FMR is below market; voucher rent may lag private rents.
0.59
1 BR
1 BR- 53183
0.63ratio
FMR$1,330
Market$2,110
vs market-$780
FMR is below market; voucher rent may lag private rents.
0.63
2 BR
2 BR- 53183
0.67ratio
FMR$1,580
Market$2,360
vs market-$780
FMR is below market; voucher rent may lag private rents.
0.67
3 BR
3 BR- 53183
0.74ratio
FMR$1,940
Market$2,610
vs market-$670
FMR is below market; voucher rent may lag private rents.
0.74
4 BR
4 BR- 53183
0.72ratio
FMR$2,080
Market$2,880
vs market-$800
FMR is below market; voucher rent may lag private rents.
0.72
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
--
Wales, WI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Wales, WI is $1,580 a month. That is down 7.6% from $1,710 in FY 2026. Wales 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 Wales is 52% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Wales, WI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,310
$1,230
−6.1%
$1,107–$1,353
1BR
$1,430
$1,330
−7.0%
$1,197–$1,463
2BR
$1,710
$1,580
−7.6%
$1,422–$1,738
3BR
$2,110
$1,940
−8.1%
$1,746–$2,134
4BR
$2,280
$2,080
−8.8%
$1,872–$2,288
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Wales, WI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,230
$1,330
$1,580
$1,940
$2,080
FY 2026
$1,310
$1,430
$1,710
$2,110
$2,280
FY 2025
$1,160
$1,300
$1,550
$1,920
$2,100
FY 2024
$990
$1,150
$1,370
$1,710
$1,860
FY 2023
$860
$1,020
$1,230
$1,550
$1,690
Questions about Wales, WI rents
How much will Section 8 pay for a two-bedroom in Wales, 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 $1,580 it would be $1,422 to $1,738. 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 Wales, WI in?
Wales, 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 Wales, WI for FY 2027?
The two-bedroom FMR fell 7.6%, from $1,710 in FY 2026 to $1,580 in FY 2027. Since FY 2023 it has risen 28.5%.
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