Section 8 Fair Market Rent (FMR) for ZIP 54976 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 54976 in Unknown, WI presents several challenges for potential Section 8 landlords. One of the primary concerns is tenant turnover, which can be significantly higher when comparing the market rent to the Fair Market Rent (FMR) of $970 for FY 2026 in the metro area. This disparity may lead to frequent changes in occupancy, increasing administrative burdens and operational costs.

Vacancy exposure is another critical risk factor. With an unknown number of days on the market (DOM), it's difficult to predict how long properties might remain vacant. Extended vacancy periods can result in lost rental income and increased expenses related to property maintenance and management.

Deferred-maintenance exposure is also a concern. The lack of specific data regarding the typical home value and median income in the area makes it challenging to assess the financial capacity of tenants to cover maintenance costs. This uncertainty can lead to properties deteriorating faster than expected, requiring substantial investments from landlords to keep units habitable.

Despite these risks, the high density of renters in the area, indicated by an unknown percentage of the population being renters, suggests a strong demand for housing vouchers. High renter density typically correlates with higher demand for Section 8 vouchers, potentially stabilizing occupancy rates and ensuring a steady stream of qualified tenants.

Verdict: Moderate risk for a first-time Section 8 landlord.

Data Sources: FMR data from HUD (2027).

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.