Location: Dunn County, WI | Metro: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
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 | $1,120 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,540 |
| 3 Bedrooms | $2,040 |
| 4 Bedrooms | $2,280 |
| 5 Bedrooms | $2,645 |
| 6 Bedrooms | $2,962 |
| 7 Bedrooms | $3,199 |
| 8 Bedrooms | $3,359 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,540 | $244,145 | 0.63% | D |
| 3BR | $2,040 | $305,242 | 0.67% | D |
| 4BR | $2,280 | $358,342 | 0.64% | D |
| 5BR | $2,645 | $328,163 | 0.81% | C |
U.S. Census Bureau data (2024)
The ZIP code 54751, located in Menomonie, WI, stands out within Dunn County due to its unique demographic and economic characteristics. With a population of 26,193 residents, it has a notable rental rate of 42.5%, indicating a significant portion of the community lives in rented properties. The median income in this area is $72,028, which places it above the national average, while the median home value of $300,368 suggests a relatively stable housing market.
In terms of Section 8 economics, the Fair Market Rent (FMR) for ZIP 54751 is set at $1,420 for fiscal year 2024, whereas the market rent, measured by ZORI (Zillow's Observed Rental Index), is $1,182. This indicates that landlords participating in the Section 8 program can expect a higher rental rate compared to the local market, providing an incentive to join the program. The gap between the FMR and the ZORI suggests a potential opportunity for landlords to receive a subsidy that exceeds the typical market rent, making the ZIP code attractive for those seeking to benefit from government assistance programs.
Based on the provided data, ZIP 54751 appears to be a stable area. The high median income and median home value indicate a financially secure community, while the substantial rental percentage signals a steady demand for rental properties. This combination supports a consistent environment for both landlords and tenants, making it a reliable choice for small-portfolio investors looking to engage in the Section 8 program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.