Location: Pepin County, WI | Metro: Buffalo 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 | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,380 | $247,289 | 0.56% | F |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 54736 presents a unique setup for both landlords and small-portfolio investors, with several key metrics providing insights into future pricing power and investment potential.
The median home value stands at $246,885, which serves as a foundational reference point for understanding the local housing market's health and value. Despite the lack of specific percentages for listings that have been reduced and the median days on market (DOM), the absence of these figures suggests stability in the market. When listings reductions and DOM are not reported, it typically indicates that neither buyers nor sellers are under significant pressure to act quickly, implying a balanced market where both parties can negotiate terms comfortably.
On the rental side, the Forward Monthly Rent (FMR) for the metro area in fiscal year 2026 is projected to be $970, while the current market rate is $841 based on Census ACS data. This gap signals an opportunity for landlords to potentially increase rents closer to the FMR as the market adjusts to anticipated increases in living costs and demand. However, the actual adjustment will depend on the local economy's strength, job growth, and population trends.
For long-term investors, the setup in ZIP 54736 suggests a moderate appreciation thesis. With stable home values and a growing rental market, there is potential for gradual price increases over the next 12 to 24 months. The key driver for this appreciation will likely come from the rental income side, as the disparity between the FMR and the current market rate points towards a favorable environment for increasing rental yields.
Investors should also consider the broader economic context. If the local economy continues to grow, attracting new residents and businesses, the demand for housing could rise, putting upward pressure on both home values and rental rates. Conversely, if economic conditions deteriorate, the market may become less favorable for price increases.
In conclusion, the current median home value, the balance implied by the missing DOM and listing reduction data, and the favorable rental market dynamics suggest a promising scenario for long-term investment in ZIP 54736. Landlords and investors can expect gradual improvements in property values and rental yields, provided the local economy remains robust.
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.