Location: Eau Claire, WI | Metro: Eau Claire, WI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
U.S. Census Bureau data (2024)
The rent math in ZIP 54726 does not align favorably for landlords. The Fair Market Rent (FMR) set at $930 for fiscal year 2024 is notably lower than the market rent reported by the Census ACS, which stands at $1,099. This discrepancy suggests that landlords may struggle to cover operational costs if they adhere strictly to the FMR guidelines.
Regarding acquisition affordability, the median home value in ZIP 54726 is $232,157. However, due to the lack of available data on days on market (DOM) and the percentage of homes sold with a price reduction, it's challenging to assess how competitive the market is for purchasing properties. Landlords should conduct further research to understand the current dynamics of property acquisition in this area.
Tenant demand in ZIP 54726 is moderate. With a total population of 1,866, approximately 17.6% of residents are renters. This indicates that while there is a presence of tenants, the overall demand might be limited given the relatively small population size.
In summary, ZIP 54726 presents a mixed picture for landlords and small-portfolio investors. While the potential to charge above the FMR exists, the lower FMR could impact rental income stability. Property acquisition appears moderately priced but requires additional investigation into market conditions. Tenant demand is present but constrained by the area's small population. Overall, the investment opportunity in ZIP 54726 is viable but demands careful consideration of these factors.
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.