Section 8 Fair Market Rent (FMR) for ZIP 54984 - 2027

Location: Waushara County, WI | Metro: Portage County, WI

Investment Score for ZIP 54984

Monthly Rent (2BR)

$1,080

Median Price (2BR)

$270,660

1% Rule

0.4%

Annual Yield

4.79%

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	$780
1 Bedroom	$830
2 Bedrooms	$1,080
3 Bedrooms	$1,390
4 Bedrooms	$1,610
5 Bedrooms	$1,868
6 Bedrooms	$2,092
7 Bedrooms	$2,259
8 Bedrooms	$2,372

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
2BR	$1,080	$270,660	0.4%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,394

Median Household Income

$64,120

Housing Units

2,622

Renter Percentage

23.6%

Occupancy Rate

60.1%

Renter Occupied

371

The ZIP code 54984, encompassing Wild Rose, WI, presents a unique blend of rural charm and steady economic conditions. Nestled in the heart of Wisconsin's dairy country, it offers a tranquil setting for residents while providing a stable investment opportunity for landlords and small-portfolio investors.

Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,040. This figure serves as a benchmark for rental rates in the area, indicating a reasonable upper limit for rent pricing.
The market rent for a similar unit, according to the Census ACS, is $854. This suggests that actual rents are below the FMR, leaving room for slight increases without alienating tenants.
The median home value stands at $302,908. This price point reflects a moderate real estate market, suitable for both owner-occupiers and landlords looking to enter the housing market.
Renters make up 23.6% of the local population. While not a majority, this indicates a consistent demand for rental properties, supporting the viability of rental investments.
Median income in the area is $64,120. This level of income supports a modest rental market, ensuring that there is a steady pool of potential tenants who can afford the current and projected rent levels.

The data points indicate that Wild Rose, WI, is a stable market for rental properties, with actual rents currently below the FMR. The median income supports current rental rates, and while the renter share is not high, it ensures a reliable tenant base. Investors should consider these factors when setting rent prices and evaluating property values, aiming to balance affordability with profitability. The median home value also suggests a moderate cost of entry for those interested in purchasing properties for rental purposes.

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.