Location: Green Lake County, WI | Metro: Green Lake County, WI
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 | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,220 | $458,138 | 0.27% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 54941 in the fiscal year 2026 is set at $970. This figure represents the payment standard for Section 8 housing vouchers, meaning that if you participate in the program, you will receive this amount per month from the government for each voucher tenant. It's important to note that this is not the rent your tenants will pay; rather, it's the maximum amount the government will contribute toward the rent.
In comparison, the average rent in ZIP 54941, based on Census ACS data, is $742. This indicates that the FMR is higher than the typical market rate, which can be beneficial for landlords who want to ensure they receive a fair compensation for their properties.
The 25.4% renter share in this area suggests there is a moderate demand for rental properties. While not extremely high, it does indicate that there are enough renters to potentially fill a Section 8 property. Additionally, the median home value in the area is around $459,636, which can influence the type of property you might consider acquiring for this purpose. Given this median home value, a landlord should be prepared to invest a significant amount into a property that could be rented through the Section 8 program.
Before committing to a Section 8 rental property, it is crucial to verify that the property meets all the required standards set by the Department of Housing and Urban Development (HUD). These standards include health and safety inspections to ensure that the property is up to code. Failure to meet these standards can result in penalties or disqualification from the program, so ensuring compliance is key to successfully participating in the Section 8 program.
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.