FY2027 Small Area FMR · Elm Grove, WI
ZIP 53122 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 53122 (Elm Grove, WI) is $1,860 a month, unchanged from FY2026. That is 47% above the Milwaukee-Waukesha, WI area-wide FMR of $1,263.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 53122 sits in the Milwaukee-Waukesha, WI area
Of the 100 ZIP codes HUD lists for the area, 53122 has the 6th 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 $1,860 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,450 | $1,305 – $1,595 | $985 | $1,430 |
| 1 bedroom | $1,560 | $1,404 – $1,716 | $1,060 | $1,560 |
| 2 bedrooms | $1,860 | $1,674 – $2,046 | $1,263 | $1,860 |
| 3 bedrooms | $2,290 | $2,061 – $2,519 | $1,553 | $2,290 |
| 4 bedrooms | $2,450 | $2,205 – $2,695 | $1,664 | $2,480 |
A household renting a two-bedroom home at the Small Area FMR of $1,860 needs about $74,400 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 53122 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
Questions
What is the Fair Market Rent for ZIP code 53122?
HUD's FY2027 Small Area Fair Market Rents for 53122 are $1,450 (studio), $1,560 (1 BR), $1,860 (2 BR), $2,290 (3 BR) and $2,450 (4 BR) a month.
What is the Section 8 payment standard in 53122?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 53122 that range is $1,674 to $2,046 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 53122?
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.