Location: Oshkosh-Neenah, WI | Metro: Oshkosh-Neenah, WI MSA
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 | $910 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $930 | $159,996 | 0.58% | F |
| 2BR | $1,190 | $191,802 | 0.62% | D |
| 3BR | $1,600 | $237,487 | 0.67% | D |
| 4BR | $1,640 | $254,213 | 0.65% | D |
| 5BR | $1,902 | $250,031 | 0.76% | D |
U.S. Census Bureau data (2024)
ZIP 54901, located in Oshkosh, WI, within the Oshkosh-Neenah, WI MSA metro area, serves as a solid cash-flow anchor for a Section 8 portfolio strategy. The Federal Market Rent (FMR) for FY 2024 is set at $1010, while the market rent stands at $1,163, indicating a positive spread that benefits landlords participating in the program.
The median home value in this ZIP code is $222,229, which is relatively low compared to other metropolitan areas. This makes it an attractive location for investors looking to secure consistent rental income without the risk of high property values. The low median home value also suggests that the cost of acquiring properties in this area could be more manageable, allowing for a higher return on investment when leveraging the Section 8 program.
The 0.1% price-cut share and N/A-day Days on Market (DOM) indicate that the housing market in ZIP 54901 is stable, with minimal competition among sellers. This stability reduces the risk of significant fluctuations in rental rates and property values, making it a reliable cash flow generator.
With a 50.4% renter share and a median income of $61,794, there is a substantial demand for rental properties. However, these factors alone do not outweigh the strong cash flow potential offered by the spread between the FMR and market rent. The median income figure supports the feasibility of tenants qualifying for Section 8 assistance, ensuring a steady stream of qualified renters.
In conclusion, ZIP 54901 is best positioned as a cash-flow anchor within a Section 8 portfolio strategy due to its favorable FMR-market rent spread and stable housing market conditions. These elements provide landlords with predictable and reliable returns, crucial for maintaining a robust investment portfolio.
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.