Location: Vilas County, WI | Metro: Vilas County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
ZIP code 54561, located within the Vilas County, WI metro area, exhibits unique characteristics that set it apart from other ZIP codes in the county. The Fair Market Rent (FMR) for 54561 is $1,090 for fiscal year 2026, which is a key figure for landlords and investors interested in the Section 8 housing voucher program.
Compared to the typical ZIP codes in Vilas County, the lack of available market rent and home value data for 54561 suggests limited private rental activity and residential sales. This absence of data points to a potentially underdeveloped real estate market or an area where government programs like Section 8 play a significant role.
The 0.0% renter share in 54561 is noteworthy. In most cases, a higher renter share indicates a greater demand for rental properties, which could be a positive sign for landlords. However, the zero percent figure here is unusual and may imply that the majority of residents in 54561 own their homes rather than renting, or there might be a concentration of subsidized housing.
Given the specific figures provided, ZIP code 54561 can be inferred as a value pocket within the Vilas County, WI metro. The relatively low FMR of $1,090, coupled with the lack of market rent and home value data, suggests that this area offers affordable rental options compared to the broader metro region. Landlords and investors should consider the potential for Section 8 vouchers to fill this niche, given the affordability of rents in this ZIP code.
While the absence of a renter share percentage might typically raise concerns about the viability of rental investments, the specific context of 54561—where it appears to be dominated by homeownership or subsidized housing—indicates a specialized market. Investors should focus on the opportunities presented by the FMR and the potential for government-assisted tenants who might find the cost of living in this ZIP code more manageable than in other parts of the metro 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.