FMR is below market; voucher rent may lag private rents.
0.73
1 BR
1 BR- 53168
0.75ratio
FMR$1,230
Market$1,650
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.75
2 BR
2 BR- 53168
0.91ratio
FMR$1,550
Market$1,710
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.91
3 BR
3 BR- 53168
1.08ratio
FMR$2,100
Market$1,950
vs market+$150
FMR is near market; voucher and private rents are aligned.
1.08
4 BR
4 BR- 53168
1.17ratio
FMR$2,400
Market$2,060
vs market+$340
FMR is above market; underwrite to market rent.
1.17
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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Salem, WI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Salem, WI is $1,550 a month. That is up 2.6% from $1,510 in FY 2026. Salem is in the Kenosha, 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 $1,441. The median county two-bedroom FMR in Wisconsin is $1,041, so Salem is 49% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Salem, WI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,170
$1,220
+4.3%
$1,098–$1,342
1BR
$1,180
$1,230
+4.2%
$1,107–$1,353
2BR
$1,510
$1,550
+2.6%
$1,395–$1,705
3BR
$2,050
$2,100
+2.4%
$1,890–$2,310
4BR
$2,340
$2,400
+2.6%
$2,160–$2,640
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Salem, WI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,220
$1,230
$1,550
$2,100
$2,400
FY 2026
$1,170
$1,180
$1,510
$2,050
$2,340
FY 2025
$1,220
$1,230
$1,600
$2,150
$2,450
FY 2024
$1,110
$1,190
$1,560
$2,050
$2,320
FY 2023
$880
$1,000
$1,310
$1,700
$1,920
Questions about Salem, WI rents
How much will Section 8 pay for a two-bedroom in Salem, WI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,441, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,297 to $1,585 a month; under the ZIP-level Small Area FMR of $1,550 it would be $1,395 to $1,705. 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 Salem, WI in?
Salem, WI is in the Kenosha, WI MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,441.
How much did fair market rent change in Salem, WI for FY 2027?
The two-bedroom FMR rose 2.6%, from $1,510 in FY 2026 to $1,550 in FY 2027. Since FY 2023 it has risen 18.3%.
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