Section 8 Fair Market Rent (FMR) for ZIP 54853 - 2027

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

Investment Score for ZIP 54853

Monthly Rent (2BR)

$1,030

Median Price (2BR)

$291,749

1% Rule

0.35%

Annual Yield

4.24%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$720
1 Bedroom	$790
2 Bedrooms	$1,030
3 Bedrooms	$1,320
4 Bedrooms	$1,570
5 Bedrooms	$1,821
6 Bedrooms	$2,040
7 Bedrooms	$2,203
8 Bedrooms	$2,313

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,030	$291,749	0.35%	F
3BR	$1,320	$356,495	0.37%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,506

Median Household Income

$75,000

Housing Units

2,458

Renter Percentage

16.4%

Occupancy Rate

63.3%

Renter Occupied

255

Luck, WI, located in the heart of Wisconsin's dairy country, is a small rural community that offers unique opportunities for real estate investors interested in the Section 8 housing market. The area is characterized by its agricultural landscape and close-knit community, making it an attractive option for those seeking a stable investment environment.

The Fair Market Rent (FMR) for a two-bedroom apartment in the Luck metro area for fiscal year 2026 is set at $1,010. This figure represents the maximum amount that a landlord can charge for a rental unit under the Section 8 program.
The market rent for a typical two-bedroom apartment in Luck, according to Census ACS data, stands at $850. This suggests that there is a potential gap between what landlords can charge under Section 8 and the actual market rates, providing a margin for profit.
The median home value in Luck is $314,651. This indicates a relatively affordable market for property acquisition, especially when compared to larger urban areas.
Renters make up 16.4% of the local population, which is lower than the national average but still significant enough to support a niche rental market.
The median household income in Luck is $75,000, suggesting a moderate economic base that supports both homeownership and rental markets.

Investors looking to enter the Section 8 market in Luck, WI, should focus on properties that align with the FMR guidelines while also considering the slightly lower market rents. With a median home value of $314,651, the area presents a good opportunity for acquiring properties at reasonable prices. Although the renter share is modest at 16.4%, the combination of stable income levels and a supportive government program makes Luck a viable location for small-portfolio investors. Landlords can expect steady demand from tenants who benefit from the Section 8 program, ensuring a predictable cash flow. However, the limited number of days on the market (DOM) data suggests that there may be challenges in quickly renting out properties, requiring landlords to maintain competitive pricing and quality standards.

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.