Location: Oneida County, WI | Metro: Oneida County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 54531 is set at $1,140 for metro fiscal year 2026. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program. It is important to note that this is not the amount tenants will pay; rather, it is the maximum amount the government will reimburse landlords for renting a unit.
To put this into perspective, the average rent in ZIP 54531 is currently around $850, based on recent Census American Community Survey (ACS) data. This indicates that the FMR is higher than the typical market rate, which can be beneficial for landlords looking to cover costs and potentially earn more.
The renter share in this area is 5.6%, meaning that a significant portion of the population relies on rental housing. This suggests a steady demand for rental properties, especially those that are affordable and well-maintained. Given the FMR, landlords can expect to attract tenants who need assistance with housing costs.
When considering the acquisition cost of a property, the median home value in ZIP 54531 is approximately $365,697. This can help you estimate the initial investment required to purchase a rental property in this area. With the FMR being higher than the average rent, landlords can potentially cover mortgage payments and other expenses while still earning a profit.
Before making a final decision to participate in Section 8, landlords should verify that the property meets the physical inspection requirements. These standards ensure that the rental unit is safe, decent, and sanitary for tenants. Meeting these criteria is essential for approval and maintaining participation in the program.
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.