Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 53274 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 53274 (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 53274 is 21% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 53274
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,027
$985
−4.1%
$887–$1,084
1BR
$1,119
$1,060
−5.3%
$954–$1,166
2BR
$1,338
$1,263
−5.6%
$1,137–$1,389
3BR
$1,648
$1,553
−5.8%
$1,398–$1,708
4BR
$1,784
$1,664
−6.7%
$1,498–$1,830
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 53274
Fiscal year
Studio
1BR
2BR
3BR
4BR
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 53274 rents
How much will Section 8 pay for a two-bedroom in ZIP 53274?
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 53274 in?
ZIP 53274 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 53274 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