FY2027 Small Area FMR · Milwaukee, WI

ZIP 53295 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 53295 (Milwaukee, WI) is $1,240 a month, down 5.3% from FY2026. That is 2% below the Milwaukee-Waukesha, WI area-wide FMR of $1,263.

2-bedroom SAFMR$1,240per month ▼ 5.3%

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

Rank in the area62ndof 100 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,116

2 BR Small Area FMR$1,240

110% of SAFMR$1,364

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

Studio$970▼ 4.0%

1 BR$1,040▼ 5.5%

2 BR$1,240▼ 5.3%

3 BR$1,520▼ 5.6%

4 BR$1,630▼ 6.9%

FY2027 FY2026

Where 53295 sits in the Milwaukee-Waukesha, WI area

Of the 100 ZIP codes HUD lists for the area, 53295 has the 62nd 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 $1,240 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	$970	$873 – $1,067	$985	$1,010
1 bedroom	$1,040	$936 – $1,144	$1,060	$1,100
2 bedrooms	$1,240	$1,116 – $1,364	$1,263	$1,310
3 bedrooms	$1,520	$1,368 – $1,672	$1,553	$1,610
4 bedrooms	$1,630	$1,467 – $1,793	$1,664	$1,750

A household renting a two-bedroom home at the Small Area FMR of $1,240 needs about $49,600 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 53295 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
53208	Milwaukee	1.8 mi	$1,210
53214	Milwaukee	1.9 mi	$1,240
53219	Milwaukee	2.1 mi	$1,210
53213	Milwaukee	2.2 mi	$1,430
53215	Milwaukee	2.3 mi	$1,210
53233	Milwaukee	2.4 mi	$1,210

Questions

What is the Fair Market Rent for ZIP code 53295?

HUD's FY2027 Small Area Fair Market Rents for 53295 are $970 (studio), $1,040 (1 BR), $1,240 (2 BR), $1,520 (3 BR) and $1,630 (4 BR) a month.

What is the Section 8 payment standard in 53295?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 53295 that range is $1,116 to $1,364 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 53295?

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.