Location: Jackson County, WI | Metro: Jackson County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 54635 reveals several key points for landlords and small-portfolio investors. First, let's examine if the rent math works. The Fair Market Rent (FMR) for the area, as projected for fiscal year 2026, stands at $1,020. However, the current market rent, based on Census ACS data, is significantly lower at $688. This indicates that landlords may need to adjust their rental pricing expectations to align with the actual market conditions.
Moving on to acquisition affordability, the median home value in ZIP 54635 is $229,654. Unfortunately, the data on days on market (DOM) and the percentage of homes that have had their prices cut is not available. Given the median home value, potential investors should be prepared for an initial investment that reflects this figure. Without DOM and price-cut data, it's challenging to assess the ease of acquiring properties, but the median value suggests a middle-ground price point relative to other areas in the county.
Regarding tenant demand, ZIP 54635 has a total population of 1,793. Of this population, 11.8% are renters. This relatively low renter share might indicate a smaller pool of potential tenants, which could affect occupancy rates and the speed at which units are filled. Landlords would need to ensure they offer competitive rents and attractive living conditions to attract and retain tenants.
In summary, while the median home value in ZIP 54635 is within a reasonable range for acquisition, the discrepancy between the FMR and the actual market rent suggests that landlords must set realistic expectations for rental income. The limited data on DOM and price-cut percentages means investors should proceed with caution when considering property purchases. Lastly, the modest renter share implies a need for landlords to focus on providing quality housing at competitive rates to meet tenant demand effectively.
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.