FY2027 Small Area FMR · Racine, WI
ZIP 53402 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 53402 (Racine, WI) is $1,320 a month, up 3.9% from FY2026. That is 3% above the Racine-Mount Pleasant, WI area-wide FMR of $1,283.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 53402 sits in the Racine-Mount Pleasant, WI area
Of the 20 ZIP codes HUD lists for the area, 53402 has the 11th highest two-bedroom Small Area FMR. Racine-Mount Pleasant, 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 $1,283 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,320 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $950 | $855 – $1,045 | $926 | $880 |
| 1 bedroom | $1,070 | $963 – $1,177 | $1,036 | $1,020 |
| 2 bedrooms | $1,320 | $1,188 – $1,452 | $1,283 | $1,270 |
| 3 bedrooms | $1,690 | $1,521 – $1,859 | $1,639 | $1,640 |
| 4 bedrooms | $2,040 | $1,836 – $2,244 | $1,984 | $2,020 |
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 $104,300 and the 80% low-income limit for four people is $83,450. ZIP code 53402 lies mainly in Racine County. See the Racine-Mount Pleasant, WI county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 53402?
HUD's FY2027 Small Area Fair Market Rents for 53402 are $950 (studio), $1,070 (1 BR), $1,320 (2 BR), $1,690 (3 BR) and $2,040 (4 BR) a month.
What is the Section 8 payment standard in 53402?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 53402 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 53402?
The FY2026 income limits of the Racine-Mount Pleasant, WI area apply: median family income $104,300, low-income (80%) limit $83,450 for a family of four.