Location: Portage County, WI | Metro: Portage County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The ZIP code 54467 is situated in a predominantly suburban neighborhood with a total population of 14,870 residents. Approximately 38.9% of these residents are renters, indicating a significant demand for rental properties in the area. The median household income in this ZIP code stands at $87,580, which suggests a middle-class community capable of supporting various housing options. The median home value in ZIP 54467 is $347,670, reflecting a stable real estate market where property values are reasonably high but still within reach for many families.
When it comes to the economics of renting, the Fair Market Rent (FMR) for the fiscal year 2026 in the metropolitan area is set at $1,140. However, the actual market rent, as measured by ZORI (Zillow Observed Rent Index), is higher at $1,353. This discrepancy between FMR and market rent highlights an opportunity for landlords and investors who can offer properties that meet the higher market standards while still qualifying for Section 8 vouchers.
Given the demographic and economic profile of ZIP 54467, it would be suitable for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the ZIP code offers a steady stream of tenants through the Section 8 program, with the potential to charge rents slightly above the FMR threshold. On the other hand, for hands-on investors looking to add value, there is room to improve properties and command rents closer to the market rate, thereby increasing cash flow and investment returns. The relatively high median income and median home value provide a solid foundation for such strategies.
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.