Location: Waupaca County, WI | Metro: Shawano County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 54950, located in Waupaca County, WI, reveals a favorable environment for those seeking stable rental income. The HUD Fair Market Rent (FMR) for the area is set at $970 per month for the fiscal year 2026, which is notably higher than the average market rent of $754 as reported by the Census ACS. This discrepancy means that voucher tenants can cashflow at FMR levels, providing a significant advantage over market-rate tenants.
To further understand the investment potential, consider the median home value in the area, which stands at $241,942. By comparing this figure with the HUD FMR, we can calculate a rent-to-price ratio. A property priced at $241,942 would yield a monthly rent of approximately $1,008 based on the typical rent-to-price ratio of 0.5%, indicating that even at the HUD FMR of $970, properties in this ZIP code offer strong cashflow opportunities.
The dynamics between renting and buying in this market are also worth noting. With a median Days on Market (DOM) of N/A and a price-cut share of N/A%, it suggests that the housing market is relatively stable, without significant pressure from distressed sales or long-term listings. This stability supports the predictability of rental income, as there isn't a high risk of competing with short-term sales or drastic price reductions.
In conclusion, the strongest investor angle in ZIP 54950 is cashflow, given the substantial difference between the HUD FMR and the actual market rent, coupled with the stable housing market conditions that ensure consistent demand for rental properties. This makes it an attractive area for both landlords and small-portfolio investors looking to maximize their returns through Section 8 participation.
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.