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Milwaukee County/Milwaukee/53259

53259

ZIPFMR
Milwaukee County, WI
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$985$1,080
1 BR$1,060$1,170
2 BR$1,263$1,390
3 BR$1,553$1,710
4 BR$1,664$1,830
5 BR$1,914Not available
6 BR$2,201Not available
7 BR$2,531Not available
8 BR$2,910Not available

Purchase Price Calculator

Maximum purchase price
$144,637

Cost breakdown

+Likely effective rent$1,390
HUD FMR$1,263
Market rent$2,210
Est. payment standard (110%)Used$1,390
-Principal and interest-$731
Loan amount$115,710
Down payment$28,927
Rate6.50%
Term30 years
-Operating costs-$459
Property taxes-$145
Insurance-$175
Utilities$0
HOA$0
Management-$139
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,467(77.7% ROI)
Projected value
$155,758
Return breakdown
Property appreciation+$11,121
Loan principal paid down+$4,146
Rental cash flow+$7,200
5-year hold
+$38,399(132.7% ROI)
Projected value
$163,643
Return breakdown
Property appreciation+$19,006
Loan principal paid down+$7,393
Rental cash flow+$12,000
10-year hold
+$82,126(283.9% ROI)
Projected value
$185,148
Return breakdown
Property appreciation+$40,511
Loan principal paid down+$17,615
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.53
1 BR
0.50
2 BR
0.57
3 BR
0.51
4 BR
0.55
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 53259 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 53259 (Milwaukee, WI) is $1,263 a month. That is down 5.6% from $1,338 in FY 2026. Milwaukee is in the Milwaukee-Waukesha, WI MSA. The median county two-bedroom FMR in Wisconsin is $1,041, so ZIP 53259 is 21% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 53259
BedroomsFY 2027Change90–110% range
Studio$985−4.1%$887–$1,084
1BR$1,060−5.3%$954–$1,166
2BR$1,263−5.6%$1,137–$1,389
3BR$1,553−5.8%$1,398–$1,708
4BR$1,664−6.7%$1,498–$1,830

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 53259
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$985$1,060$1,263$1,553$1,664
FY 2026$1,027$1,119$1,338$1,648$1,784
FY 2025$939$1,056$1,257$1,558$1,701
FY 2024$845$979$1,170$1,460$1,592
FY 2023$766$909$1,092$1,374$1,499

Questions about ZIP 53259 rents

How much will Section 8 pay for a two-bedroom in ZIP 53259?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,263, that basic range is $1,137 to $1,389 a month. 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 53259 in?

ZIP 53259 is in the Milwaukee-Waukesha, WI MSA. Small Area FMRs are not mandatory in this area.

How much did fair market rent change in ZIP 53259 for FY 2027?

The two-bedroom FMR fell 5.6%, from $1,338 in FY 2026 to $1,263 in FY 2027. Since FY 2023 it has risen 15.7%.

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 Fair Market Rents. 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