Section 8 Fair Market Rent (FMR) for ZIP 54968 - 2027

Investment Score for ZIP 54968

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$730
1 Bedroom	$780
2 Bedrooms	$1,010
3 Bedrooms	$1,220
4 Bedrooms	$1,340
5 Bedrooms	$1,554
6 Bedrooms	$1,740
7 Bedrooms	$1,879
8 Bedrooms	$1,973

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,220	$286,912	0.43%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Based on the provided data, ZIP code 54968 in Marquette County, WI, is best suited as a **cash-flow anchor** within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, which is significantly higher than the current market rent of $778. This creates a positive spread of $192 per unit, ensuring that landlords can maintain a steady cash flow even if market conditions fluctuate.

The median home value in ZIP 54968 is $241,464, indicating that the area is relatively affordable. This affordability can attract a stable tenant base, particularly those who qualify for Section 8 assistance. The median income of $65,758 suggests that there is a reasonable demand for subsidized housing.

A cash-flow anchor is crucial in any real estate investment portfolio because it provides consistent income. Given the FMR rate of $970 and the current market rent of $778, landlords can expect to receive a higher rental income from properties leased under the Section 8 program, thereby securing a reliable source of cash flow.

The area's 18.5% renter share indicates a moderate level of renters, but this does not detract from its suitability as a cash-flow anchor. While appreciation plays might offer higher returns over time, they come with increased risk due to market volatility. In contrast, ZIP 54968 offers a more predictable income stream, making it an ideal choice for landlords and small-portfolio investors seeking stability and long-term financial security.

In summary, ZIP 54968 is well-suited to serve as a cash-flow anchor in a Section 8 portfolio strategy. Its favorable spread between the FMR and market rent ensures steady income, while its median home value and median income support a stable tenant base. Landlords should focus on leveraging this spread to maximize their financial gains.

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.