FY2027 Small Area FMR · Milwaukee, WI

ZIP 53205 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 53205 (Milwaukee, WI) is $1,210 a month, up 6.1% from FY2026. That is 4% below the Milwaukee-Waukesha, WI area-wide FMR of $1,263.

2-bedroom SAFMR$1,210per month ▲ 6.1%

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

Rank in the area70thof 100 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,089

2 BR Small Area FMR$1,210

110% of SAFMR$1,331

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

Studio$930▲ 9.4%

1 BR$1,010▲ 5.2%

2 BR$1,210▲ 6.1%

3 BR$1,490▲ 5.7%

4 BR$1,610▲ 4.5%

FY2027 FY2026

Where 53205 sits in the Milwaukee-Waukesha, WI area

Of the 100 ZIP codes HUD lists for the area, 53205 has the 70th 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 $1,210 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	$930	$837 – $1,023	$985	$850
1 bedroom	$1,010	$909 – $1,111	$1,060	$960
2 bedrooms	$1,210	$1,089 – $1,331	$1,263	$1,140
3 bedrooms	$1,490	$1,341 – $1,639	$1,553	$1,410
4 bedrooms	$1,610	$1,449 – $1,771	$1,664	$1,540

A household renting a two-bedroom home at the Small Area FMR of $1,210 needs about $48,400 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 53205 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
53233	Milwaukee	1.1 mi	$1,210
53203	Milwaukee	1.4 mi	$1,890
53206	Milwaukee	1.5 mi	$1,210
53208	Milwaukee	1.7 mi	$1,210
53212	Milwaukee	1.9 mi	$1,240
53202	Milwaukee	2.1 mi	$1,890

Questions

What is the Fair Market Rent for ZIP code 53205?

HUD's FY2027 Small Area Fair Market Rents for 53205 are $930 (studio), $1,010 (1 BR), $1,210 (2 BR), $1,490 (3 BR) and $1,610 (4 BR) a month.

What is the Section 8 payment standard in 53205?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 53205 that range is $1,089 to $1,331 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 53205?

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.