Location: Oshkosh-Neenah, WI | Metro: Appleton, WI MSA
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 | $900 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,610 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,190 | $215,246 | 0.55% | F |
| 3BR | $1,610 | $278,512 | 0.58% | F |
| 4BR | $1,690 | $307,172 | 0.55% | F |
| 5BR | $1,960 | $341,233 | 0.57% | F |
U.S. Census Bureau data (2024)
33.6% of the residents in ZIP code 54952 (, WI) are renters, indicating a moderate demand for rental properties. The Fair Market Rent (FMR) for the area, set at $990 for zip FY 2024, is significantly lower than the market rent of $1,136, as measured by the Zillow Rent Index (ZORI). This gap suggests that landlords could potentially benefit from participating in the Section 8 program, where they can receive guaranteed rent payments at a rate that, while below market, is still substantial.
The median home value in the region stands at $277,314, which provides a solid base for property investment. However, the median income of $69,196 might pose challenges for some potential tenants to afford market rents, further emphasizing the appeal of Section 8 contracts for landlords. Despite the median income being relatively low, it's important to note that the FMR is still within reach for many households, making the area attractive for both tenants and landlords.
With an N/A-day Days on Market (DOM), it appears that rental listings in 54952 are either quickly leased or the data is not available, which could indicate a stable rental market. Additionally, the price-cut share of 0.1% shows that rental properties are generally priced correctly, reducing the need for significant adjustments once listed. These factors combined suggest a well-functioning rental market where landlords can expect steady occupancy rates without frequent rent reductions.
In conclusion, the combination of a moderate renter population, a fair FMR that aligns with the local economy, and a stable rental market makes ZIP code 54952 a viable option for Section 8 participation. Landlords can secure long-term, stable tenancies while receiving government-backed rent payments that, although lower than the market rate, remain competitive at $990 per month. Verdict: Suitable for Section 8 investments.
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.