FY2027 Small Area FMR · Big Bend, WI

ZIP 53103 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 53103 (Big Bend, WI) is $1,210 a month, down 4.0% from FY2026. That is 4% below the Milwaukee-Waukesha, WI area-wide FMR of $1,263.

2-bedroom SAFMR$1,210per month ▼ 4.0%

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

Rank in the area70thof 100 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,089

2 BR Small Area FMR$1,210

110% of SAFMR$1,331

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

Studio$940▼ 3.1%

1 BR$1,020▼ 2.9%

2 BR$1,210▼ 4.0%

3 BR$1,490▼ 3.9%

4 BR$1,610▼ 4.2%

FY2027 FY2026

Where 53103 sits in the Milwaukee-Waukesha, WI area

Of the 100 ZIP codes HUD lists for the area, 53103 has the 70th 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 $1,210 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	$940	$846 – $1,034	$985	$970
1 bedroom	$1,020	$918 – $1,122	$1,060	$1,050
2 bedrooms	$1,210	$1,089 – $1,331	$1,263	$1,260
3 bedrooms	$1,490	$1,341 – $1,639	$1,553	$1,550
4 bedrooms	$1,610	$1,449 – $1,771	$1,664	$1,680

A household renting a two-bedroom home at the Small Area FMR of $1,210 needs about $48,400 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 53103 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
53150	Muskego	4.0 mi	$1,410
53185	Waterford	5.8 mi	$1,450
53189	Waukesha	5.9 mi	$1,370
53149	Mukwonago	6.6 mi	$1,270
53146	New Berlin	7.0 mi	$1,350
53151	New Berlin	8.7 mi	$1,710

Questions

What is the Fair Market Rent for ZIP code 53103?

HUD's FY2027 Small Area Fair Market Rents for 53103 are $940 (studio), $1,020 (1 BR), $1,210 (2 BR), $1,490 (3 BR) and $1,610 (4 BR) a month.

What is the Section 8 payment standard in 53103?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 53103 that range is $1,089 to $1,331 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 53103?

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.