Location: Ashland County, WI | Metro: Ashland County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The ZIP code 54861 presents a unique challenge for both renters and landlords due to limited data on median income and market rates. However, we can still analyze the situation based on the available information.
A significant portion of the population—72.3%—are renters, indicating a high demand for rental properties. This ZIP code has a total population of 122, which suggests a small, tight-knit community where rental properties play a crucial role in housing availability.
Given the lack of specific median income and market rate figures, let's focus on the voucher payment standard. The Fair Market Rent (FMR) for this metro area in fiscal year 2026 is set at $1,020. This figure represents the maximum amount that a voucher holder can pay towards rent, based on the local rental market conditions.
The affordability gap becomes evident when comparing the FMR to potential market rates. If the market rate exceeds $1,020, it means that voucher holders would struggle to find suitable housing without additional financial support. This scenario could lead to increased competition among landlords who accept vouchers, as they will be vying for a smaller pool of tenants willing to pay the FMR.
For landlords considering their strategy, accepting vouchers can provide a steady stream of rental income, though it might be lower than market rates. Voucher acceptance requires adherence to certain regulations and could involve additional paperwork and administrative tasks. However, given the high percentage of renters and the small population size, securing tenants through voucher programs can be a reliable way to ensure occupancy.
The takeaway for landlords is that while market-rate rents might offer higher returns, the scarcity of data and the reliance on voucher programs suggest a strategic balance. Landlords should consider the stability and reliability of voucher income versus the risk of vacancies in a small market where competition is fierce. Offering a mix of voucher and market-rate options can help maximize occupancy and income potential.
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.