Section 8 Fair Market Rent (FMR) for ZIP 54772 - 2027

Location: Dunn County, WI | Metro: Dunn County, WI

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$790
1 Bedroom	$800
2 Bedrooms	$1,010
3 Bedrooms	$1,380
4 Bedrooms	$1,700
5 Bedrooms	$1,972
6 Bedrooms	$2,209
7 Bedrooms	$2,386
8 Bedrooms	$2,505

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,164

Median Household Income

$88,750

Housing Units

495

Renter Percentage

12.2%

Occupancy Rate

86.3%

Renter Occupied

To determine if you should buy in ZIP code 54772 for Section 8 investment, follow these steps:

Step 1: Calculate if the Fair Market Rent (FMR) of $1,000 can cover the debt service on a property valued at $309,205. The average monthly mortgage payment for a $309,205 property, assuming a 30-year fixed-rate mortgage at 4%, would be approximately $1,480. Since the FMR of $1,000 does not exceed this amount, the answer to the first question is No. The FMR is insufficient to clear the debt service on such a property.

If you were to proceed despite this, move to the next step:

Step 2: Compare the market rent of $900 (based on Census ACS data) to the FMR. In this case, the market rent is below the FMR. This suggests that the rental market in ZIP 54772 is less favorable compared to what Section 8 might offer. However, it's important to note that the difference between market rent and FMR is only $100, which is relatively small. This could still make Section 8 a viable option depending on other factors.

Step 3: Evaluate the demand. ZIP 54772 has 12.2% of its population as renters, but the days on market (DOM) is listed as N/A. Without specific DOM data, it's challenging to assess how quickly properties are rented out. However, the percentage of renters indicates a moderate level of demand. Given that the FMR does not cover the debt service and market rents are lower, the viability of Section 8 in this area hinges heavily on the speed at which properties can be leased and the stability of tenant occupancy.

If you find that properties are typically leased quickly and there is a stable demand for Section 8 tenants, then the answer is It Depends. The investment could still be worthwhile if you can manage to keep costs low and leverage other benefits of Section 8 tenancy, such as government subsidies and rent guarantees.
Otherwise, the answer remains No. The financials do not support a strong case for buying into this ZIP code for Section 8 purposes.

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.