generation. For a landlord, this could mean financial strain if properties remain vacant for extended periods.
The exposure to deferred maintenance is also notable. Given the non-disclosed typical home value and a median income of $92,981, there's a risk that tenants may not prioritize property upkeep. This can result in higher repair costs over time, which must be factored into the investment strategy. Landlords should be prepared to manage these maintenance issues proactively to avoid larger, more expensive problems down the line.
However, these risks are somewhat mitigated by the high concentration of renters in the area. With a 4.2% renter share, there is likely to be robust demand for rental properties, including those that accept Section 8 vouchers. This strong rental market can help ensure steady occupancy rates and reduce the likelihood of prolonged vacancies.
In summary, despite the potential pitfalls of tenant turnover, vacancy exposure, and deferred maintenance, the high renter density in ZIP 54462 suggests a moderate risk for a first-time Section 8 landlord. Careful management and preparation can help navigate these challenges effectively.
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.