Location: Taylor County, WI | Metro: Wausau, WI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
U.S. Census Bureau data (2024)
ZIP code 54480, located within the Taylor County, WI metro, presents an interesting mix of characteristics that can help landlords and small-portfolio investors make informed decisions. The Fair Market Rent (FMR) for ZIP 54480 in fiscal year 2024 is set at $1020. This figure is notably higher than the average market rent of $800, indicating a potential premium on rental properties within this ZIP code.
The median home value in ZIP 54480 is listed at $201,066. While this is below the typical home values seen in other parts of Taylor County, it aligns with the county's overall affordability. The renter share in this area stands at 16.2%, which is slightly above the average for the region. This suggests that there is a significant portion of renters who may be eligible for Section 8 housing assistance, making it an attractive location for those interested in government-subsidized tenancy.
When comparing these figures to the broader Taylor County market, ZIP 54480 emerges as a mid-tier neighborhood. It is neither the most expensive nor the least expensive within the metro. However, the combination of a below-average home value and a slightly above-average renter share could signal a sweet spot for Section 8 properties. Landlords can expect a steady demand for subsidized rentals without having to deal with the highest costs associated with property acquisition or maintenance.
The divergence between the higher FMR and lower market rent also implies that there might be opportunities for landlords to increase rents closer to the FMR level, especially if they can offer well-maintained properties with modern amenities. This would be particularly beneficial in areas where the cost of living is relatively low compared to the rest of the county.
In summary, ZIP 54480 offers a balanced opportunity for investment within the Taylor County, WI metro. It is positioned as a mid-tier neighborhood, offering affordable home values and a solid base of potential Section 8 tenants. Landlords should consider the possibility of adjusting their rental prices to align more closely with the FMR while maintaining competitive offerings to attract tenants.
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.