FY2027 Small Area FMR · Milwaukee, WI

ZIP 53207 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 53207 (Milwaukee, WI) is $1,320 a month, down 2.9% from FY2026. That is 5% above the Milwaukee-Waukesha, WI area-wide FMR of $1,263.

2-bedroom SAFMR$1,320per month ▼ 2.9%

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

Rank in the area47thof 100 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,188

2 BR Small Area FMR$1,320

110% of SAFMR$1,452

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

Studio$1,030▼ 1.0%

1 BR$1,110▼ 2.6%

2 BR$1,320▼ 2.9%

3 BR$1,620▼ 3.0%

4 BR$1,740▼ 3.9%

FY2027 FY2026

Where 53207 sits in the Milwaukee-Waukesha, WI area

Of the 100 ZIP codes HUD lists for the area, 53207 has the 47th 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 $1,320 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	$985	$1,040
1 bedroom	$1,110	$999 – $1,221	$1,060	$1,140
2 bedrooms	$1,320	$1,188 – $1,452	$1,263	$1,360
3 bedrooms	$1,620	$1,458 – $1,782	$1,553	$1,670
4 bedrooms	$1,740	$1,566 – $1,914	$1,664	$1,810

A household renting a two-bedroom home at the Small Area FMR of $1,320 needs about $52,800 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 53207 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
53235	Saint Francis	1.6 mi	$1,210
53110	Cudahy	2.6 mi	$1,210
53221	Milwaukee	2.7 mi	$1,320
53215	Milwaukee	2.8 mi	$1,210
53204	Milwaukee	3.3 mi	$1,210
53203	Milwaukee	4.4 mi	$1,890

Questions

What is the Fair Market Rent for ZIP code 53207?

HUD's FY2027 Small Area Fair Market Rents for 53207 are $1,030 (studio), $1,110 (1 BR), $1,320 (2 BR), $1,620 (3 BR) and $1,740 (4 BR) a month.

What is the Section 8 payment standard in 53207?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 53207 that range is $1,188 to $1,452 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 53207?

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.