Wisconsin (WI)

STATESAFMR

Found 862 ZIPs

State Median Investment Score

58Below average

095130300

BR	Rent	3Y CAGR
0 BR	$706 - $1,265Median: $820	5.2%
1 BR	$775 - $1,427Median: $880	4.0%
2 BR	$1,014 - $1,734Median: $1,111	3.9%
3 BR	$1,208 - $2,264Median: $1,448	3.6%
4 BR	$1,333 - $2,538Median: $1,623	3.3%

Market Alignment

Studio

Studio- 39 ZIPs

0.35-0.64ratio range

Median FMR$918

Median Market$1,690

vs market-$772

FMR is below market; voucher rent may lag private rents.

Studio- 18 ZIPs

0.64-0.68ratio range

Median FMR$960

Median Market$1,425

vs market-$465

FMR is below market; voucher rent may lag private rents.

Studio- 14 ZIPs

0.69-0.72ratio range

Median FMR$935

Median Market$1,335

vs market-$400

FMR is below market; voucher rent may lag private rents.

Studio- 29 ZIPs

0.73-0.76ratio range

Median FMR$909

Median Market$1,220

vs market-$311

FMR is below market; voucher rent may lag private rents.

Studio- 35 ZIPs

0.77-0.81ratio range

Median FMR$985

Median Market$1,250

vs market-$265

FMR is below market; voucher rent may lag private rents.

Studio- 23 ZIPs

0.82-0.86ratio range

Median FMR$985

Median Market$1,160

vs market-$175

FMR is below market; voucher rent may lag private rents.

Studio- 34 ZIPs

0.86-0.90ratio range

Median FMR$985

Median Market$1,100

vs market-$115

FMR is below market; voucher rent may lag private rents.

Studio- 19 ZIPs

0.90-0.94ratio range

Median FMR$985

Median Market$1,070

vs market-$85

FMR is near market; voucher and private rents are aligned.

Studio- 18 ZIPs

0.94-0.98ratio range

Median FMR$985

Median Market$1,020

vs market-$35

FMR is near market; voucher and private rents are aligned.

Studio- 14 ZIPs

0.98-1.02ratio range

Median FMR$1,000

Median Market$1,010

vs market-$11

FMR is near market; voucher and private rents are aligned.

Studio- 6 ZIPs

1.02-1.06ratio range

Median FMR$1,091

Median Market$1,035

vs market+$56

FMR is near market; voucher and private rents are aligned.

Studio- 7 ZIPs

1.06-1.09ratio range

Median FMR$985

Median Market$920

vs market+$65

FMR is near market; voucher and private rents are aligned.

Studio- 4 ZIPs

1.10-1.14ratio range

Median FMR$1,000

Median Market$905

vs market+$95

FMR is above market; underwrite to market rent.

Studio- 2 ZIPs

1.16-1.18ratio range

Median FMR$1,058

Median Market$905

vs market+$153

FMR is above market; underwrite to market rent.

Studio- 8 ZIPs

1.20-1.25ratio range

Median FMR$982

Median Market$800

vs market+$182

FMR is above market; underwrite to market rent.

Studio- 1 ZIP

1.29ratio

FMR$1,265

Market$980

vs market+$285

FMR is above market; underwrite to market rent.

Studio- 1 ZIP

1.31ratio

FMR$985

Market$750

vs market+$235

FMR is above market; underwrite to market rent.

Studio- 3 ZIPs

1.39ratio range

Median FMR$985

Median Market$710

vs market+$275

FMR is above market; underwrite to market rent.

0.35-1.39

1 BR

1 BR- 32 ZIPs

0.47-0.64ratio range

Median FMR$1,060

Median Market$1,710

vs market-$650

FMR is below market; voucher rent may lag private rents.

1 BR- 12 ZIPs

0.65-0.69ratio range

Median FMR$1,060

Median Market$1,560

vs market-$500

FMR is below market; voucher rent may lag private rents.

