Section 8 Fair Market Rent (FMR) for ZIP 54741 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$840
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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,664

Median Household Income

$62,679

Housing Units

810

Renter Percentage

18.2%

Occupancy Rate

80.6%

Renter Occupied

119

ZIP code 54741, located within the Jackson County, WI metro, presents a unique profile compared to other ZIP codes in the county. The Fair Market Rent (FMR) for 54741 is set at $910 for fiscal year 2024, which is notably higher than the average market rent of $675. This indicates that while the government's subsidy rates are generous, the actual rental market in this area is less expensive, suggesting a potential opportunity for landlords who can attract tenants through Section 8 vouchers.

The median home value in 54741 is $212,456, which is reflective of the broader Jackson County housing market. However, the significant renter share of 18.2% stands out, particularly if it diverges from the county average. A higher-than-average renter share combined with lower market rents can signal a value pocket for landlords participating in Section 8 programs, as it suggests a concentration of renters who might benefit from subsidized housing.

To determine if 54741 is a value pocket, a mid-tier neighborhood, or a premium sub-market, consider the following:

Value Pocket: If other ZIP codes in Jackson County have higher market rents and home values, then 54741 could be considered a value pocket. Landlords here might find it easier to attract tenants with Section 8 vouchers due to the lower cost of living.
Mid-Tier Neighborhood: If the market conditions in 54741 align closely with the county average, it would be a mid-tier neighborhood. There wouldn't be a significant advantage over other areas, but the higher FMR could still make it attractive for voucher holders.
Premium Sub-Market: If 54741 has lower market rents but higher home values or a significantly higher renter share than other ZIP codes, it might be a premium sub-market for Section 8 participation. This scenario would suggest that landlords could potentially command slightly higher rents than the market average, leveraging the higher FMR.

A careful analysis of these figures reveals that 54741 could be a sweet spot for Section 8 investments, given the disparity between the FMR and the market rent, alongside a notable renter share. This combination makes it a favorable location for landlords seeking to participate in the program.

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.