Section 8 Fair Market Rent (FMR) for ZIP 54727 - 2027

Location: Eau Claire, WI | Metro: Eau Claire, WI MSA

Investment Score for ZIP 54727

N/A

Monthly Rent (2BR)

$1,090

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$880
1 Bedroom	$880
2 Bedrooms	$1,090
3 Bedrooms	$1,470
4 Bedrooms	$1,470
5 Bedrooms	$1,705
6 Bedrooms	$1,910
7 Bedrooms	$2,063
8 Bedrooms	$2,166

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,470	$292,414	0.5%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

4,806

Median Household Income

$81,575

Housing Units

1,990

Renter Percentage

16.7%

Occupancy Rate

94.5%

Renter Occupied

314

A landlord considering purchasing a property in ZIP code 54727 for Section 8 purposes should follow this decision tree:

Step 1: Debt Service Coverage

The Fair Market Rent (FMR) for ZIP 54727 in fiscal year 2024 is $910. For a property valued at $310,124, calculate whether this FMR can cover the debt service. If the monthly debt service (including mortgage payments, property taxes, insurance, and maintenance) is less than or equal to $910, then the answer is yes; otherwise, it's no.

Step 2: Market Rent Comparison

The Census American Community Survey (ACS) indicates that the average market rent in ZIP 54727 is $943. Compare this figure with the FMR of $910. If the market rent is above the FMR, it suggests that non-Section 8 tenants might be willing to pay more, making the investment potentially more flexible. If it's at or below the FMR, the property will likely depend heavily on Section 8 subsidies to maintain profitability.

Step 3: Demand Analysis

In ZIP 54727, 16.7% of residents are renters. However, the data does not provide the days on market (DOM) for rental listings, which would indicate how quickly properties are leased. With only 16.7% of the population renting, there is a limited demand base. This percentage alone suggests it depends on other factors such as the vacancy rate, local job market stability, and the availability of Section 8 vouchers.

Branch A: Yes, if...

The debt service is fully covered by the FMR of $910.
The market rent is above the FMR, indicating potential for higher income.
The rental demand is robust despite the low percentage of renters, possibly due to strong local employment or a high turnover rate.

Branch B: No, if...

The debt service exceeds the FMR of $910, making the property unprofitable under Section 8 guidelines.
The market rent is at or below the FMR, limiting the flexibility of the investment.
Rental demand is weak, and the N/A-day DOM implies slow leasing times.

Branch C: It Depends, if...

The debt service is close to being covered by the FMR but requires further analysis of the specific property costs.
The market rent is slightly above or below the FMR, necessitating a deeper look into the local rental market dynamics.
The rental demand is moderate, requiring an assessment of the overall economic health of the area and the competition from other rental properties.

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.