FY2027 Small Area FMR · Oconomowoc, WI

ZIP 53066 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 53066 (Oconomowoc, WI) is $1,410 a month, down 4.1% from FY2026. That is 12% above the Milwaukee-Waukesha, WI area-wide FMR of $1,263.

2-bedroom SAFMR$1,410per month ▼ 4.1%

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

Rank in the area39thof 100 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,269

2 BR Small Area FMR$1,410

110% of SAFMR$1,551

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

Studio$1,090▼ 2.7%

1 BR$1,180▼ 4.1%

2 BR$1,410▼ 4.1%

3 BR$1,750▼ 3.8%

4 BR$1,860▼ 5.1%

FY2027 FY2026

Where 53066 sits in the Milwaukee-Waukesha, WI area

Of the 100 ZIP codes HUD lists for the area, 53066 has the 39th 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 $1,410 for this ZIP code instead.

ZIP code 53066 crosses more than one HUD area. HUD also lists it under Dodge County, WI (same figures) and Jefferson County, WI (same figures). The figure that applies depends on which side of the line the home is.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,090	$981 – $1,199	$985	$1,120
1 bedroom	$1,180	$1,062 – $1,298	$1,060	$1,230
2 bedrooms	$1,410	$1,269 – $1,551	$1,263	$1,470
3 bedrooms	$1,750	$1,575 – $1,925	$1,553	$1,820
4 bedrooms	$1,860	$1,674 – $2,046	$1,664	$1,960

A household renting a two-bedroom home at the Small Area FMR of $1,410 needs about $56,400 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 53066 lies mainly in Waukesha County, Jefferson County and Dodge 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
53069	Okauchee	2.9 mi	$1,470
53058	Nashotah	4.0 mi	$1,560
53036	Ixonia	6.3 mi	$1,360
53003	Ashippun	6.5 mi	$1,370
53018	Delafield	6.7 mi	$1,760
53029	Hartland	7.9 mi	$1,300

Questions

What is the Fair Market Rent for ZIP code 53066?

HUD's FY2027 Small Area Fair Market Rents for 53066 are $1,090 (studio), $1,180 (1 BR), $1,410 (2 BR), $1,750 (3 BR) and $1,860 (4 BR) a month.

What is the Section 8 payment standard in 53066?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 53066 that range is $1,269 to $1,551 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 53066?

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.