Location: Waushara County, WI | Metro: Oshkosh-Neenah, 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 | $930 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,640 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,220 | $244,680 | 0.5% | F |
| 3BR | $1,640 | $318,443 | 0.52% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 54963, Omro, Wisconsin, for fiscal year 2024 is set at $1120. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program. It does not dictate the rent you can charge your tenants but sets an upper limit on what the government will pay towards the housing subsidy.
In comparison, the average rent for the area, according to Census American Community Survey data, is $913. This means that while the FMR is higher, landlords should be aware that the actual market rent is lower, which could affect the number of potential tenants interested in your property.
With a 17.2% share of renters in the area, there is a moderate demand for rental properties. However, the Section 8 program can help stabilize occupancy rates by providing reliable income through subsidies.
The median home value in ZIP 54963 is around $279,171. This figure can serve as a benchmark for understanding the typical acquisition cost of a property in the area. If you're looking to purchase a property for Section 8, ensure it's priced below this amount to maintain a healthy profit margin after accounting for maintenance costs and other expenses.
Before committing to a Section 8 rental property, it is crucial to verify that the property meets all the necessary inspection criteria. The Housing Quality Standards (HQS) must be satisfied to ensure the property is safe, decent, and sanitary for tenants. Failure to meet these standards can result in penalties or loss of subsidy payments.
To summarize, the FMR of $1120 provides a guideline for the maximum subsidy payment, while the local average rent of $913 reflects the market conditions. With a 17.2% renter share, there is demand for rental properties, and the median home value of $279,171 offers insight into acquisition costs. Ensure your property meets HQS to avoid any issues with the 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.