Location: Crawford County, WI | Metro: Vernon County, WI HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,460 | $297,176 | 0.49% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 54665 in the metro area for fiscal year 2026 is set at $1,010. This figure represents the payment standard for Section 8 housing vouchers, meaning it's the maximum amount that the government will pay towards a tenant's rent in this area. However, this does not mean you should charge exactly $1,010; it serves as a guideline to ensure rents are reasonable.
To put this into perspective, the average rent for ZIP 54665, according to the latest Census American Community Survey (ACS) data, is $842. The difference between the FMR and the actual average rent suggests there might be an opportunity to slightly increase your rental income while still remaining competitive and within the bounds of the Section 8 program.
The renter share in ZIP 54665 stands at 24.4%, indicating that nearly a quarter of the population is renting. This can be a good sign for demand, especially for those looking to participate in the Section 8 program. With a decent portion of the community seeking rental options, there is likely a steady pool of potential tenants.
If you're considering purchasing a property in this area for your first Section 8 rental, the median home value is around $268,848. This price point reflects the typical acquisition cost for a home in ZIP 54665, which is important to factor into your investment strategy. Ensure that the property you acquire is priced reasonably and has the necessary features to attract Section 8 tenants, such as being in good repair and meeting safety standards.
Before you finalize your decision, it's crucial to verify that the property meets all the requirements set forth by the Department of Housing and Urban Development (HUD) for Section 8 participation. This includes ensuring the unit passes a habitability inspection and that the rent you charge is within the allowed limits based on the FMR.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.