Location: Polk County, WI | Metro: Burnett 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 | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $263,213 | 0.38% | F |
| 3BR | $1,230 | $307,374 | 0.4% | F |
U.S. Census Bureau data (2024)
The ZIP code 54872, located in Siren, WI, has a population of 2,569 individuals. Among these residents, 18.5% are renters, indicating that it is not a heavily renter-dominated area. The median household income stands at $60,787, which provides a benchmark for assessing the affordability of housing.
A typical market rent of $730 in this area consumes approximately 14.5% of the median household income. This figure is derived by dividing the monthly rent by the annual median income and multiplying by 12. Given the Federal Market Rent (FMR) for the metro area is set at $1,000 for FY 2026, the actual market rent of $730 is significantly below this threshold, suggesting that there is a potential gap between the available rental units and those eligible for higher voucher amounts.
The lower percentage of renters and the disparity between the FMR and the actual market rent indicate that while there is some demand for rental properties, it is not exceptionally high. Landlords in this area can expect tenants who are likely to be reliant on Section 8 vouchers due to the relatively low market rent compared to the FMR. These tenants will generally have their rent subsidized, with the difference between the voucher amount and the actual rent paid by the government.
To summarize, landlords in ZIP 54872 should anticipate a moderate demand for rental properties, with tenants primarily seeking affordable housing options that align with the $730 market rent. These tenants will likely be beneficiaries of the Section 8 program, using vouchers to cover part or all of their rent. While the income level suggests that housing is generally affordable, the lower-than-average rent in comparison to the FMR indicates a specific niche for properties that cater to voucher holders.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.