FMR is near market; voucher and private rents are aligned.
0.95
1 BR
1 BR- 53024
0.91ratio
FMR$1,070
Market$1,170
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.91
2 BR
2 BR- 53024
0.59ratio
FMR$1,280
Market$2,170
vs market-$890
FMR is below market; voucher rent may lag private rents.
0.59
3 BR
3 BR- 53024
0.59ratio
FMR$1,570
Market$2,660
vs market-$1,090
FMR is below market; voucher rent may lag private rents.
0.59
4 BR
4 BR- 53024
0.45ratio
FMR$1,690
Market$3,760
vs market-$2,070
FMR is below market; voucher rent may lag private rents.
0.45
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
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Grafton, WI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Grafton, WI is $1,280 a month. That is down 2.3% from $1,310 in FY 2026. Grafton 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 Grafton is 23% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Grafton, WI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,010
$1,000
−1.0%
$900–$1,100
1BR
$1,100
$1,070
−2.7%
$963–$1,177
2BR
$1,310
$1,280
−2.3%
$1,152–$1,408
3BR
$1,610
$1,570
−2.5%
$1,413–$1,727
4BR
$1,750
$1,690
−3.4%
$1,521–$1,859
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Grafton, WI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,000
$1,070
$1,280
$1,570
$1,690
FY 2026
$1,010
$1,100
$1,310
$1,610
$1,750
FY 2025
$930
$1,040
$1,240
$1,540
$1,680
FY 2024
$840
$980
$1,170
$1,460
$1,590
FY 2023
$790
$940
$1,130
$1,420
$1,550
Questions about Grafton, WI rents
How much will Section 8 pay for a two-bedroom in Grafton, 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 $1,280 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 Grafton, WI in?
Grafton, 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 Grafton, WI for FY 2027?
The two-bedroom FMR fell 2.3%, from $1,310 in FY 2026 to $1,280 in FY 2027. Since FY 2023 it has risen 13.3%.
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