Location: Oshkosh-Neenah, WI | Metro: Fond du Lac, WI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,070 |
| 5 Bedrooms | $2,401 |
| 6 Bedrooms | $2,689 |
| 7 Bedrooms | $2,904 |
| 8 Bedrooms | $3,049 |
U.S. Census Bureau data (2024)
The ZIP code 54979 is situated in a neighborhood characterized by a relatively small population of 2,037 residents, where only 16.2% of the inhabitants are renters. The area boasts a median household income of $109,868, indicating a generally affluent community. The median home value in this ZIP code stands at $351,566, further underscoring the financial status of the local residents.
From an investment perspective, the Federal Market Rent (FMR) for ZIP 54979 in fiscal year 2024 is set at $910. This figure contrasts sharply with the actual market rent, which according to the Census American Community Survey (ACS), averages $1,365 per month. This discrepancy presents a significant opportunity for hands-on investors who can manage properties efficiently to capture the difference between the FMR and market rates.
The environment is particularly suited for hands-on value-add buyers rather than hands-off voucher operators. Given the low percentage of renters and the high median income, landlords who actively improve their properties can command higher rents above the FMR, thereby maximizing profitability. For those considering a passive approach through Section 8 vouchers, the limited number of renters in the area means fewer potential tenants, which could lead to lower occupancy rates and reduced returns.
In summary, ZIP 54979 offers a niche market for investors willing to engage in property management and enhancement. The disparity between the FMR and market rent provides a clear incentive for those looking to add value to their investments. However, for those seeking a more passive investment strategy relying solely on government subsidies, the area's characteristics may not align favorably with their goals.
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.