1 BR- 14 ZIPs

0.69-0.73ratio range

Median FMR$1,032

Median Market$1,460

vs market-$428

FMR is below market; voucher rent may lag private rents.

1 BR- 25 ZIPs

0.73-0.77ratio range

Median FMR$1,060

Median Market$1,380

vs market-$320

FMR is below market; voucher rent may lag private rents.

1 BR- 36 ZIPs

0.77-0.81ratio range

Median FMR$1,044

Median Market$1,310

vs market-$266

FMR is below market; voucher rent may lag private rents.

1 BR- 41 ZIPs

0.82-0.86ratio range

Median FMR$1,028

Median Market$1,210

vs market-$182

FMR is below market; voucher rent may lag private rents.

1 BR- 38 ZIPs

0.86-0.90ratio range

Median FMR$1,022

Median Market$1,170

vs market-$148

FMR is below market; voucher rent may lag private rents.

1 BR- 28 ZIPs

0.90-0.94ratio range

Median FMR$1,060

Median Market$1,170

vs market-$110

FMR is near market; voucher and private rents are aligned.

1 BR- 11 ZIPs

0.94-0.98ratio range

Median FMR$1,375

Median Market$1,420

vs market-$45

FMR is near market; voucher and private rents are aligned.

1 BR- 14 ZIPs

0.98-1.01ratio range

Median FMR$1,060

Median Market$1,065

vs market-$5

FMR is near market; voucher and private rents are aligned.

1 BR- 8 ZIPs

1.03-1.06ratio range

Median FMR$1,218

Median Market$1,165

vs market+$53

FMR is near market; voucher and private rents are aligned.

1 BR- 7 ZIPs

1.07-1.10ratio range

Median FMR$1,375

Median Market$1,270

vs market+$105

FMR is near market; voucher and private rents are aligned.

1 BR- 4 ZIPs

1.10-1.14ratio range

Median FMR$1,028

Median Market$915

vs market+$113

FMR is above market; underwrite to market rent.

1 BR- 4 ZIPs

1.15-1.20ratio range

Median FMR$1,044

Median Market$880

vs market+$164

FMR is above market; underwrite to market rent.

1 BR- 1 ZIP

1.22ratio

FMR$1,060

Market$870

vs market+$190

FMR is above market; underwrite to market rent.

1 BR- 2 ZIPs

1.46-1.55ratio range

Median FMR$1,427

Median Market$950

vs market+$477

FMR is above market; underwrite to market rent.

0.47-1.55

2 BR

2 BR- 25 ZIPs

0.49-0.64ratio range

Median FMR$1,263

Median Market$2,120

vs market-$857

FMR is below market; voucher rent may lag private rents.

2 BR- 19 ZIPs

0.64-0.68ratio range

Median FMR$1,263

Median Market$1,950

vs market-$687

FMR is below market; voucher rent may lag private rents.

2 BR- 29 ZIPs

0.69-0.73ratio range

Median FMR$1,263

Median Market$1,840

vs market-$577

FMR is below market; voucher rent may lag private rents.

2 BR- 30 ZIPs

0.73-0.77ratio range

Median FMR$1,263

Median Market$1,665

vs market-$402

FMR is below market; voucher rent may lag private rents.

2 BR- 30 ZIPs

0.77-0.81ratio range

Median FMR$1,441

Median Market$1,825

vs market-$384

FMR is below market; voucher rent may lag private rents.

2 BR- 43 ZIPs

0.81-0.86ratio range

Median FMR$1,263

Median Market$1,510

vs market-$247

FMR is below market; voucher rent may lag private rents.

2 BR- 26 ZIPs

0.86-0.89ratio range

Median FMR$1,280

Median Market$1,450

vs market-$170

FMR is below market; voucher rent may lag private rents.

2 BR- 18 ZIPs

0.90-0.94ratio range

Median FMR$1,261

Median Market$1,375

vs market-$114

FMR is near market; voucher and private rents are aligned.

2 BR- 19 ZIPs

0.95-0.98ratio range

Median FMR$1,263

Median Market$1,300

vs market-$37

FMR is near market; voucher and private rents are aligned.

