Section 8 Fair Market Rent (FMR) for ZIP 54629 - 2027

Location: Buffalo County, WI | Metro: Buffalo County, WI

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$790
1 Bedroom	$830
2 Bedrooms	$1,090
3 Bedrooms	$1,300
4 Bedrooms	$1,670
5 Bedrooms	$1,937
6 Bedrooms	$2,169
7 Bedrooms	$2,343
8 Bedrooms	$2,460

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,595

Median Household Income

$74,432

Housing Units

1,252

Renter Percentage

19.7%

Occupancy Rate

90.0%

Renter Occupied

222

The ZIP code 54629, located in Wisconsin, offers a stable real estate market for both residential rentals and property investments. The area benefits from a mix of affordable housing options and a moderate income level, making it attractive for small-portfolio investors and landlords looking to capitalize on steady demand.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,150, indicating a benchmark for rental pricing that landlords can use to ensure their properties remain competitive.
The average market rent for a one-bedroom unit, based on Census ACS data, stands at $816. This figure suggests that there is room for growth in rental rates for higher-end units, such as those with more bedrooms or amenities.
The median home value in ZIP 54629 is $276,383, which provides a solid foundation for investment opportunities, particularly in areas where property values are expected to rise.
Renters make up 19.7% of the population, reflecting a modest but consistent demand for rental properties. This percentage is crucial for understanding the local rental market's size and potential for expansion.
The median income of residents is $74,432, which supports the ability of tenants to afford the current and projected rental prices, ensuring a reliable cash flow for landlords.

Synthesizing these points, ZIP 54629 presents a balanced opportunity for real estate investors. With a median home value that is neither too high nor too low, combined with a median income that aligns well with rental prices, the area is poised for steady returns. Landlords should focus on properties that meet the FMR standards to attract tenants, while small-portfolio investors can look to purchase homes below the median value for long-term appreciation. The relatively low renter share indicates potential for increasing rental offerings to capture a growing market segment, but also suggests that competition may be less intense compared to densely populated urban centers.

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.