Location: Trempealeau County, WI | Metro: Jackson County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The market in ZIP code 54616 is currently characterized by a steady rental environment with a Fair Market Rent (FMR) set at $970 for the fiscal year 2026, according to the metropolitan area's latest figures. This contrasts slightly with the actual market rent reported at $828 based on recent Census American Community Survey (ACS) data. The difference between these two figures suggests that while there might be some upward pressure on rents, the market remains relatively stable.
The median home value in ZIP 54616 stands at $240,382, which indicates a middle-tier residential property market. This value can be used as a benchmark for assessing the overall affordability and desirability of homeownership in the area. However, the lack of data on price-cut shares and days on market (DOM) makes it challenging to draw conclusions about the immediate supply-demand balance. Typically, if there were a surplus of homes, we would see higher price-cut shares and longer DOM periods, but with the current data, such trends cannot be confirmed.
A key indicator of long-term housing pressure is the 26.3% share of renters in the area. This figure suggests that a significant portion of the population opts for renting over buying, which could imply ongoing housing affordability issues or a preference for the flexibility that renting offers. High renter shares often correlate with increased competition for rental properties, leading to potential upward pressure on rental rates over time.
In summary, ZIP 54616 presents a market where rental rates are approaching FMR levels, indicating a potentially tight rental market. The substantial renter share points towards a community that is likely to experience continued demand for rental properties, making it an attractive investment opportunity for those interested in the rental sector. Landlords and small-portfolio investors should pay close attention to local economic indicators and housing trends to capitalize on this dynamic market.
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.