Location: La Crosse-Onalaska, WI | Metro: La Crosse-Onalaska, WI-MN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
930 dollars is the Fair Market Rent (FMR) for ZIP code 55919 as of fiscal year 2024, indicating the maximum amount Section 8 tenants can be charged for a two-bedroom apartment. This figure stands in contrast to the market rent of 675 dollars, as reported by the Census Bureau's American Community Survey, which suggests that landlords could potentially charge higher rents under Section 8 guidelines compared to typical market rates. The median home value in this area is 341,763 dollars, reflecting a moderate housing market where investment properties can offer decent returns. With only 6.7 percent of the population being renters, the demand for rental units is relatively low, making it crucial for landlords to understand the local market dynamics to optimize their investments. The median income of 77,917 dollars provides insight into the financial capabilities of potential tenants, suggesting that many might find the market rent affordable but may require assistance to cover the FMR set by Section 8. Despite the lack of specific data on days on market (DOM) and the percentage of homes that have had their prices cut, the overall economic indicators suggest a stable environment for rental property management. In conclusion, given the disparity between the FMR and market rent, landlords in ZIP code 55919 should consider participating in the Section 8 program to ensure steady occupancy and income.
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.