FMR is near market; voucher and private rents are aligned.
0.99
1 BR
1 BR- 53046
0.81ratio
FMR$1,230
Market$1,510
vs market-$280
FMR is below market; voucher rent may lag private rents.
0.81
2 BR
2 BR- 53046
0.80ratio
FMR$1,470
Market$1,840
vs market-$370
FMR is below market; voucher rent may lag private rents.
0.80
3 BR
3 BR- 53046
0.66ratio
FMR$1,810
Market$2,750
vs market-$940
FMR is below market; voucher rent may lag private rents.
0.66
4 BR
4 BR- 53046
0.59ratio
FMR$1,940
Market$3,280
vs market-$1,340
FMR is below market; voucher rent may lag private rents.
0.59
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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Lannon, WI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Lannon, WI is $1,470 a month. That is down 4.5% from $1,540 in FY 2026. Lannon 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 Lannon is 41% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Lannon, WI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,180
$1,150
−2.5%
$1,035–$1,265
1BR
$1,290
$1,230
−4.7%
$1,107–$1,353
2BR
$1,540
$1,470
−4.5%
$1,323–$1,617
3BR
$1,900
$1,810
−4.7%
$1,629–$1,991
4BR
$2,050
$1,940
−5.4%
$1,746–$2,134
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Lannon, WI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,150
$1,230
$1,470
$1,810
$1,940
FY 2026
$1,180
$1,290
$1,540
$1,900
$2,050
FY 2025
$1,030
$1,160
$1,380
$1,710
$1,870
FY 2024
$890
$1,030
$1,230
$1,530
$1,670
FY 2023
$800
$950
$1,140
$1,430
$1,570
Questions about Lannon, WI rents
How much will Section 8 pay for a two-bedroom in Lannon, 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 $1,470 it would be $1,323 to $1,617. 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 Lannon, WI in?
Lannon, 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 Lannon, WI for FY 2027?
The two-bedroom FMR fell 4.5%, from $1,540 in FY 2026 to $1,470 in FY 2027. Since FY 2023 it has risen 28.9%.
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