Location: Iron County, WI | Metro: Iron County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,880 |
| 5 Bedrooms | $2,181 |
| 6 Bedrooms | $2,443 |
| 7 Bedrooms | $2,638 |
| 8 Bedrooms | $2,770 |
U.S. Census Bureau data (2024)
To integrate ZIP code 54550 into a Section 8 portfolio strategy, consider it primarily as a cash-flow anchor. This designation is based on the favorable financial metrics that align well with the stability and predictability sought by landlords and small-portfolio investors.
The Fair Market Rent (FMR) for ZIP 54550 in the metro area for fiscal year 2026 is set at $1,160. In comparison, the current market rent stands at $813, indicating a substantial spread of $347 per unit. This difference ensures a reliable income stream above market rates, which is crucial for maintaining positive cash flow. Additionally, the median home value of $123,382 suggests that property acquisition costs are relatively low, making it easier to achieve a high rental yield.
ZIP 54550 does not present itself as an appreciation play due to the lack of significant growth indicators such as price-cut share and days on market (DOM). These metrics suggest that the local housing market is stable rather than rapidly appreciating.
While the ZIP code offers some diversification potential with a 4.7% renter share and a median income of $64,583, these factors are secondary to its role as a cash-flow anchor. The higher-than-market FMR provides a solid foundation for consistent revenue, which is particularly valuable in a diversified portfolio where other investments might be riskier or less predictable.
In summary, ZIP 54550 should be viewed as a cash-flow anchor within a Section 8 portfolio strategy, given the significant spread between the FMR and market rent, coupled with a low median home value that supports a robust rental yield.
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.