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Milwaukee County/Milwaukee/53212

53212

ZIPSAFMR
Milwaukee County, WI
Zillow

ZIP Investment Score

104Above average

095130300
BRFMR
Eff. Rent
0 BR$970$1,070
1 BR$1,040$1,050
2 BR$1,240$1,250
3 BR$1,520$1,560
4 BR$1,630$1,680
5 BR$1,874Not available
6 BR$2,156Not available
7 BR$2,479Not available
8 BR$2,851Not available

Purchase Price Calculator

Maximum purchase price
$123,833

Cost breakdown

+Likely effective rent$1,250
HUD FMR$1,240
Market rent$1,260
Est. payment standard (101%)Used$1,250
-Principal and interest-$626
Loan amount$99,066
Down payment$24,767
Rate6.50%
Term30 years
-Operating costs-$424
Property taxes-$124
Insurance-$175
Utilities$0
HOA$0
Management-$125
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,271(81.8% ROI)
Projected value
$133,355
Return breakdown
Property appreciation+$9,522
Loan principal paid down+$3,549
Rental cash flow+$7,200
5-year hold
+$34,602(139.7% ROI)
Projected value
$140,106
Return breakdown
Property appreciation+$16,273
Loan principal paid down+$6,329
Rental cash flow+$12,000
10-year hold
+$73,765(297.8% ROI)
Projected value
$158,517
Return breakdown
Property appreciation+$34,684
Loan principal paid down+$15,082
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.87
1 BR
0.98
2 BR
0.98
3 BR
0.96
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 53212 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 53212 (Milwaukee, WI) is $1,240 a month. That is down 3.1% from $1,280 in FY 2026. 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. Among 43 ZIP codes in Milwaukee County, 53212 is tied for the 20th-highest two-bedroom rent (county range $1,210–$1,890). The median county two-bedroom FMR in Wisconsin is $1,041, so ZIP 53212 is 19% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 53212
BedroomsFY 2027Change90–110% range
Studio$970−1.0%$873–$1,067
1BR$1,040−2.8%$936–$1,144
2BR$1,240−3.1%$1,116–$1,364
3BR$1,520−3.8%$1,368–$1,672
4BR$1,630−4.7%$1,467–$1,793

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 53212
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$970$1,040$1,240$1,520$1,630
FY 2026$980$1,070$1,280$1,580$1,710
FY 2025$890$1,000$1,190$1,480$1,610
FY 2024$810$940$1,120$1,400$1,520
FY 2023$750$890$1,070$1,350$1,470

Two-bedroom rent in nearby Milwaukee County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 53212
53206$1,210−2.4%
53207$1,320+6.5%
53208$1,210−2.4%
53209$1,210−2.4%
53210$1,210−2.4%
53211$1,560+25.8%
53212Current$1,240—
53213$1,430+15.3%
53214$1,2400.0%
53215$1,210−2.4%
53216$1,210−2.4%
53217$1,720+38.7%

Questions about ZIP 53212 rents

How much will Section 8 pay for a two-bedroom in ZIP 53212?

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 $1,240 it would be $1,116 to $1,364. 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 ZIP 53212 in?

ZIP 53212 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 ZIP 53212 for FY 2027?

The two-bedroom FMR fell 3.1%, from $1,280 in FY 2026 to $1,240 in FY 2027. Since FY 2023 it has risen 15.9%.

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

County fair market rentMilwaukee, WI fair market rentWI statewide rentsWhat is SAFMR?Data sources