Section 8 Fair Market Rent (FMR) for ZIP 54827 - 2027

Location: Bayfield County, WI | Metro: Bayfield County, WI

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$730
1 Bedroom	$800
2 Bedrooms	$1,040
3 Bedrooms	$1,360
4 Bedrooms	$1,370
5 Bedrooms	$1,589
6 Bedrooms	$1,780
7 Bedrooms	$1,922
8 Bedrooms	$2,018

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

300

Median Household Income

$90,000

Housing Units

488

Renter Percentage

N/A

Occupancy Rate

34.0%

Renter Occupied

ZIP code 54827 is situated in a suburban area that offers a blend of rural charm and urban convenience. The region is characterized by its stable housing market and relatively low vacancy rates, making it an attractive location for both residential living and investment opportunities.

The Fair Market Rent (FMR) for the area is set at $970 for the fiscal year 2026, indicating the government's benchmark for rental affordability in the region.
The market rent for ZIP 54827 is currently not available, suggesting a lack of comprehensive data on private rental rates within the area.
The median home value stands at $290,405, reflecting the typical price range for homeownership in this ZIP code.
Renters make up only 0.0% of the population, highlighting a strong preference for homeownership over renting among residents.
The Days on Market (DOM) for properties in this ZIP code is not available, which could imply either a robust sales process or a limited number of transactions.
The median household income is $90,000, underscoring a middle-class demographic with a solid financial base.

Given the data points above, investors should note the high median home values and the strong preference for homeownership over renting, which suggests that the area might be better suited for those looking to invest in home ownership opportunities rather than rental properties. The absence of specific market rent and DOM data points to a need for further investigation into the local real estate trends before committing to investment decisions. However, the substantial median income indicates a financially secure population, which could support property appreciation over time.

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.