FMR is near market; voucher and private rents are aligned.
0.90
1 BR
1 BR- 53172
0.84ratio
FMR$1,010
Market$1,200
vs market-$190
FMR is below market; voucher rent may lag private rents.
0.84
2 BR
2 BR- 53172
0.62ratio
FMR$1,210
Market$1,940
vs market-$730
FMR is below market; voucher rent may lag private rents.
0.62
3 BR
3 BR- 53172
0.66ratio
FMR$1,490
Market$2,250
vs market-$760
FMR is below market; voucher rent may lag private rents.
0.66
4 BR
4 BR- 53172
0.61ratio
FMR$1,610
Market$2,660
vs market-$1,050
FMR is below market; voucher rent may lag private rents.
0.61
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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South Milwaukee, WI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in South Milwaukee, WI is $1,210 a month. That is down 4.7% from $1,270 in FY 2026. South Milwaukee 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 South Milwaukee is 16% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for South Milwaukee, WI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$970
$930
−4.1%
$837–$1,023
1BR
$1,060
$1,010
−4.7%
$909–$1,111
2BR
$1,270
$1,210
−4.7%
$1,089–$1,331
3BR
$1,560
$1,490
−4.5%
$1,341–$1,639
4BR
$1,690
$1,610
−4.7%
$1,449–$1,771
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for South Milwaukee, WI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$930
$1,010
$1,210
$1,490
$1,610
FY 2026
$970
$1,060
$1,270
$1,560
$1,690
FY 2025
$900
$1,010
$1,200
$1,490
$1,620
FY 2024
$810
$940
$1,120
$1,400
$1,520
FY 2023
$720
$860
$1,030
$1,300
$1,410
Questions about South Milwaukee, WI rents
How much will Section 8 pay for a two-bedroom in South Milwaukee, 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 $1,210 it would be $1,089 to $1,331. 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 South Milwaukee, WI in?
South Milwaukee, 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 South Milwaukee, WI for FY 2027?
The two-bedroom FMR fell 4.7%, from $1,270 in FY 2026 to $1,210 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