Location: Rusk County, WI | Metro: Rusk County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 54563 in the metro area for fiscal year 2026 is set at $1,040. This figure represents the maximum amount that a landlord can charge a Section 8 tenant for rent. It's important to note that this is not the actual rent you will receive; it's the payment standard used by the housing authority to determine the subsidy amount.
In comparison, the average market rent for ZIP 54563, based on Census American Community Survey (ACS) data, is approximately $820. This indicates that the FMR is higher than the typical rent in the area, which could be beneficial for landlords participating in the Section 8 program.
The renter share in ZIP 54563 is 10.3%, meaning that over 10% of households in the area are renters. This suggests a reasonable demand for rental properties, including those that might participate in the Section 8 program. However, it's crucial to understand that while there is demand, the competition among landlords for these tenants also exists.
If you're considering purchasing a property in ZIP 54563 for your first Section 8 rental, the median home value in the area is around $251,281. This figure should help you estimate the acquisition cost of a property suitable for renting under the Section 8 program. Remember, the property must meet certain criteria such as being safe, decent, and sanitary, and it must pass an inspection by the housing authority.
Before making a final decision to enter the Section 8 market, verify that the property meets all the requirements set by the local housing authority. This includes ensuring the rent is within the acceptable range and that the unit passes the inspection. Doing so will ensure that you avoid any delays or complications once you've purchased the property.
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.