FMR is below market; voucher rent may lag private rents.
0.75
1 BR
1 BR
0.83ratio
FMR$936
Market$1,130
vs market-$194
FMR is below market; voucher rent may lag private rents.
0.83
2 BR
2 BR
0.96ratio
FMR$1,195
Market$1,240
vs market-$45
FMR is near market; voucher and private rents are aligned.
0.96
3 BR
3 BR
1.10ratio
FMR$1,609
Market$1,460
vs market+$149
FMR is above market; underwrite to market rent.
1.10
4 BR
4 BR
1.08ratio
FMR$1,646
Market$1,520
vs market+$126
FMR is near market; voucher and private rents are aligned.
1.08
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 54906 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 54906 (Oshkosh, WI) is $1,195 a month. That is up 4.0% from $1,149 in FY 2026. Oshkosh is in the Oshkosh-Neenah, WI MSA. The median county two-bedroom FMR in Wisconsin is $1,041, so ZIP 54906 is 15% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 54906
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$875
$909
+3.9%
$818–$1,000
1BR
$889
$936
+5.3%
$842–$1,030
2BR
$1,149
$1,195
+4.0%
$1,076–$1,315
3BR
$1,543
$1,609
+4.3%
$1,448–$1,770
4BR
$1,651
$1,646
−0.3%
$1,481–$1,811
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 54906
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$909
$936
$1,195
$1,609
$1,646
FY 2026
$875
$889
$1,149
$1,543
$1,651
FY 2025
$791
$812
$1,055
$1,411
$1,582
FY 2024
$767
$779
$1,010
$1,347
$1,567
FY 2023
$712
$739
$954
$1,289
$1,502
Questions about ZIP 54906 rents
How much will Section 8 pay for a two-bedroom in ZIP 54906?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,195, that basic range is $1,076 to $1,315 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 54906 in?
ZIP 54906 is in the Oshkosh-Neenah, WI MSA. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in ZIP 54906 for FY 2027?
The two-bedroom FMR rose 4.0%, from $1,149 in FY 2026 to $1,195 in FY 2027. Since FY 2023 it has risen 25.3%.
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