2 BR- 12 ZIPs

0.98-1.02ratio range

Median FMR$1,258

Median Market$1,260

vs market-$3

FMR is near market; voucher and private rents are aligned.

2 BR- 11 ZIPs

1.02-1.04ratio range

Median FMR$1,195

Median Market$1,170

vs market+$25

FMR is near market; voucher and private rents are aligned.

2 BR- 7 ZIPs

1.06-1.09ratio range

Median FMR$1,224

Median Market$1,150

vs market+$74

FMR is near market; voucher and private rents are aligned.

2 BR- 5 ZIPs

1.11-1.14ratio range

Median FMR$1,263

Median Market$1,140

vs market+$123

FMR is above market; underwrite to market rent.

2 BR- 2 ZIPs

1.16-1.17ratio range

Median FMR$1,539

Median Market$1,320

vs market+$219

FMR is above market; underwrite to market rent.

2 BR- 1 ZIP

1.25ratio

FMR$1,734

Market$1,390

vs market+$344

FMR is above market; underwrite to market rent.

2 BR- 1 ZIP

1.26ratio

FMR$1,734

Market$1,380

vs market+$354

FMR is above market; underwrite to market rent.

2 BR- 2 ZIPs

1.37-1.47ratio range

Median FMR$1,495

Median Market$1,050

vs market+$445

FMR is above market; underwrite to market rent.

0.49-1.47

3 BR

3 BR- 34 ZIPs

0.49-0.64ratio range

Median FMR$1,553

Median Market$2,730

vs market-$1,177

FMR is below market; voucher rent may lag private rents.

3 BR- 33 ZIPs

0.64-0.68ratio range

Median FMR$1,553

Median Market$2,380

vs market-$827

FMR is below market; voucher rent may lag private rents.

3 BR- 10 ZIPs

0.69-0.73ratio range

Median FMR$1,553

Median Market$2,255

vs market-$702

FMR is below market; voucher rent may lag private rents.

3 BR- 14 ZIPs

0.73-0.76ratio range

Median FMR$1,553

Median Market$2,115

vs market-$562

FMR is below market; voucher rent may lag private rents.

3 BR- 16 ZIPs

0.77-0.81ratio range

Median FMR$1,661

Median Market$2,120

vs market-$459

FMR is below market; voucher rent may lag private rents.

3 BR- 29 ZIPs

0.82-0.86ratio range

Median FMR$1,697

Median Market$2,020

vs market-$323

FMR is below market; voucher rent may lag private rents.

3 BR- 25 ZIPs

0.86-0.90ratio range

Median FMR$1,625

Median Market$1,850

vs market-$225

FMR is below market; voucher rent may lag private rents.

3 BR- 17 ZIPs

0.91-0.94ratio range

Median FMR$1,956

Median Market$2,090

vs market-$134

FMR is near market; voucher and private rents are aligned.

3 BR- 22 ZIPs

0.94-0.98ratio range

Median FMR$1,615

Median Market$1,680

vs market-$65

FMR is near market; voucher and private rents are aligned.

3 BR- 25 ZIPs

0.98-1.02ratio range

Median FMR$1,621

Median Market$1,630

vs market-$9

FMR is near market; voucher and private rents are aligned.

3 BR- 15 ZIPs

1.02-1.05ratio range

Median FMR$1,590

Median Market$1,540

vs market+$50

FMR is near market; voucher and private rents are aligned.

3 BR- 5 ZIPs

1.06-1.09ratio range

Median FMR$1,621

Median Market$1,500

vs market+$121

FMR is near market; voucher and private rents are aligned.

3 BR- 8 ZIPs

1.10-1.15ratio range

Median FMR$1,609

Median Market$1,460

vs market+$149

FMR is above market; underwrite to market rent.

3 BR- 10 ZIPs

1.15-1.18ratio range

Median FMR$1,553

Median Market$1,350

vs market+$203

FMR is above market; underwrite to market rent.

