JeffCroweCRE

Housing market/Wisconsin/ZIP 54002

ACS 2023 · FY2027 SAFMR

ZIP 54002 Baldwin, Wisconsin

Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area · Wisconsin. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
6,887
Households
2,610
Median HH income
$84,879
Renter share
22.0%
Median gross rent
$1,200
Vacancy
1.0%
Pop. change
+7.6%
2BR SAFMR
$1,540
SAFMR / rent
1.283×
2–49 unit stock
384
LIHTC proj / units
3 / 64
HUD assisted MF
2 / 94

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 54002 · WI — sent to you.

ZIP 54002 · WI

By checking this box you agree that you may be referred to another real estate broker or related service and acknowledge that CENTURY 21 The Avenues licensees and/or affiliates may be paid a valuable consideration for facilitating such referral.

ACS rent vs 2BR SAFMR

ZIP 54002 — Baldwin, WI HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,200
2BR SAFMR$1,540
90% floor$1,386
110% ceiling$1,694

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 54002

  • 1-unit detached1,94173.6%
  • 1-unit attached2128.0%
  • 2–4 units27010.2%
  • 5–49 units1144.3%
  • Mobile993.8%
TypeUnitsShare
1-unit detached1,94173.6%
1-unit attached2128.0%
2 units (duplex)973.7%
3–4 units1736.6%
5–9 units562.1%
10–19 units190.7%
20–49 units391.5%
50+ units00.0%
Mobile993.8%

2–4 unit share 10.2% · 5–49 unit share 4.3% · combined 2–49 14.6%.

Units by bedrooms

Studio
3
1BR
167
2BR
620
3BR
1,015
4BR
692
5+
139

Rent burden

Rent ≥30% of income46.8%
Rent ≥50% of income14.1%
  • ACS median gross rent $1,200 (all bedrooms, occupied rentals).
  • Median contract rent $929.
  • Renters paying ≥30% of income 46.8%; ≥50% 14.1%.
  • FY2027 2BR SAFMR $1,540 (1.283× ACS median gross rent).

Population

6,887 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +7.6%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 3 projects, 64 units.
  • HUD project-based assisted MF: 2 properties, 94 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 54002 22.0% of occupied households are renters; vacancy is 1.0%; ACS median gross rent is $1,200; population increased +7.6% between the 2018 and 2023 ACS vintages; the housing stock includes 270 units in 2–4-unit structures and 114 units in 5–49-unit structures; 3 LIHTC projects totaling 64 units; FY2027 2BR SAFMR is $1,540 versus ACS median gross rent of $1,200. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Wisconsin research

ZIP 54002 is a Census / HUD profile for Minneapolis-St. Paul-Bloomington, MN-WI, WI. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 54002 — Baldwin, WI HUD Section 8 Payment Standards / SAFMR·Wisconsin ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
54003Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area1.8%—$1,54054011Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area25.3%$976$1,54054014Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area9.2%$993$1,54054015Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area21.3%$951$1,54054016Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area20.8%$1,431$1,69054021Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area20.5%$1,285$1,54054022Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area29.3%$1,059$1,54054023Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area16.1%$1,587$1,92054028Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area30.1%$898$1,54054082Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area11.1%—$1,57054723Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area15.7%$875$1,54054750Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area8.5%$925$1,540

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Wisconsin research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 54002?

ZIP 54002 (Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area) has 6,887 residents, 2,610 households, a renter share of 22.0%, median household income of $84,879, and ACS 2023 median gross rent of $1,200. Vacancy is 1.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 54002?

ACS counts 97 units in 2-unit buildings, 173 in 3–4 unit buildings, 56 in 5–9, 19 in 10–19, and 39 in 20–49. Combined 2–49 unit stock is 384 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 54002?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,540. See the full schedule and 90–110% payment-standard band on the ZIP 54002 — Baldwin, WI HUD Section 8 Payment Standards / SAFMR.

Does this Wisconsin ZIP profile include Georgia listings?

No. ZIP 54002 is Census / HUD research for Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. Jeff Crowe CRE does not list Wisconsin property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.