Section 8 Fair Market Rent (FMR) for ZIP 54801 - 2027

Location: Washburn County, WI | Metro: Burnett County, WI

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$780
2 Bedrooms	$1,010
3 Bedrooms	$1,210
4 Bedrooms	$1,360
5 Bedrooms	$1,578
6 Bedrooms	$1,767
7 Bedrooms	$1,908
8 Bedrooms	$2,003

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

6,266

Median Household Income

$62,625

Housing Units

4,848

Renter Percentage

23.8%

Occupancy Rate

59.1%

Renter Occupied

680

Housing Authorities Serving ZIP 54801

Spooner Housing Authority (Spooner, WI)
Burnett County Housing Authority (Webster, WI)
Grantsburg Housing Authority (Grantsburg, WI)
Housing Authority of the City of Shell Lake (Shell Lake, WI)

The ZIP code 54801, encompassing Trego, Wisconsin, is a small community that offers a stable rental market environment for landlords and small-portfolio investors. The area is characterized by its modest size and rural setting, which contributes to a predictable demand for housing.

Fair Market Rent (FMR): The FMR for ZIP 54801 is set at $970 per month for the fiscal year 2026, indicating the government's benchmark for what is considered a reasonable rental price in the area.
Market Rent: According to the Census American Community Survey (ACS), the average market rent for the area is $800 per month, suggesting that while rents may be slightly below the FMR, they remain competitive.
Median Home Value: The median home value in Trego, WI, stands at $292,552, providing a solid foundation for property investments and indicating the overall economic health of the area.
Renter Share: With a renter share of 23.8%, there is a notable portion of the population that relies on rental properties, ensuring a steady stream of potential tenants.
Days on Market (DOM): Unfortunately, the specific data for days on market for rental properties in ZIP 54801 is not available, which could provide insights into how quickly properties are rented out.
Median Income: The median household income in the area is $62,625, offering a glimpse into the financial capabilities of the local residents and their ability to afford rent.

The analysis of these data points reveals a balanced rental market in Trego, WI. Despite the lower market rent compared to the FMR, the median home value suggests a relatively strong economy that supports property values. The 23.8% renter share ensures a consistent demand for rental units. Although the days on market data is unavailable, the median income provides confidence in the tenants' ability to meet their rental obligations. For investors, this ZIP code presents a stable investment opportunity with moderate returns, aligning well with the broader economic conditions of the region.

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.