Location: Fond du Lac, WI | Metro: Fond du Lac, WI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
U.S. Census Bureau data (2024)
The rent math in ZIP code 54932, located in the Fond du Lac, WI MSA metro area, does not work in favor of landlords. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1010, which is lower than the market rent reported by the Census ACS at $1,042. This discrepancy means that landlords relying on Section 8 vouchers will be receiving less rent than what the market demands.
Acquisition in this ZIP code is relatively affordable. With a median home value of $344,881, purchasing property here is within reach for many investors. However, the lack of data on days on market (DOM) and the percentage of homes that required price cuts suggests that the local real estate market might not be as active or competitive as in other areas. This could imply that homes take longer to sell or that sellers often need to negotiate prices to attract buyers.
Tenant demand in ZIP 54932 is limited. The total population is only 1,218, and the renter share is just 3.9%. This low number of potential tenants indicates that finding qualified Section 8 tenants could be challenging. Additionally, the small size of the overall rental market means that there may be fewer opportunities for landlords to fill vacancies quickly or to turn over properties efficiently.
Verdict: While the median home value makes acquisition in ZIP 54932 affordable, the unfavorable rent math and limited tenant demand present significant challenges for landlords and small-portfolio investors. The lower FMR compared to market rent reduces potential income, and the small population and low renter share suggest difficulties in attracting and retaining tenants. Therefore, investing in this ZIP code would likely result in lower returns and higher vacancy risks.
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.