Location: Wood County, WI | Metro: Clark County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
16.1% of residents in ZIP code 54466 are renters, indicating a moderate demand for rental properties. Given the $669 market rent reported by the Census ACS, landlords can expect a steady but not exceptionally high cash flow from their investments. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 stands at $970, which is a significant benchmark for setting rental rates. This figure suggests that properties priced slightly below the FMR could attract more tenants, while those at or above it might cater to a niche market of higher-income renters.
$229,482 is the median home value in the area, reflecting a stable housing market. However, the median income of $67,000 implies that many potential buyers might find it challenging to afford homes at this price point, thus making rentals a more viable option for a considerable portion of the population. Despite the lack of specific data on days on market (DOM) and the percentage of price-cut shares, the overall economic indicators suggest a balanced market where neither landlords nor sellers face extreme challenges or opportunities.
The gap between the market rent ($669) and the FMR ($970) presents an interesting opportunity for Section 8 participants. With the government's willingness to pay up to the FMR, landlords could potentially receive higher subsidies compared to the average market rent. This makes Section 8 participation financially attractive, especially considering the moderate demand for rental units and the limited competition indicated by the absence of days-on-market data.
A final consideration for small-portfolio investors is the potential for long-term stability rather than rapid appreciation. The median home value and median income figures suggest that the area is unlikely to experience sudden spikes in property values, making it a solid choice for those seeking consistent returns over time.
Based on these figures, the verdict for Section 8 participation in ZIP 54466 is positive, offering a reliable subsidy that exceeds the current market rent, ensuring steady occupancy and cash flow.
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.