Section 8 Fair Market Rent (FMR) for ZIP 54835 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The ZIP code 54835 is situated in a region that offers a blend of rural charm and accessibility to urban amenities, making it an attractive area for both residents and investors. The local economy is robust, supported by a mix of agricultural and service sector jobs, which contributes to a steady demand for rental properties.

• Fair Market Rent (FMR) for a 2-bedroom apartment in the metro area for fiscal year 2026 is set at $970. This figure provides a benchmark for rental pricing in the area, indicating a moderate cost that reflects the balance between affordability and living standards.
• The average market rent for the area, based on Census ACS data, stands at $581 per month. This suggests that there is room for price adjustments, potentially allowing landlords to increase rents closer to the FMR without losing tenants.
• The median home value in ZIP 54835 is $200,252. This relatively low median value can be advantageous for investors looking to purchase properties at a lower initial investment cost while still maintaining potential for appreciation.
• Renters make up 18.2% of the housing market in this ZIP code. While this percentage indicates that homeownership is predominant, the consistent rental demand supports the viability of rental investments in the area.
• The median income for residents is $54,583 per year. This income level aligns well with the average rental costs, suggesting that the majority of renters can afford the current and projected rents.
• The number of days on market (DOM) is not available. However, the combination of steady rental demand and reasonable rental prices implies that properties in this area are likely to sell or rent quickly once listed.

Investors should take note of the favorable economic indicators in ZIP 54835. With a median income that comfortably supports the average market rent and a projected FMR that leaves room for growth, this area presents a stable investment opportunity. The relatively low median home value also makes it accessible for new investors to enter the market, while the strong local economy ensures a steady stream of potential tenants. Although the exact DOM figure is missing, the other metrics suggest a dynamic and responsive real estate market that benefits both landlords and small-portfolio investors.

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.