Section 8 Fair Market Rent (FMR) for ZIP 54655 - 2027

Location: Richland County, WI | Metro: Vernon County, WI HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,798

Median Household Income

$56,010

Housing Units

847

Renter Percentage

19.5%

Occupancy Rate

81.8%

Renter Occupied

135

The ZIP code 54655 is nestled within a region that offers a blend of rural charm and suburban convenience, making it an attractive location for both residents and investors. The area is characterized by a stable housing market with a mix of rental properties and homeownership opportunities.

Fair Market Rent (FMR): The FMR for the metro area as of fiscal year 2026 is set at $970, indicating a moderate level of affordability and demand for rental units.
Market Rent: According to the Census ACS, the average market rent in ZIP 54655 is $731, which is below the FMR, suggesting a competitive rental market.
Median Home Value: The median home value stands at $286,434, offering a solid investment opportunity for those interested in purchasing residential property.
Renter Share: With 19.5% of households being renters, there is a significant but not overwhelming presence of the rental market, balancing potential rental income against homeownership values.
Median Income: The median income in the area is $56,010, providing insight into the financial capacity of the local population to afford housing costs.

Investors looking to capitalize on the real estate opportunities in ZIP 54655 should consider the balance between rental and homeownership markets. The lower-than-FMR average market rent suggests a competitive environment where pricing strategically can attract tenants. Meanwhile, the median home value indicates a stable market for those considering property purchases. The moderate median income level supports the current housing cost structure but also highlights the importance of maintaining reasonable rents and mortgage payments to sustain occupancy rates. Overall, ZIP 54655 presents a viable investment landscape with clear metrics for both rental and purchase-based strategies.

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.