FY2027 Small Area FMR · Menomonee Falls, WI

ZIP 53051 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 53051 (Menomonee Falls, WI) is $1,550 a month, down 5.5% from FY2026. That is 23% above the Milwaukee-Waukesha, WI area-wide FMR of $1,263.

2-bedroom SAFMR$1,550per month ▼ 5.5%

Area-wide 2 BR FMR$1,263Milwaukee-Waukesha, WI

Rank in the area17thof 100 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,395

2 BR Small Area FMR$1,550

110% of SAFMR$1,705

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,210▼ 4.0%

1 BR$1,300▼ 5.1%

2 BR$1,550▼ 5.5%

3 BR$1,910▼ 5.4%

4 BR$2,040▼ 6.8%

FY2027 FY2026

Where 53051 sits in the Milwaukee-Waukesha, WI area

Of the 100 ZIP codes HUD lists for the area, 53051 has the 17th highest two-bedroom Small Area FMR. Milwaukee-Waukesha, WI is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,263 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,550 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,210	$1,089 – $1,331	$985	$1,260
1 bedroom	$1,300	$1,170 – $1,430	$1,060	$1,370
2 bedrooms	$1,550	$1,395 – $1,705	$1,263	$1,640
3 bedrooms	$1,910	$1,719 – $2,101	$1,553	$2,020
4 bedrooms	$2,040	$1,836 – $2,244	$1,664	$2,190

A household renting a two-bedroom home at the Small Area FMR of $1,550 needs about $62,000 a year to keep housing costs at 30% of income. The area median family income is $108,400 and the 80% low-income limit for four people is $86,700. ZIP code 53051 lies mainly in Waukesha County. See the Milwaukee-Waukesha, WI metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
53046	Lannon	1.9 mi	$1,470
53224	Milwaukee	4.1 mi	$1,290
53007	Butler	4.3 mi	$1,210
53225	Milwaukee	5.0 mi	$1,210
53022	Germantown	5.0 mi	$1,480
53089	Sussex	5.7 mi	$1,490

Questions

What is the Fair Market Rent for ZIP code 53051?

HUD's FY2027 Small Area Fair Market Rents for 53051 are $1,210 (studio), $1,300 (1 BR), $1,550 (2 BR), $1,910 (3 BR) and $2,040 (4 BR) a month.

What is the Section 8 payment standard in 53051?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 53051 that range is $1,395 to $1,705 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 53051?

The FY2026 income limits of the Milwaukee-Waukesha, WI area apply: median family income $108,400, low-income (80%) limit $86,700 for a family of four.