Section 8 Fair Market Rent (FMR) for ZIP 54928 - 2027
Location: Shawano County, WI | Metro: Shawano County, WI
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $820 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$73,355
To determine if a landlord should invest in ZIP code 54928 for Section 8 properties, follow these decision points:
- Does the Fair Market Rent (FMR) of $1,020 cover the debt service on a property?
- If Yes: Proceed to the next question.
- If No: Do not purchase a property in this area for Section 8 purposes. The FMR does not sufficiently cover the costs associated with owning a rental property.
- Is the market rent above, at, or below the FMR of $1,020?
- If Above: The area may be too expensive for Section 8 tenants, leading to low occupancy rates. This would make it challenging to find tenants willing to pay the market rate with Section 8 subsidies.
- If At or Below: Continue to the next evaluation point. This suggests that the market conditions align well with what Section 8 can offer.
- Are there enough potential renters and a reasonable number of days on the market (DOM)?
- If Yes: With 5.3% of the population being renters and an average DOM of N/A days, the demand for rentals appears to be sufficient. However, the exact DOM figure is needed to make a definitive judgment.
- If No: The demand for rentals is insufficient. Given only 5.3% of the population are renters, there may not be enough tenants interested in Section 8 housing. Additionally, a high DOM indicates difficulty in leasing out units, which could lead to prolonged vacancy periods.
The final decision will depend on the specific financials of the property in question and the exact DOM figure. If the debt service is covered by the FMR, the market rent is at or below the FMR, and there is a reasonable DOM indicating sufficient demand, then purchasing a property in ZIP 54928 for Section 8 is feasible. Otherwise, it is not advisable.
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.