FMR is below market; voucher rent may lag private rents.
0.89
1 BR
1 BR
0.83ratio
FMR$820
Market$990
vs market-$170
FMR is below market; voucher rent may lag private rents.
0.83
2 BR
2 BR
0.82ratio
FMR$1,042
Market$1,270
vs market-$228
FMR is below market; voucher rent may lag private rents.
0.82
3 BR
3 BR
1.00ratio
FMR$1,407
Market$1,400
vs market+$7
FMR is near market; voucher and private rents are aligned.
1.00
4 BR
4 BR
1.13ratio
FMR$1,742
Market$1,540
vs market+$202
FMR is above market; underwrite to market rent.
1.13
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 54735 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 54735 (Downsville, WI) is $1,042 a month. That is up 1.8% from $1,024 in FY 2026. Downsville is in the Dunn County, WI non-metropolitan FMR area. One county-wide FMR applies to every ZIP code in it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 54735
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$781
$815
+4.4%
$734–$897
1BR
$787
$820
+4.2%
$738–$902
2BR
$1,024
$1,042
+1.8%
$938–$1,146
3BR
$1,363
$1,407
+3.2%
$1,266–$1,548
4BR
$1,718
$1,742
+1.4%
$1,568–$1,916
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 54735
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$815
$820
$1,042
$1,407
$1,742
FY 2026
$781
$787
$1,024
$1,363
$1,718
FY 2025
$762
$767
$1,005
$1,309
$1,688
FY 2024
$730
$734
$963
$1,275
$1,586
FY 2023
$670
$717
$921
$1,250
$1,478
Questions about ZIP 54735 rents
How much will Section 8 pay for a two-bedroom in ZIP 54735?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,042, that basic range is $938 to $1,146 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 54735 in?
ZIP 54735 is in the Dunn County, WI non-metropolitan FMR area.
How much did fair market rent change in ZIP 54735 for FY 2027?
The two-bedroom FMR rose 1.8%, from $1,024 in FY 2026 to $1,042 in FY 2027. Since FY 2023 it has risen 13.1%.
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