Section 8 Fair Market Rent (FMR) for ZIP 54558 - 2027

Location: Vilas County, WI | Metro: Oneida County, WI

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$800
1 Bedroom	$860
2 Bedrooms	$1,090
3 Bedrooms	$1,310
4 Bedrooms	$1,450
5 Bedrooms	$1,682
6 Bedrooms	$1,884
7 Bedrooms	$2,035
8 Bedrooms	$2,137

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,262

Median Household Income

$59,718

Housing Units

2,696

Renter Percentage

19.8%

Occupancy Rate

46.4%

Renter Occupied

248

Housing Authorities Serving ZIP 54558

Rhinelander Housing Authority (Rhinelander, WI) - 144 Section 8 vouchers

ZIP code 54558, located in a suburban setting within the state of Wisconsin, offers a stable environment for real estate investments, particularly for those interested in Section 8 properties. The area benefits from a mix of rental and homeownership opportunities, providing a diverse market for potential investors.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,080. This figure represents the maximum amount that a landlord can charge for a Section 8 rental unit, ensuring a predictable revenue stream for investors.
The average market rent for the area, according to the Census American Community Survey, stands at $897. This suggests that there is a slight premium when participating in the Section 8 program, making it a viable option for landlords seeking higher returns.
The median home value in ZIP 54558 is $375,721. This indicates a moderate housing market, where property values are neither excessively high nor low, offering a balanced investment opportunity.
Renters make up 19.8% of the population in this ZIP code. While this percentage is not exceptionally high, it does suggest a reasonable demand for rental properties, including those that cater to Section 8 tenants.
The median household income in the area is $59,718. This provides insight into the economic profile of the residents, indicating that while the income level is not extremely high, it is sufficient to support a stable rental market.

Synthesizing these points, ZIP 54558 presents a moderate investment climate for Section 8 real estate. With a fair market rent above the average market rent, landlords can expect a modest premium for participating in the program. The median home value suggests a balanced market, neither overheated nor undervalued. The relatively low renter share implies that competition for rental units may be less intense, but the stable median income supports a dependable tenant pool. Overall, the area offers a solid foundation for investors looking to enter the Section 8 market without the risks associated with highly competitive or economically unstable regions.

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.