Location: Sawyer County, WI | Metro: Ashland County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The ZIP code 54517 is not a renter-heavy area, given that it has a population of 167 and only 0.0% of residents are renters. This indicates a strong homeownership trend within the community, which implies that the number of Section 8 voucher holders looking for rental properties will be minimal. The median household income in this area stands at $73,571, suggesting a relatively affluent demographic.
Since market rent data is not available, we cannot calculate the exact percentage of income spent on rent. However, using the Fair Market Rent (FMR) figure of $1,010 for FY 2026 in the metro area, we can infer how this compares to the median income. At $1,010 per month, a typical rent would consume approximately 16.2% of the median household income in ZIP 54517. This is a reasonable amount and suggests that most residents could afford rent without needing assistance.
The scarcity of Section 8 voucher holders in this ZIP code means that landlords should expect tenants who are likely to have stable incomes and the ability to pay rent without government assistance. These tenants are probably employed in professional or managerial roles, given the high median income level. Landlords can focus on providing quality housing that meets the needs of a higher-income demographic, ensuring their properties offer amenities and conditions that appeal to those who can afford to pay above the FMR.
In summary, ZIP 54517 is predominantly a homeowner-dominated area with very little demand for Section 8 vouchers. The expected tenant profile is one of financial stability and independence from rental subsidies.
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.