Location: Price County, WI | Metro: Price County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The ZIP code 54524 is situated in a rural neighborhood characterized by a small population of only 663 residents. With 26.5% of the residents being renters, it suggests a modest demand for rental properties. The median household income in this area is $40,536, indicating a middle-class community. The median home value stands at $200,156, reflecting an affordable housing market.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $980. However, the actual market rent, according to the Census American Community Survey (ACS), is significantly lower at $449 per month. This disparity highlights a potential opportunity for Section 8 investors looking to capitalize on government-subsidized rents that exceed local market rates.
Given these conditions, ZIP 54524 would be well-suited for a hands-off voucher operator. The relatively low market rent and high FMR suggest that properties could be rented out at subsidized rates without extensive management or renovation efforts. For those interested in a more active role, there might also be opportunities for value-add investments, where improvements to properties can justify higher rents closer to the FMR, though the scope for such increases is limited by the overall affordability of 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.