FY2027 Small Area FMR · Lake Geneva, WI

ZIP 53147 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 53147 (Lake Geneva, WI) is $1,480 a month, up 12.1% from FY2026. That is 14% above the Walworth County, WI area-wide FMR of $1,300.

2-bedroom SAFMR$1,480per month ▲ 12.1%

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

Rank in the area4thof 21 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,332

2 BR Small Area FMR$1,480

110% of SAFMR$1,628

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

Studio$1,030▲ 13.2%

1 BR$1,130▲ 11.9%

2 BR$1,480▲ 12.1%

3 BR$1,850▲ 11.4%

4 BR$2,440▲ 14.0%

FY2027 FY2026

Where 53147 sits in the Walworth County, WI area

Of the 21 ZIP codes HUD lists for the area, 53147 has the 4th 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 $1,480 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	$1,030	$927 – $1,133	$905	$910
1 bedroom	$1,130	$1,017 – $1,243	$994	$1,010
2 bedrooms	$1,480	$1,332 – $1,628	$1,300	$1,320
3 bedrooms	$1,850	$1,665 – $2,035	$1,625	$1,660
4 bedrooms	$2,440	$2,196 – $2,684	$2,142	$2,140

A household renting a two-bedroom home at the Small Area FMR of $1,480 needs about $59,200 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 53147 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
53195	Zenda	3.5 mi	$1,090
53125	Fontana	5.0 mi	$1,510
53157	Pell Lake	5.1 mi	$1,300
53191	Williams Bay	5.4 mi	$1,170
53176	Springfield	5.8 mi	$1,440
53128	Genoa City	6.4 mi	$1,420

Questions

What is the Fair Market Rent for ZIP code 53147?

HUD's FY2027 Small Area Fair Market Rents for 53147 are $1,030 (studio), $1,130 (1 BR), $1,480 (2 BR), $1,850 (3 BR) and $2,440 (4 BR) a month.

What is the Section 8 payment standard in 53147?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 53147 that range is $1,332 to $1,628 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 53147?

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.