Location: Polk County, WI | Metro: Polk 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 | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,310 | $339,880 | 0.39% | F |
U.S. Census Bureau data (2024)
The ZIP code 54858 is primarily characterized by a modest rental market presence, with 26.3% of its population being renters. This indicates that while there is a significant number of tenants, the area is not dominated by renters. The median household income stands at $53,901, which provides a baseline for assessing the financial capabilities of potential tenants.
The market rent for properties in this ZIP code is $756, representing approximately 14% of the median household income. This percentage suggests that typical rent is relatively affordable for most residents, leaving a substantial portion of their income available for other expenses. However, when compared to the Fair Market Rent (FMR) of $1,000 for the metro area (FY 2026), it becomes evident that properties in ZIP 54858 are below the average cost in the broader region, indicating a lower-end rental market.
In terms of Section 8 voucher demand, the scarcity of vouchers relative to the FMR implies that landlords may face competition for these subsidies from higher-cost areas. Despite this, the lower market rent in ZIP 54858 makes it more accessible for voucher holders, potentially attracting those who are seeking more affordable housing options.
A landlord in this ZIP code should anticipate a tenant pool that includes individuals and families who are financially stable but may still require assistance with rent payments. These tenants are likely to be sensitive to cost and appreciate the affordability of the market rent. Given the income levels and the relatively low rent-to-income ratio, landlords can expect tenants who are capable of managing their finances responsibly and who may be interested in long-term tenancy due to the stability and affordability of the area.
To conclude, while ZIP 54858 is not heavily populated with renters, the existing rental market offers opportunities for landlords who can cater to tenants with limited budgets, particularly those utilizing Section 8 vouchers. The area's lower market rent aligns well with the local income levels, making it an attractive option for tenants seeking affordable housing.
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.