FY2027 Small Area FMR · Honey Creek, WI

ZIP 53138 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 53138 (Honey Creek, WI) is $1,280 a month, up 3.2% from FY2026. That is 0% equal to the Racine-Mount Pleasant, WI area-wide FMR of $1,283.

2-bedroom SAFMR$1,280per month ▲ 3.2%

Area-wide 2 BR FMR$1,283Racine-Mount Pleasant, WI

Rank in the area14thof 20 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,152

2 BR Small Area FMR$1,280

110% of SAFMR$1,408

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

Studio$920▲ 8.2%

1 BR$1,030▲ 4.0%

2 BR$1,280▲ 3.2%

3 BR$1,640▲ 2.5%

4 BR$1,980▲ 0.5%

FY2027 FY2026

Where 53138 sits in the Racine-Mount Pleasant, WI area

Of the 20 ZIP codes HUD lists for the area, 53138 has the 14th highest two-bedroom Small Area FMR. Racine-Mount Pleasant, 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 $1,283 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,280 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	$920	$828 – $1,012	$926	$850
1 bedroom	$1,030	$927 – $1,133	$1,036	$990
2 bedrooms	$1,280	$1,152 – $1,408	$1,283	$1,240
3 bedrooms	$1,640	$1,476 – $1,804	$1,639	$1,600
4 bedrooms	$1,980	$1,782 – $2,178	$1,984	$1,970

A household renting a two-bedroom home at the Small Area FMR of $1,280 needs about $51,200 a year to keep housing costs at 30% of income. The area median family income is $104,300 and the 80% low-income limit for four people is $83,450. ZIP code 53138 lies mainly in Walworth County. See the Racine-Mount Pleasant, WI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
53167	Rochester	4.2 mi	$1,340
53105	Burlington	6.0 mi	$1,320
53185	Waterford	6.7 mi	$1,450
53120	East Troy	6.7 mi	$1,680
53149	Mukwonago	9.1 mi	$1,270
53176	Springfield	9.5 mi	$1,440

Questions

What is the Fair Market Rent for ZIP code 53138?

HUD's FY2027 Small Area Fair Market Rents for 53138 are $920 (studio), $1,030 (1 BR), $1,280 (2 BR), $1,640 (3 BR) and $1,980 (4 BR) a month.

What is the Section 8 payment standard in 53138?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 53138 that range is $1,152 to $1,408 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 53138?

The FY2026 income limits of the Racine-Mount Pleasant, WI area apply: median family income $104,300, low-income (80%) limit $83,450 for a family of four.