Location: Pepin County, WI | Metro: Dunn County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
U.S. Census Bureau data (2024)
14.7% of residents in ZIP code 54737 are renters, indicating a modest demand for rental properties in the area. With a median income of $68,750, potential tenants have a reasonable financial base to support their rental payments. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,030, which represents the maximum allowable rent for Section 8 participants. This figure is slightly below the market rent of $1,135, as reported by the Census ACS, suggesting that landlords who participate in the Section 8 program might need to adjust their expectations on rental income.
$310,234 is the median home value in ZIP 54737, reflecting the overall property values in the region. While this figure is significant, it does not directly impact the rental market dynamics. However, it can influence the attractiveness of the area to both renters and buyers, potentially affecting long-term investment strategies. The data indicates that there is no available information on the average days on market (DOM) or the percentage of homes that had their prices cut, which could suggest a stable market without significant fluctuations.
The gap between the FMR of $1,030 and the market rent of $1,135 highlights the challenge for landlords who wish to maximize their returns while adhering to Section 8 guidelines. Investors should consider this when evaluating the profitability of properties in ZIP 54737 under the Section 8 program. Given the median income of $68,750, the majority of residents are likely to qualify for assistance, ensuring a steady stream of potential tenants.
In conclusion, ZIP code 54737 presents a balanced opportunity for landlords and small-portfolio investors interested in the Section 8 program. The slight disparity between FMR and market rents should be weighed against the stability of the local economy and the property values. For those willing to comply with the program's requirements, the area offers a viable option for generating consistent rental income. Verdict: Suitable for Section 8 participation.
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.