Location: Barron County, WI | Metro: Barron County, WI
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 | $740 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,310 | $233,419 | 0.56% | F |
U.S. Census Bureau data (2024)
A skeptical investor might question whether the Fair Market Rent (FMR) of $970 for ZIP 54812 in fiscal year 2026 can cover the mortgage on a home priced at $220,294. To address this, consider current mortgage rates. At an average rate of 5%, the monthly mortgage payment on a $220,294 home would be approximately $1,212. This does not fully cover the FMR, indicating that additional income sources or a higher rent premium may be necessary.
The investor could also point out that the rental market share stands at 23.7%. This figure suggests moderate demand but leaves room for improvement. However, the median home price in ZIP 54812 is lower than the $220,294 example, with some properties listed around $30,000 to $133,600. Lower-priced homes could attract more renters, especially those relying on government assistance.
Another concern is whether housing vouchers will keep pace with market rents of $923. The data does not provide a direct comparison between voucher amounts and market rents for ZIP 54812. However, it is worth noting that the voucher system aims to cover a significant portion of rent, often up to 30% of the FMR. Given the FMR is slightly above market rents, vouchers should help bridge the gap for eligible tenants.
In summary, while the FMR of $970 does not fully cover the mortgage on a $220,294 home, the rental market share indicates potential for moderate demand. Lower-priced homes could attract more renters. Vouchers are expected to support eligible tenants, though specific figures for ZIP 54812 are not available. These points should be considered when evaluating investment opportunities in ZIP 54812.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.