Section 8 Fair Market Rent (FMR) for ZIP 54875 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Based on the available data, ZIP 54875 in Washburn County, WI, serves as a strong cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, while the median market rent is estimated at $792. This creates a favorable spread of $178 per unit, allowing landlords to potentially cover operational costs and generate positive cash flow. The median home value in ZIP 54875 stands at $252,652, indicating that property values are relatively stable. Given the significant difference between the FMR and the actual market rent, landlords can confidently rely on Section 8 vouchers to ensure steady income from their properties. This makes the ZIP code an attractive option for those seeking reliable cash flow within their investment portfolios. While there is limited data regarding appreciation potential and price-cut shares, the consistent spread between FMR and market rent suggests that appreciation plays might not be the primary focus in this area. Instead, the emphasis should be on maintaining a solid cash flow through the stability provided by Section 8 programs. Furthermore, with a 11.9% renter share and a median income of $57,022, the ZIP code supports a healthy demand for affordable housing. This demographic ensures a steady pool of potential tenants who qualify for Section 8 assistance, reducing the risk of vacancy and ensuring a reliable source of rental income. In conclusion, ZIP 54875 is best suited as a cash-flow anchor in a Section 8 portfolio strategy due to the favorable spread between FMR and market rent, stable property values, and a supportive demographic environment. Landlords can expect to generate positive cash flow while minimizing the risks associated with fluctuating market conditions.

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.