FY2027 Small Area FMR · Delavan, WI

ZIP 53115 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 53115 (Delavan, WI) is $1,240 a month, up 8.8% from FY2026. That is 5% below the Walworth County, WI area-wide FMR of $1,300.

2-bedroom SAFMR$1,240per month ▲ 8.8%

Area-wide 2 BR FMR$1,300Walworth County, WI

Rank in the area12thof 21 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,116

2 BR Small Area FMR$1,240

110% of SAFMR$1,364

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

Studio$860▲ 8.9%

1 BR$950▲ 9.2%

2 BR$1,240▲ 8.8%

3 BR$1,550▲ 8.4%

4 BR$2,040▲ 10.3%

FY2027 FY2026

Where 53115 sits in the Walworth County, WI area

Of the 21 ZIP codes HUD lists for the area, 53115 has the 12th highest two-bedroom Small Area FMR. Walworth County, 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 $1,300 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,240 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	$860	$774 – $946	$905	$790
1 bedroom	$950	$855 – $1,045	$994	$870
2 bedrooms	$1,240	$1,116 – $1,364	$1,300	$1,140
3 bedrooms	$1,550	$1,395 – $1,705	$1,625	$1,430
4 bedrooms	$2,040	$1,836 – $2,244	$2,142	$1,850

A household renting a two-bedroom home at the Small Area FMR of $1,240 needs about $49,600 a year to keep housing costs at 30% of income. The area median family income is $118,900 and the 80% low-income limit for four people is $95,100. ZIP code 53115 lies mainly in Walworth County. See the Walworth County, WI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
53114	Darien	5.9 mi	$1,130
53191	Williams Bay	7.6 mi	$1,170
53505	Avalon	7.8 mi	$1,690
53121	Elkhorn	8.1 mi	$1,200
53585	Sharon	9.1 mi	$1,240
53184	Walworth	9.3 mi	$1,170

Questions

What is the Fair Market Rent for ZIP code 53115?

HUD's FY2027 Small Area Fair Market Rents for 53115 are $860 (studio), $950 (1 BR), $1,240 (2 BR), $1,550 (3 BR) and $2,040 (4 BR) a month.

What is the Section 8 payment standard in 53115?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 53115 that range is $1,116 to $1,364 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 53115?

The FY2026 income limits of the Walworth County, WI area apply: median family income $118,900, low-income (80%) limit $95,100 for a family of four.