Location: Vernon County, WI | Metro: Vernon County, WI HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The real estate market in ZIP 54621 currently presents a balanced scenario, with median home values at $317,505. This figure indicates a stable housing market where neither buyers nor sellers hold overwhelming pricing power. The fact that the percentage of listings reduced is not available suggests that there has been no significant trend of price reductions, implying that the market remains steady and prices are likely to remain consistent without major fluctuations.
The median days on market (DOM) being unavailable also points towards a healthy market where homes are selling relatively quickly, but it does not provide concrete evidence to support a strong upward or downward trend in pricing power. For landlords and small-portfolio investors, this signals a cautious approach to pricing, as the market does not show clear signs of either rapid appreciation or depreciation.
On the rental side, the Forward Market Rate (FMR) for ZIP 54621 is projected to be $970 by fiscal year 2026, compared to the current market rate of $777 based on Census ACS data. This gap between the current market rate and the FMR suggests that rental prices have room to grow over the next few years, aligning with broader economic trends and increasing demand for affordable housing. However, the growth will likely be gradual rather than explosive, given the steady nature of the home value and the lack of significant price reductions.
For long-term investors, the realistic appreciation thesis is that property values in ZIP 54621 will likely increase modestly over the next 12-24 months, driven by the expected rise in rental prices and the overall stability of the housing market. The current setup implies that while there may not be a high appreciation potential, the market provides a solid foundation for maintaining and potentially growing investment value through steady rental income and gradual property appreciation.
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.