Location: Rusk County, WI | Metro: Barron 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 | $770 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,060 | $262,909 | 0.4% | F |
| 3BR | $1,370 | $325,831 | 0.42% | F |
U.S. Census Bureau data (2024)
The ZIP code 54728, located in Chetek, WI, stands out within Barron County due to its unique demographic and economic characteristics. With a total population of 5,835 residents, only 13.4% are renters, indicating a predominantly owner-occupied community. The median household income here is $74,712, which is higher than the national average, reflecting a relatively affluent area. Additionally, the median home value in Chetek is $280,754, suggesting that homeownership is both desirable and feasible for many residents.
Despite the low rental rate, the voucher economics in Chetek present an interesting scenario. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,030, while the current market rent, according to the Census Bureau's American Community Survey (ACS), is $945. This discrepancy between the FMR and the actual market rent highlights a potential opportunity for landlords who accept Section 8 vouchers. They can benefit from a slightly higher rental rate compared to the local market, making it financially viable to participate in the program.
Given the data signature, Chetek, WI appears to be a stable community. The high median income and median home value indicate a solid financial foundation among residents. Furthermore, the low percentage of renters suggests that the housing market is primarily driven by homeowners rather than tenants. While the voucher economics present a minor transitional element, the overall trend in Chetek points towards stability. Landlords and small-portfolio investors should consider these factors when evaluating the potential for Section 8 participation in this ZIP code.
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.