Location: Dunn County, WI | Metro: Dunn County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
The decision to invest in ZIP code 54765 (Unknown, WI) for Section 8 properties hinges on three key factors. Let's break down the analysis:
1. Does the Fair Market Rent (FMR) of $1,020 cover the debt service?
No specific property price is given, so we cannot calculate the exact debt service. However, if you know the property cost and can estimate the monthly mortgage payment, compare it to the FMR. If the FMR of $1,020 does not exceed your estimated monthly debt service, then investing in this ZIP code is not advisable.
2. Is the market rent above, at, or below the FMR?
The data indicates that the market rent is not available (N/A). To make an informed decision, you need to research the local rental market. If the market rent is significantly higher than the FMR, landlords might struggle to find tenants willing to pay the lower Section 8 rate. If it is close to or below the FMR, then there is a better chance of finding tenants.
3. Is there sufficient demand based on the percentage of renters and days on the market (DOM)?
The data shows that both the percentage of renters and the DOM are not available (N/A). To determine demand, look into the local housing market statistics. A high percentage of renters indicates strong demand, while a low DOM suggests quick turnover and thus a healthy market. Without these figures, it is impossible to assess demand accurately.
To summarize, the decision to buy in ZIP 54765 for Section 8 investment depends on whether the FMR covers the debt service, the relationship between market rent and FMR, and the strength of the rental demand. With incomplete data, especially regarding the market rent and demand indicators, a definitive recommendation cannot be made. Research the specific property and local market conditions to answer these questions.
Data Sources: FMR data from HUD (2027).
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.