3 BR- 5 ZIPs

1.20-1.25ratio range

Median FMR$1,392

Median Market$1,150

vs market+$242

FMR is above market; underwrite to market rent.

3 BR- 3 ZIPs

1.26-1.29ratio range

Median FMR$1,328

Median Market$1,030

vs market+$298

FMR is above market; underwrite to market rent.

3 BR- 3 ZIPs

1.30-1.33ratio range

Median FMR$1,697

Median Market$1,280

vs market+$417

FMR is above market; underwrite to market rent.

3 BR- 6 ZIPs

1.40-1.67ratio range

Median FMR$2,002

Median Market$1,305

vs market+$697

FMR is above market; underwrite to market rent.

0.49-1.67

4 BR

4 BR- 56 ZIPs

0.44-0.64ratio range

Median FMR$1,664

Median Market$3,085

vs market-$1,421

FMR is below market; voucher rent may lag private rents.

4 BR- 9 ZIPs

0.64-0.68ratio range

Median FMR$1,664

Median Market$2,530

vs market-$866

FMR is below market; voucher rent may lag private rents.

4 BR- 15 ZIPs

0.69-0.73ratio range

Median FMR$1,664

Median Market$2,420

vs market-$756

FMR is below market; voucher rent may lag private rents.

4 BR- 14 ZIPs

0.73-0.77ratio range

Median FMR$1,954

Median Market$2,605

vs market-$652

FMR is below market; voucher rent may lag private rents.

4 BR- 21 ZIPs

0.77-0.81ratio range

Median FMR$1,705

Median Market$2,150

vs market-$445

FMR is below market; voucher rent may lag private rents.

4 BR- 18 ZIPs

0.82-0.85ratio range

Median FMR$2,106

Median Market$2,500

vs market-$394

FMR is below market; voucher rent may lag private rents.

4 BR- 26 ZIPs

0.86-0.90ratio range

Median FMR$1,658

Median Market$1,855

vs market-$197

FMR is below market; voucher rent may lag private rents.

4 BR- 24 ZIPs

0.90-0.93ratio range

Median FMR$1,682

Median Market$1,825

vs market-$143

FMR is near market; voucher and private rents are aligned.

4 BR- 18 ZIPs

0.94-0.98ratio range

Median FMR$1,796

Median Market$1,860

vs market-$64

FMR is near market; voucher and private rents are aligned.

4 BR- 16 ZIPs

0.98-1.02ratio range

Median FMR$1,739

Median Market$1,735

vs market+$4

FMR is near market; voucher and private rents are aligned.

4 BR- 15 ZIPs

1.03-1.05ratio range

Median FMR$1,664

Median Market$1,590

vs market+$74

FMR is near market; voucher and private rents are aligned.

4 BR- 10 ZIPs

1.06-1.10ratio range

Median FMR$1,922

Median Market$1,805

vs market+$117

FMR is near market; voucher and private rents are aligned.

4 BR- 15 ZIPs

1.10-1.15ratio range

Median FMR$1,742

Median Market$1,540

vs market+$202

FMR is above market; underwrite to market rent.

4 BR- 4 ZIPs

1.17-1.19ratio range

Median FMR$1,872

Median Market$1,595

vs market+$277

FMR is above market; underwrite to market rent.

4 BR- 3 ZIPs

1.21-1.23ratio range

Median FMR$1,333

Median Market$1,080

vs market+$253

FMR is above market; underwrite to market rent.

4 BR- 4 ZIPs

1.26-1.28ratio range

Median FMR$1,891

Median Market$1,480

vs market+$411

FMR is above market; underwrite to market rent.

4 BR- 2 ZIPs

1.32ratio range

Median FMR$1,736

Median Market$1,320

vs market+$416

FMR is above market; underwrite to market rent.

4 BR- 10 ZIPs

1.36-1.82ratio range

Median FMR$2,060

Median Market$1,285

vs market+$775

FMR is above market; underwrite to market rent.

0.44-1.82

0.700.800.901.001.101.201.30aligned range

Bedroom curve

Rankings

Market Explorer

Counties, cities, and ZIPs in Wisconsin.

