Location: Fond du Lac, WI | Metro: Fond du Lac, 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 | $830 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,520 |
| 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 |
|---|---|---|---|---|
| 3BR | $1,520 | $296,180 | 0.51% | F |
| 4BR | $1,690 | $340,379 | 0.5% | F |
U.S. Census Bureau data (2024)
The ZIP code 54974 stands out with its unique demographic and economic characteristics. With only 1,415 residents, it has a relatively low population density. Only 7.7% of these residents rent their homes, indicating a predominantly owner-occupied community. The median income for residents is $97,222, which suggests a higher standard of living compared to many other areas. Additionally, the median home value in this ZIP is $314,628, reflecting a stable housing market where property values are well above average.
When it comes to Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 54974 in fiscal year 2024 is set at $910. This figure is slightly below the market rate of $921, based on Census ACS data. Landlords and small-portfolio investors should note that while there is a slight discrepancy between the FMR and the actual market rent, it does not significantly impact the overall attractiveness of the area for voucher holders. Given the higher median income and median home value, the demand for rental properties that accept vouchers may be lower, but the stability of the area ensures a consistent tenant pool.
Based on the data signature, ZIP 54974 can be characterized as "stable." The high median income and home values indicate a strong local economy and a community that is likely resistant to significant fluctuations. While the percentage of renters is low, the overall economic health of the area supports a steady demand for rental units. For those considering entering the rental market in this ZIP code, the slightly lower FMR compared to the market rate means that they might need to adjust their expectations for rental income, but the stability of the area provides a solid foundation for long-term investment.
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.