FMR is below market; voucher rent may lag private rents.
0.70
1 BR
1 BR- 53066
0.71ratio
FMR$1,180
Market$1,670
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.71
2 BR
2 BR- 53066
0.70ratio
FMR$1,410
Market$2,000
vs market-$590
FMR is below market; voucher rent may lag private rents.
0.70
3 BR
3 BR- 53066
0.59ratio
FMR$1,750
Market$2,960
vs market-$1,210
FMR is below market; voucher rent may lag private rents.
0.59
4 BR
4 BR- 53066
0.52ratio
FMR$1,860
Market$3,610
vs market-$1,750
FMR is below market; voucher rent may lag private rents.
0.52
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
--
Oconomowoc, WI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Oconomowoc, WI is $1,410 a month. That is down 4.1% from $1,470 in FY 2026. Oconomowoc is in the Dodge County, WI non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,100. The median county two-bedroom FMR in Wisconsin is $1,041, so Oconomowoc is 36% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Oconomowoc, WI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,120
$1,090
−2.7%
$981–$1,199
1BR
$1,230
$1,180
−4.1%
$1,062–$1,298
2BR
$1,470
$1,410
−4.1%
$1,269–$1,551
3BR
$1,820
$1,750
−3.8%
$1,575–$1,925
4BR
$1,960
$1,860
−5.1%
$1,674–$2,046
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Oconomowoc, WI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,090
$1,180
$1,410
$1,750
$1,860
FY 2026
$1,120
$1,230
$1,470
$1,820
$1,960
FY 2025
$1,030
$1,160
$1,390
$1,740
$1,890
FY 2024
$930
$1,080
$1,290
$1,610
$1,760
FY 2023
$840
$1,000
$1,200
$1,510
$1,650
Questions about Oconomowoc, WI rents
How much will Section 8 pay for a two-bedroom in Oconomowoc, WI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,100, which applies unless the housing authority uses Small Area FMRs, that basic range is $990 to $1,210 a month; under the ZIP-level Small Area FMR of $1,410 it would be $1,269 to $1,551. 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 Oconomowoc, WI in?
Oconomowoc, WI is in the Dodge County, WI non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,100.
How much did fair market rent change in Oconomowoc, WI for FY 2027?
The two-bedroom FMR fell 4.1%, from $1,470 in FY 2026 to $1,410 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