Browse rankings

Trends

Market trends

HUD rent changes, rent against home values, and where it cash-flows.

View insights

Counties

Ranked by Investment Score (vs state median)

County map

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Wisconsin fair market rent by county, FY 2027

HUD's FY 2027 fair market rents cover 72 counties in Wisconsin. The median county two-bedroom FMR is $1,041. That is up 3.0% from $1,010 in FY 2026. Two-bedroom FMRs run from $1,014 in Wood County to $1,734 in Pierce County. 20 HUD metropolitan FMR areas cover 27 of those counties; each county in the same metro area shares one FMR. No area in Wisconsin is required to use Small Area FMRs.

Two-bedroom FMR by county

FY 2027 two-bedroom fair market rent by county in Wisconsin
County	2BR	Change	HUD FMR area
Pierce County	$1,734	+1.5%	Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
St. Croix County	$1,734	+1.5%	Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
Dane County	$1,565	−7.6%	Madison, WI HUD Metro FMR Area
Kenosha County	$1,441	+2.8%	Kenosha, WI MSA
La Crosse County	$1,343	+15.2%	La Crosse-Onalaska, WI-MN HUD Metro FMR Area
Walworth County	$1,300	+7.8%	Non-metro
Brown County	$1,287	+10.6%	Green Bay, WI HUD Metro FMR Area
Kewaunee County	$1,287	+10.6%	Green Bay, WI HUD Metro FMR Area
Racine County	$1,283	+3.9%	Racine-Mount Pleasant, WI MSA
Rock County	$1,280	+2.7%	Janesville-Beloit, WI MSA
Door County	$1,268	+11.1%	Non-metro
Milwaukee County	$1,263	−5.6%	Milwaukee-Waukesha, WI MSA
Ozaukee County	$1,263	−5.6%	Milwaukee-Waukesha, WI MSA
Washington County	$1,263	−5.6%	Milwaukee-Waukesha, WI MSA
Waukesha County	$1,263	−5.6%	Milwaukee-Waukesha, WI MSA
Chippewa County	$1,259	+6.6%	Eau Claire, WI MSA
Eau Claire County	$1,259	+6.6%	Eau Claire, WI MSA
Calumet County	$1,256	+1.6%	Appleton, WI MSA
Outagamie County	$1,256	+1.6%	Appleton, WI MSA
Fond du Lac County	$1,224	+4.1%	Fond du Lac, WI MSA
Marathon County	$1,217	+6.1%	Wausau, WI MSA
Jefferson County	$1,209	+4.6%	Non-metro
Douglas County	$1,207	−2.0%	Duluth, MN-WI MSA
Winnebago County	$1,195	+4.0%	Oshkosh-Neenah, WI MSA
Sauk County	$1,168	+5.1%	Non-metro
Sheboygan County	$1,168	+4.7%	Sheboygan, WI MSA
Columbia County	$1,136	−4.9%	Columbia County, WI HUD Metro FMR Area
Polk County	$1,121	+2.2%	Non-metro
Dodge County	$1,100	+1.9%	Non-metro
Vernon County	$1,097	+12.7%	Vernon County, WI HUD Metro FMR Area
Iowa County	$1,093	−6.4%	Iowa County, WI HUD Metro FMR Area
Sawyer County	$1,089	+3.6%	Non-metro
Portage County	$1,077	+3.9%	Non-metro
Florence County	$1,063	+5.6%	Non-metro
Trempealeau County	$1,059	+7.2%	Non-metro
Dunn County	$1,042	+1.8%	Non-metro
Monroe County	$1,039	+0.3%	Non-metro
Burnett County	$1,028	+5.5%	Non-metro
Barron County	$1,027	+4.4%	Non-metro
Oneida County	$1,027	+1.4%	Non-metro
Vilas County	$1,022	+5.0%	Non-metro
Buffalo County	$1,019	+4.7%	Non-metro
Green County	$1,016	−7.4%	Green County, WI HUD Metro FMR Area
Adams County	$1,014	+4.2%	Non-metro
Ashland County	$1,014	+4.2%	Non-metro
Bayfield County	$1,014	+4.2%	Non-metro
Clark County	$1,014	+4.2%	Non-metro
Crawford County	$1,014	+4.2%	Non-metro
Forest County	$1,014	+4.2%	Non-metro
Grant County	$1,014	+4.2%	Non-metro
Green Lake County	$1,014	+4.2%	Non-metro
Iron County	$1,014	+4.2%	Non-metro
Jackson County	$1,014	+4.2%	Non-metro
Juneau County	$1,014	+4.2%	Non-metro
Lafayette County	$1,014	+4.2%	Non-metro
Langlade County	$1,014	+4.2%	Non-metro
Lincoln County	$1,014	+4.2%	Non-metro
Manitowoc County	$1,014	+4.2%	Non-metro
Marinette County	$1,014	+4.2%	Non-metro
Marquette County	$1,014	+4.2%	Non-metro
Menominee County	$1,014	+4.2%	Non-metro
Oconto County	$1,014	+4.2%	Oconto County, WI HUD Metro FMR Area
Pepin County	$1,014	+4.2%	Non-metro
Price County	$1,014	+4.2%	Non-metro
Richland County	$1,014	+4.2%	Non-metro
Rusk County	$1,014	+4.2%	Non-metro
Shawano County	$1,014	+4.2%	Non-metro
Taylor County	$1,014	+4.2%	Non-metro
Washburn County	$1,014	+4.0%	Non-metro
Waupaca County	$1,014	+4.2%	Non-metro
Waushara County	$1,014	+4.2%	Non-metro
Wood County	$1,014	+4.2%	Non-metro

