53203
ZIPSAFMR
Milwaukee County, WI
BRFMR
Eff. Rent
0 BR$1,540$1,540
1 BR$1,680$1,680
2 BR$2,010$2,010
3 BR$2,480$2,480
4 BR$2,680$2,680
5 BR$3,082
6 BR$3,544
7 BR$4,076
8 BR$4,687

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio
0.87ratio
FMR$1,540
Market$1,770
vs market-$230

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.87
1 BR
1 BR
0.84ratio
FMR$1,680
Market$2,010
vs market-$330

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.84
2 BR
2 BR
0.91ratio
FMR$2,010
Market$2,210
vs market-$200

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.91
3 BR
3 BR
0.80ratio
FMR$2,480
Market$3,090
vs market-$610

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.80
4 BR
4 BR
0.88ratio
FMR$2,680
Market$3,040
vs market-$360

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.88
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$236,769
Rent
$2,010
Down payment
$47,354
Loan
$189,415
Mortgage
$1,197
Expenses
$613
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 53203 (WI) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.