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Portage County/Amherst Junction/54407

54407

ZIPSAFMR
Portage County, WI
Zillow

ZIP Investment Score

35Below average

095130300
BRFMR
Eff. Rent
0 BR$860$860
1 BR$950$950
2 BR$1,230$1,230
3 BR$1,470$1,470
4 BR$1,620$1,620
5 BR$1,863Not available
6 BR$2,142Not available
7 BR$2,464Not available
8 BR$2,833Not available

Purchase Price Calculator

Maximum purchase price
$120,861

Cost breakdown

+Likely effective rent$1,230
HUD FMRUsed$1,230
Market rentN/A
Est. payment standardN/A
-Principal and interest-$611
Loan amount$96,689
Down payment$24,172
Rate6.50%
Term30 years
-Operating costs-$419
Property taxes-$121
Insurance-$175
Utilities$0
HOA$0
Management-$123
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,957(82.6% ROI)
Projected value
$130,154
Return breakdown
Property appreciation+$9,293
Loan principal paid down+$3,464
Rental cash flow+$7,200
5-year hold
+$34,060(140.9% ROI)
Projected value
$136,743
Return breakdown
Property appreciation+$15,882
Loan principal paid down+$6,177
Rental cash flow+$12,000
10-year hold
+$72,571(300.2% ROI)
Projected value
$154,712
Return breakdown
Property appreciation+$33,851
Loan principal paid down+$14,720
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 54407 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 54407 (Amherst Junction, WI) is $1,230 a month. That is up 6.0% from $1,160 in FY 2026. Amherst Junction is in the Portage County, WI non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,077. Among 21 ZIP codes in Portage County, 54407 has the 2nd-highest two-bedroom rent (county range $1,010–$1,300). The median county two-bedroom FMR in Wisconsin is $1,041, so ZIP 54407 is 18% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 54407
BedroomsFY 2027Change90–110% range
Studio$860+7.5%$774–$946
1BR$950+6.7%$855–$1,045
2BR$1,230+6.0%$1,107–$1,353
3BR$1,470+5.8%$1,323–$1,617
4BR$1,620+5.2%$1,458–$1,782

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 54407
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$860$950$1,230$1,470$1,620
FY 2026$800$890$1,160$1,390$1,540
FY 2025$780$880$1,140$1,370$1,540
FY 2024area FMR$662$762$977$1,224$1,335
FY 2023area FMR$604$703$904$1,154$1,269

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Portage County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 54407
54406$1,030−16.3%
54407Current$1,230—
54423$1,010−17.9%
54443$1,040−15.4%
54454$1,010−17.9%
54455$1,300+5.7%
54458$1,010−17.9%
54467$1,210−1.6%
54473$1,040−15.4%
54475$1,010−17.9%
54481$1,070−13.0%
54482$1,170−4.9%

Questions about ZIP 54407 rents

How much will Section 8 pay for a two-bedroom in ZIP 54407?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,077, which applies unless the housing authority uses Small Area FMRs, that basic range is $969 to $1,185 a month; under the ZIP-level Small Area FMR of $1,230 it would be $1,107 to $1,353. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 54407 in?

ZIP 54407 is in the Portage County, WI non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,077.

How much did fair market rent change in ZIP 54407 for FY 2027?

The two-bedroom FMR rose 6.0%, from $1,160 in FY 2026 to $1,230 in FY 2027. Since FY 2025 it has risen 7.9%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentAmherst Junction, WI fair market rentWI statewide rentsWhat is SAFMR?Data sources