Location: Waushara County, WI | Metro: Adams County, WI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
The ZIP code 54966 has a population of 2,202 residents, with 14.7% identified as renters. The median household income stands at $67,143, which provides a foundational understanding of the economic landscape for potential Section 8 tenants.
With only 14.7% of the population classified as renters, it is evident that this area is not heavily populated with renters. This suggests that the demand for rental properties, particularly those utilizing Section 8 vouchers, may be limited compared to areas with higher percentages of renters. However, the presence of any renters means there is still a market for subsidized housing, albeit potentially smaller.
The typical market rent of $725 in this ZIP code represents approximately 10.8% of the median household income. This figure is calculated by dividing the rent by the median income and multiplying by 100. Given that the Fair Market Rent (FMR) for the metro area is set at $970 for fiscal year 2026, the current market rent is below the FMR, indicating that landlords may find some flexibility in pricing their units competitively while still remaining within the voucher limits.
A landlord in ZIP 54966 can expect a tenant profile that is likely to include individuals who are seeking affordable housing options. These tenants will be on fixed incomes, often derived from government assistance programs such as Section 8, and may have additional financial constraints that limit their ability to pay above the voucher limit. It's important for landlords to understand that these tenants will require the support of vouchers to cover their rent, given the relatively high cost of living compared to their income levels.
In summary, ZIP 54966 is not a renter-heavy area, but it still offers opportunities for landlords willing to accept Section 8 vouchers. The market rent is below the FMR, which could allow for some negotiation flexibility. Landlords should prepare for tenants who are reliant on government subsidies to afford housing and who will need to stay within the voucher guidelines to maintain affordability.
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.