FY2027 Small Area FMR · Racine, WI

ZIP 53405 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 53405 (Racine, WI) is $1,190 a month, unchanged from FY2026. That is 7% below the Racine-Mount Pleasant, WI area-wide FMR of $1,283.

2-bedroom SAFMR$1,190per month ■ 0.0%

Area-wide 2 BR FMR$1,283Racine-Mount Pleasant, WI

Rank in the area19thof 20 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,071

2 BR Small Area FMR$1,190

110% of SAFMR$1,309

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

Studio$860▲ 4.9%

1 BR$960▲ 1.1%

2 BR$1,190■ 0.0%

3 BR$1,520▼ 0.7%

4 BR$1,840▼ 2.6%

FY2027 FY2026

Where 53405 sits in the Racine-Mount Pleasant, WI area

Of the 20 ZIP codes HUD lists for the area, 53405 has the 19th 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 $1,190 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	$860	$774 – $946	$926	$820
1 bedroom	$960	$864 – $1,056	$1,036	$950
2 bedrooms	$1,190	$1,071 – $1,309	$1,283	$1,190
3 bedrooms	$1,520	$1,368 – $1,672	$1,639	$1,530
4 bedrooms	$1,840	$1,656 – $2,024	$1,984	$1,890

A household renting a two-bedroom home at the Small Area FMR of $1,190 needs about $47,600 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 53405 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

ZIP	Place	Distance	2 BR SAFMR
53406	Racine	1.8 mi	$1,260
53404	Racine	2.1 mi	$1,190
53403	Racine	3.0 mi	$1,290
53402	Racine	4.8 mi	$1,320
53177	Sturtevant	5.5 mi	$1,590
53140	Kenosha	7.2 mi	$1,360

Questions

What is the Fair Market Rent for ZIP code 53405?

HUD's FY2027 Small Area Fair Market Rents for 53405 are $860 (studio), $960 (1 BR), $1,190 (2 BR), $1,520 (3 BR) and $1,840 (4 BR) a month.

What is the Section 8 payment standard in 53405?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 53405 that range is $1,071 to $1,309 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 53405?

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.