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 54702 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 54702 (Eau Claire, WI) is $1,270 a month. That is up 7.6% from $1,180 in FY 2026. Eau Claire is in the Eau Claire, 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 $1,259. Among 16 ZIP codes in Eau Claire County, 54702 has the 5th-highest two-bedroom rent (county range $1,070–$1,450). The median county two-bedroom FMR in Wisconsin is $1,041, so ZIP 54702 is 22% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 54702
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$930
$1,020
+9.7%
$918–$1,122
1BR
$960
$1,030
+7.3%
$927–$1,133
2BR
$1,180
$1,270
+7.6%
$1,143–$1,397
3BR
$1,580
$1,710
+8.2%
$1,539–$1,881
4BR
$1,590
$1,720
+8.2%
$1,548–$1,892
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 54702
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,020
$1,030
$1,270
$1,710
$1,720
FY 2026
$930
$960
$1,180
$1,580
$1,590
FY 2025
$830
$890
$1,090
$1,500
$1,580
FY 2024
$770
$830
$1,030
$1,410
$1,540
FY 2023
$640
$710
$910
$1,240
$1,420
Two-bedroom rent in nearby Eau Claire County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 54702?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,259, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,133 to $1,385 a month; under the ZIP-level Small Area FMR of $1,270 it would be $1,143 to $1,397. 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 54702 in?
ZIP 54702 is in the Eau Claire, WI MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,259.
How much did fair market rent change in ZIP 54702 for FY 2027?
The two-bedroom FMR rose 7.6%, from $1,180 in FY 2026 to $1,270 in FY 2027. Since FY 2023 it has risen 39.6%.
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