FY2027 Small Area FMR · Greendale, WI

ZIP 53129 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 53129 (Greendale, WI) is $1,350 a month, down 4.3% from FY2026. That is 7% above the Milwaukee-Waukesha, WI area-wide FMR of $1,263.

2-bedroom SAFMR$1,350per month ▼ 4.3%

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

Rank in the area44thof 100 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,215

2 BR Small Area FMR$1,350

110% of SAFMR$1,485

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

Studio$1,050▼ 2.8%

1 BR$1,130▼ 4.2%

2 BR$1,350▼ 4.3%

3 BR$1,660▼ 4.6%

4 BR$1,780▼ 5.3%

FY2027 FY2026

Where 53129 sits in the Milwaukee-Waukesha, WI area

Of the 100 ZIP codes HUD lists for the area, 53129 has the 44th 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 $1,350 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	$1,050	$945 – $1,155	$985	$1,080
1 bedroom	$1,130	$1,017 – $1,243	$1,060	$1,180
2 bedrooms	$1,350	$1,215 – $1,485	$1,263	$1,410
3 bedrooms	$1,660	$1,494 – $1,826	$1,553	$1,740
4 bedrooms	$1,780	$1,602 – $1,958	$1,664	$1,880

A household renting a two-bedroom home at the Small Area FMR of $1,350 needs about $54,000 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 53129 lies mainly in Milwaukee 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
53220	Milwaukee	1.8 mi	$1,280
53130	Hales Corners	2.5 mi	$1,490
53228	Milwaukee	2.9 mi	$1,430
53221	Milwaukee	3.0 mi	$1,320
53219	Milwaukee	3.8 mi	$1,210
53132	Franklin	3.9 mi	$1,600

Questions

What is the Fair Market Rent for ZIP code 53129?

HUD's FY2027 Small Area Fair Market Rents for 53129 are $1,050 (studio), $1,130 (1 BR), $1,350 (2 BR), $1,660 (3 BR) and $1,780 (4 BR) a month.

What is the Section 8 payment standard in 53129?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 53129 that range is $1,215 to $1,485 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 53129?

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.