Location: Oshkosh-Neenah, WI | Metro: Oshkosh-Neenah, WI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 54980 presents a unique snapshot of the rental market, characterized by its Federal Market Rent (FMR) set at $1130 for the fiscal year 2024. This figure serves as a benchmark for rental costs within the area, established by the U.S. Department of Housing and Urban Development (HUD) for determining eligibility and payment standards under the Section 8 Housing Choice Voucher program.
A notable absence in the data pertains to the market rent, which is currently listed as N/A. This suggests that there may be limited recent data available on the actual rents being charged in the area, possibly due to low activity or an underdeveloped rental sector. The lack of information on the percentage of properties offered at a price cut and the days on market (DOM) further indicates a market with sparse transactional data, making it difficult to assess the urgency of property turnover or the flexibility of landlords in adjusting their rental prices to meet market demands.
The median home value also stands at N/A, implying that there might be insufficient sales data to provide a reliable average. This could suggest a relatively static housing market with fewer transactions taking place, potentially due to a variety of factors including the local economy, population stability, or the nature of the housing stock.
A striking feature of ZIP 54980 is the reported 0.0% renter share, which is unusually low. This statistic reveals that the vast majority of households in the area are homeowners rather than renters. Such a high homeowner ratio can indicate several underlying dynamics: a preference for long-term investment in property over renting, a potential shortage of rental units, or economic conditions that favor homeownership. Importantly, it also suggests that any increase in rental demand could face significant resistance due to the already established pattern of homeownership, leading to long-term housing pressures if the trend towards renting were to shift.
The interplay between these data points paints a picture of a market where supply likely meets or slightly exceeds demand, given the absence of competitive pricing strategies and the low renter share. However, the exact balance remains unclear without more detailed transactional data. Landlords and small-portfolio investors must navigate this environment carefully, considering the implications of a predominantly homeowner-driven community on future rental prospects and the potential for increased competition among renters as the market evolves.
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.