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Polk County/Balsam Lake/54810

54810

ZIPSAFMR
Polk County, WI
Zillow

ZIP Investment Score

44Below average

095130300
BRFMR
Eff. Rent
0 BR$890$890
1 BR$980$980
2 BR$1,280$1,280
3 BR$1,640$1,640
4 BR$1,950$1,950
5 BR$2,243Not available
6 BR$2,579Not available
7 BR$2,966Not available
8 BR$3,411Not available

Purchase Price Calculator

Maximum purchase price
$128,291

Cost breakdown

+Likely effective rent$1,280
HUD FMRUsed$1,280
Market rentN/A
Est. payment standardN/A
-Principal and interest-$649
Loan amount$102,633
Down payment$25,658
Rate6.50%
Term30 years
-Operating costs-$431
Property taxes-$128
Insurance-$175
Utilities$0
HOA$0
Management-$128
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,741(80.8% ROI)
Projected value
$138,155
Return breakdown
Property appreciation+$9,864
Loan principal paid down+$3,677
Rental cash flow+$7,200
5-year hold
+$35,416(138.0% ROI)
Projected value
$145,149
Return breakdown
Property appreciation+$16,858
Loan principal paid down+$6,557
Rental cash flow+$12,000
10-year hold
+$75,557(294.5% ROI)
Projected value
$164,223
Return breakdown
Property appreciation+$35,932
Loan principal paid down+$15,625
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 54810 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 54810 (Balsam Lake, WI) is $1,280 a month. That is up 0.8% from $1,270 in FY 2026. Balsam Lake is in the Polk 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 $1,121. Among 21 ZIP codes in Polk County, 54810 has the 9th-highest two-bedroom rent (county range $1,010–$1,540). The median county two-bedroom FMR in Wisconsin is $1,041, so ZIP 54810 is 23% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 54810
BedroomsFY 2027Change90–110% range
Studio$890+1.1%$801–$979
1BR$980+1.0%$882–$1,078
2BR$1,280+0.8%$1,152–$1,408
3BR$1,640+4.5%$1,476–$1,804
4BR$1,950+1.0%$1,755–$2,145

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 54810
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$890$980$1,280$1,640$1,950
FY 2026$880$970$1,270$1,570$1,930
FY 2025$860$950$1,250$1,510$1,890
FY 2024area FMR$691$776$1,020$1,233$1,498
FY 2023area FMR$643$731$962$1,171$1,326

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

Two-bedroom rent in nearby Polk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 54810
54025$1,540+20.3%
54026$1,540+20.3%
54810Current$1,280—
54824$1,010−21.1%
54826$1,090−14.8%
54829$1,130−11.7%
54837$1,010−21.1%
54840$1,120−12.5%
54853$1,030−19.5%
54858$1,010−21.1%
54872$1,010−21.1%
54889$1,010−21.1%

Questions about ZIP 54810 rents

How much will Section 8 pay for a two-bedroom in ZIP 54810?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,121, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,009 to $1,233 a month; under the ZIP-level Small Area FMR of $1,280 it would be $1,152 to $1,408. 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 54810 in?

ZIP 54810 is in the Polk County, WI non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,121.

How much did fair market rent change in ZIP 54810 for FY 2027?

The two-bedroom FMR rose 0.8%, from $1,270 in FY 2026 to $1,280 in FY 2027. Since FY 2025 it has risen 2.4%.

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 rentBalsam Lake, WI fair market rentWI statewide rentsWhat is SAFMR?Data sources