Location: Waupaca County, WI | Metro: Appleton, WI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
U.S. Census Bureau data (2024)
The ZIP code 54922 stands out due to its unique mix of demographic and economic characteristics. With a population of 1,101 residents, it has a rental rate of 18.4%, indicating that a relatively small portion of the housing stock is rented out. The median income for the area is $76,350, which is above the national average, suggesting a middle-class community. However, the median home value of $254,128 is lower compared to many other regions, possibly reflecting a smaller market or more affordable housing options.
Moving into the specifics of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 54922 in fiscal year 2024 is set at $1,080. This is slightly higher than the market rent of $1,044, based on Census ACS data. This indicates that landlords participating in the Section 8 program can expect a modest premium over the typical market rates, making the ZIP code an attractive option for those who wish to receive stable rental income through government subsidies.
The data signature for ZIP 54922 suggests a stable environment. The slight increase in FMR over market rent, combined with a moderate rental rate and a decent median income, points towards a community where housing demand is steady but not overly aggressive. For small-portfolio investors, this stability can be advantageous as it reduces the risk of sudden market shifts that could affect rental income. Additionally, the relatively low median home value provides an opportunity to invest in properties that may appreciate in value over time, especially if the area continues to attract tenants looking for affordable housing options.
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.