Location: Monroe County, WI | Metro: Jackson County, WI
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 | $900 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,670 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,670 | $225,329 | 0.74% | D |
U.S. Census Bureau data (2024)
The potential risks for investing in Section 8 properties in ZIP code 54666 are significant and must be carefully considered. Tenant turnover is a primary concern, with the market rent at $1,125 being notably lower than the Fair Market Rent (FMR) of $1,230 for fiscal year 2026 in the metropolitan area. This difference suggests that tenants may prefer higher-rent units outside the program, leading to higher turnover rates which can be costly for landlords.
Vacancy exposure is another critical issue. The average days on market (DOM) is currently unknown, making it difficult to predict how long a property might remain vacant between tenants. Vacancies can lead to lost rental income and increased maintenance costs, especially if the property has deferred maintenance issues.
The typical home value in ZIP 54666 is $224,662, while the median household income stands at $78,015. These figures indicate a significant disparity between housing costs and income levels, suggesting that many residents may struggle to afford even the subsidized rents offered through the Section 8 program. This financial strain could result in delayed rent payments or other financial hardships for tenants, further increasing the risk for landlords.
However, these risks must be weighed against the high concentration of renters in the area, with 21.6% of the population being renters. High renter density typically correlates with a greater demand for rental assistance programs such as Section 8. Therefore, despite the challenges, there is a strong likelihood that there will be a steady stream of qualified applicants seeking voucher-assisted housing.
In conclusion, the investment risk for a first-time Section 8 landlord in ZIP code 54666 is moderate.
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.