Location: Sawyer County, WI | Metro: Sawyer County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 54867 in metro FY 2026 is set at $970. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, which means that if you choose to participate in this program, your rental income will be capped at this amount per unit. It's important to note that this is not the rent you can charge your tenants; it's the maximum reimbursement rate paid by the government.
To put this into perspective, the average rent in ZIP 54867, according to the Census American Community Survey (ACS), is $725. This suggests that the FMR is higher than the typical market rate, potentially providing a financial cushion for landlords who are willing to meet the requirements of the Section 8 program.
The renter share in this area is 8.0%, indicating a moderate demand for rental properties. While this percentage may seem low, it translates to a significant number of potential tenants given the population size. The lack of data on acquisition costs (N/A) means that purchasing property in this area might be challenging to assess purely based on current market trends. However, focusing on the operational aspects such as maintenance and management can provide a clearer picture of profitability.
Before deciding to enter the Section 8 market in ZIP 54867, verify that your property meets all the necessary inspection criteria. This includes passing a Housing Quality Standards (HQS) inspection, which ensures that the unit is safe, decent, and sanitary. Meeting these standards is crucial as it directly impacts your ability to secure a tenant through the program.
Participating in Section 8 can offer a stable source of income, particularly if you're willing to maintain your property to HQS standards. With the FMR being higher than the local average rent, there is an opportunity to manage costs effectively and still achieve a reasonable profit margin.
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.