Location: Oshkosh-Neenah, WI | Metro: Fond du Lac, WI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
U.S. Census Bureau data (2024)
The ZIP code 54964 stands out due to its unique demographic and economic characteristics. With a population of 974 residents, only 9.8% are renters, indicating a predominantly owner-occupied community. The median household income in this area is $82,857, which is relatively high, suggesting that most residents have stable financial situations. Additionally, the median home value is $341,518, reflecting a robust housing market.
From a Section 8 perspective, the Federal Market Rent (FMR) for ZIP 54964 in fiscal year 2024 is set at $1230. This figure contrasts sharply with the actual market rent, which is recorded at $979 according to the Census Bureau's American Community Survey (ACS). This discrepancy means that landlords participating in the Section 8 program can potentially receive higher rental payments compared to the local market rates, making it an attractive option despite the low percentage of renters in the area.
The data signature for ZIP 54964 reads as "stable." The high median income and median home values suggest that the community has a strong foundation and is likely to remain financially secure. However, the low percentage of renters indicates that there might be limited demand for rental properties, including those using Section 8 vouchers. Landlords should consider these factors when deciding to participate in the Section 8 program in this ZIP code.
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.