Location: Crawford County, WI | Metro: Vernon County, WI HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 54628 is set at $970 per month for the fiscal year 2026. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) under the Section 8 program, which is not the actual rent you will charge your tenants. Instead, it's the maximum amount that HUD will pay on behalf of eligible tenants.
In ZIP 54628, the average rent for a two-bedroom apartment based on Census American Community Survey (ACS) data is $645 per month. Comparing this to the FMR, landlords participating in the Section 8 program can expect a higher guaranteed income than the local market average. The difference between the FMR and the local rent average means that landlords receive a subsidy that bridges the gap between the actual rent and the tenant's contribution, which is typically 30% to 40% of their income.
The 11.1% share of renters in the area indicates a moderate demand for rental housing. However, the Section 8 program can attract a steady stream of tenants who qualify for assistance, ensuring consistent occupancy rates. For those interested in acquiring a property in this ZIP code, the median home value is around $251,673, which can be considered when estimating the potential return on investment.
Before deciding to enter the Section 8 market, it is crucial to verify that your property meets all the required standards for habitability and safety. HUD has strict guidelines about the condition of the rental unit, and failing to comply can result in penalties or exclusion from the program. Once these standards are met, the FMR of $970 provides a solid basis for calculating your potential earnings, which should be higher than the local average rent of $645.
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.