HUD metro FMR areas

FY 2027 two-bedroom fair market rent by HUD metro area in Wisconsin
Metro area	Counties	2BR
Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area	2	$1,734
Madison, WI HUD Metro FMR Area	1	$1,565
Kenosha, WI MSA	1	$1,441
La Crosse-Onalaska, WI-MN HUD Metro FMR Area	1	$1,343
Green Bay, WI HUD Metro FMR Area	2	$1,287
Racine-Mount Pleasant, WI MSA	1	$1,283
Janesville-Beloit, WI MSA	1	$1,280
Milwaukee-Waukesha, WI MSA	4	$1,263
Eau Claire, WI MSA	2	$1,259
Appleton, WI MSA	2	$1,256
Fond du Lac, WI MSA	1	$1,224
Wausau, WI MSA	1	$1,217
Duluth, MN-WI MSA	1	$1,207
Oshkosh-Neenah, WI MSA	1	$1,195
Sheboygan, WI MSA	1	$1,168
Columbia County, WI HUD Metro FMR Area	1	$1,136
Vernon County, WI HUD Metro FMR Area	1	$1,097
Iowa County, WI HUD Metro FMR Area	1	$1,093
Green County, WI HUD Metro FMR Area	1	$1,016
Oconto County, WI HUD Metro FMR Area	1	$1,014

Questions about Wisconsin rents

What is the fair market rent in Wisconsin?

HUD sets fair market rents by metro area and county, not statewide. For FY 2027 the median county two-bedroom FMR in Wisconsin is $1,041. Look up the county or ZIP code to see the value that applies to a specific property.

Which Wisconsin counties have the highest fair market rent?

For FY 2027, the highest two-bedroom FMRs are in Pierce County ($1,734), St. Croix County ($1,734), Dane County ($1,565).

Does Wisconsin use Small Area Fair Market Rents?

No area in Wisconsin is required to use them. Housing authorities use the metro or county FMR unless they choose to adopt Small Area FMRs.

Source: HUD FY 2027 Fair Market Rents. Change compares each county's two-bedroom FMR with FY 2026.

Wisconsin counties Wisconsin cities Wisconsin ZIP codes What is FMR?

Data source: U.S. Department of Housing and Urban Development (HUD)

Fiscal Year 2027