Location: Oshkosh-Neenah, WI | Metro: Oshkosh-Neenah, WI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
U.S. Census Bureau data (2024)
The investment risk assessment for ZIP code 54985 in relation to Section 8 housing presents several challenges that landlords and small-portfolio investors must consider. Firstly, tenant turnover is a significant concern when comparing the market rent, which is currently unavailable, to the Fair Market Rent (FMR) of $1010 for fiscal year 2024. This disparity can lead to frequent changes in occupancy, which may impact the stability of rental income.
Vacancy exposure is another critical issue, especially given the lack of data on the number of days on market (DOM). Without this information, it's difficult to gauge how long properties might remain unoccupied, leading to potential financial strain until a new tenant is found. Additionally, the absence of typical home values and median income figures makes it challenging to assess the likelihood of deferred maintenance issues, which can be costly to address and may reduce the overall appeal of the property to potential tenants.
Despite these risks, the high concentration of renters in the area, represented by the unspecified percentage of the renter share, suggests a robust demand for housing vouchers. This demand can be a stabilizing factor for landlords, as it ensures a consistent pool of qualified tenants who are willing and able to pay the stipulated amount through their vouchers. However, it's important to note that voucher administration requires adherence to specific regulations and timelines, which can add complexity to the management process.
In conclusion, based on the available data, the risk for a first-time Section 8 landlord in ZIP code 54985 is moderate. While there are significant unknowns regarding market conditions and financial metrics, the strong renter base provides a counterbalance to some of the inherent risks associated with Section 8 investments.
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.