Location: Wood County, WI | Metro: Wood County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
The market in ZIP code 54489 presents a dynamic environment for real estate investors and landlords. With a Fair Market Rent (FMR) of $1,140 for the fiscal year 2026, the area reflects a growing demand for affordable rental properties. The current market rent, at $910, as reported by the Census ACS, indicates that rents are currently below the FMR, suggesting potential upward pressure on rental prices.
The median home value in 54489 is $241,496. This figure provides insight into the overall economic health of the neighborhood and the potential for appreciation in property values. However, without historical data on price-cut shares and days on market (DOM), it's challenging to definitively state whether supply outpaces demand or vice versa. The absence of these metrics could imply either stability or a lack of significant market activity that would otherwise necessitate frequent price adjustments.
A 15.9% renter share in the population suggests a moderate level of long-term housing pressure. This percentage indicates that a substantial portion of the residents are renters rather than homeowners, which can be an important factor for investors looking to capitalize on the rental market. A higher renter share often correlates with sustained demand for rental units, as it implies a significant number of individuals and families who are likely to remain in the rental market for extended periods.
In summary, the snapshot of ZIP 54489 reveals a market characterized by a gap between the current market rent and the projected FMR, indicating potential growth opportunities for rental properties. The median home value suggests a stable residential market, while the moderate renter share points to a steady demand for rental housing. These factors collectively paint a picture of a market in motion, with inherent dynamics that favor both landlords and small-portfolio investors seeking to enter or expand their presence in the area.
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.