FY2027 Small Area FMR · Oak Creek, WI

ZIP 53154 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 53154 (Oak Creek, WI) is $1,720 a month, down 2.8% from FY2026. That is 36% above the Milwaukee-Waukesha, WI area-wide FMR of $1,263.

2-bedroom SAFMR$1,720per month ▼ 2.8%

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

Rank in the area8thof 100 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,548

2 BR Small Area FMR$1,720

110% of SAFMR$1,892

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

Studio$1,340▼ 1.5%

1 BR$1,440▼ 2.7%

2 BR$1,720▼ 2.8%

3 BR$2,110▼ 3.2%

4 BR$2,270▼ 3.8%

FY2027 FY2026

Where 53154 sits in the Milwaukee-Waukesha, WI area

Of the 100 ZIP codes HUD lists for the area, 53154 has the 8th 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 $1,720 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	$1,340	$1,206 – $1,474	$985	$1,360
1 bedroom	$1,440	$1,296 – $1,584	$1,060	$1,480
2 bedrooms	$1,720	$1,548 – $1,892	$1,263	$1,770
3 bedrooms	$2,110	$1,899 – $2,321	$1,553	$2,180
4 bedrooms	$2,270	$2,043 – $2,497	$1,664	$2,360

A household renting a two-bedroom home at the Small Area FMR of $1,720 needs about $68,800 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 53154 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
53172	South Milwaukee	3.0 mi	$1,210
53108	Caledonia	4.9 mi	$1,590
53110	Cudahy	5.3 mi	$1,210
53221	Milwaukee	5.7 mi	$1,320
53132	Franklin	5.7 mi	$1,600
53207	Milwaukee	6.7 mi	$1,320

Questions

What is the Fair Market Rent for ZIP code 53154?

HUD's FY2027 Small Area Fair Market Rents for 53154 are $1,340 (studio), $1,440 (1 BR), $1,720 (2 BR), $2,110 (3 BR) and $2,270 (4 BR) a month.

What is the Section 8 payment standard in 53154?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 53154 that range is $1,548 to $1,892 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 53154?

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.