FMR is below market; voucher rent may lag private rents.
0.86
1 BR
1 BR- 53022
0.78ratio
FMR$1,240
Market$1,590
vs market-$350
FMR is below market; voucher rent may lag private rents.
0.78
2 BR
2 BR- 53022
0.85ratio
FMR$1,480
Market$1,750
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.85
3 BR
3 BR- 53022
0.87ratio
FMR$1,820
Market$2,090
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.87
4 BR
4 BR- 53022
0.82ratio
FMR$1,950
Market$2,390
vs market-$440
FMR is below market; voucher rent may lag private rents.
0.82
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Germantown, WI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Germantown, WI is $1,480 a month. That is down 6.3% from $1,580 in FY 2026. Germantown is in the Milwaukee-Waukesha, WI MSA. 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 metro-wide two-bedroom FMR of $1,263. The median county two-bedroom FMR in Wisconsin is $1,041, so Germantown is 42% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Germantown, WI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,210
$1,150
−5.0%
$1,035–$1,265
1BR
$1,320
$1,240
−6.1%
$1,116–$1,364
2BR
$1,580
$1,480
−6.3%
$1,332–$1,628
3BR
$1,950
$1,820
−6.7%
$1,638–$2,002
4BR
$2,110
$1,950
−7.6%
$1,755–$2,145
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Germantown, WI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,150
$1,240
$1,480
$1,820
$1,950
FY 2026
$1,210
$1,320
$1,580
$1,950
$2,110
FY 2025
$1,100
$1,230
$1,470
$1,820
$1,990
FY 2024
$980
$1,140
$1,360
$1,700
$1,850
FY 2023
$880
$1,050
$1,260
$1,590
$1,730
Questions about Germantown, WI rents
How much will Section 8 pay for a two-bedroom in Germantown, WI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,263, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,137 to $1,389 a month; under the ZIP-level Small Area FMR of $1,480 it would be $1,332 to $1,628. 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 Germantown, WI in?
Germantown, WI is in the Milwaukee-Waukesha, WI MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,263.
How much did fair market rent change in Germantown, WI for FY 2027?
The two-bedroom FMR fell 6.3%, from $1,580 in FY 2026 to $1,480 in FY 2027. Since FY 2023 it has risen 17.5%.
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