FMR is near market; voucher and private rents are aligned.
1.05
2 BR
2 BR- 53154
0.87ratio
FMR$1,720
Market$1,970
vs market-$250
FMR is below market; voucher rent may lag private rents.
0.87
3 BR
3 BR- 53154
0.88ratio
FMR$2,110
Market$2,410
vs market-$300
FMR is below market; voucher rent may lag private rents.
0.88
4 BR
4 BR- 53154
0.76ratio
FMR$2,270
Market$2,990
vs market-$720
FMR is below market; voucher rent may lag private rents.
0.76
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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Oak Creek, WI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Oak Creek, WI is $1,720 a month. That is down 2.8% from $1,770 in FY 2026. Oak Creek 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 Oak Creek is 65% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Oak Creek, WI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,360
$1,340
−1.5%
$1,206–$1,474
1BR
$1,480
$1,440
−2.7%
$1,296–$1,584
2BR
$1,770
$1,720
−2.8%
$1,548–$1,892
3BR
$2,180
$2,110
−3.2%
$1,899–$2,321
4BR
$2,360
$2,270
−3.8%
$2,043–$2,497
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Oak Creek, WI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,340
$1,440
$1,720
$2,110
$2,270
FY 2026
$1,360
$1,480
$1,770
$2,180
$2,360
FY 2025
$1,200
$1,350
$1,610
$2,000
$2,180
FY 2024
$1,070
$1,240
$1,480
$1,850
$2,010
FY 2023
$970
$1,150
$1,380
$1,740
$1,890
Questions about Oak Creek, WI rents
How much will Section 8 pay for a two-bedroom in Oak Creek, 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 $1,720 it would be $1,548 to $1,892. 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 Oak Creek, WI in?
Oak Creek, 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 Oak Creek, WI for FY 2027?
The two-bedroom FMR fell 2.8%, from $1,770 in FY 2026 to $1,720 in FY 2027. Since FY 2023 it has risen 24.6%.
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