FY2027 Small Area FMR · Afton, WI

ZIP 53501 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 53501 (Afton, WI) is $1,280 a month, up 2.4% from FY2026. That is 0% equal to the Janesville-Beloit, WI area-wide FMR of $1,280.

2-bedroom SAFMR$1,280per month ▲ 2.4%

Area-wide 2 BR FMR$1,280Janesville-Beloit, WI

Rank in the area9thof 22 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,152

2 BR Small Area FMR$1,280

110% of SAFMR$1,408

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

Studio$980▲ 8.9%

1 BR$1,000▲ 4.2%

2 BR$1,280▲ 2.4%

3 BR$1,630▲ 2.5%

4 BR$1,690▲ 2.4%

FY2027 FY2026

Where 53501 sits in the Janesville-Beloit, WI area

Of the 22 ZIP codes HUD lists for the area, 53501 has the 9th highest two-bedroom Small Area FMR. Janesville-Beloit, 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 $1,280 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,280 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	$980	$882 – $1,078	$976	$900
1 bedroom	$1,000	$900 – $1,100	$998	$960
2 bedrooms	$1,280	$1,152 – $1,408	$1,280	$1,250
3 bedrooms	$1,630	$1,467 – $1,793	$1,621	$1,590
4 bedrooms	$1,690	$1,521 – $1,859	$1,682	$1,650

A household renting a two-bedroom home at the Small Area FMR of $1,280 needs about $51,200 a year to keep housing costs at 30% of income. The area median family income is $94,500 and the 80% low-income limit for four people is $76,800. ZIP code 53501 lies mainly in Rock County. See the Janesville-Beloit, WI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
53511	Beloit	3.9 mi	$1,290
53548	Janesville	6.1 mi	$1,270
53546	Janesville	6.8 mi	$1,300
53576	Orfordville	8.6 mi	$1,380
53537	Footville	8.7 mi	$1,130
53545	Janesville	9.2 mi	$1,330

Questions

What is the Fair Market Rent for ZIP code 53501?

HUD's FY2027 Small Area Fair Market Rents for 53501 are $980 (studio), $1,000 (1 BR), $1,280 (2 BR), $1,630 (3 BR) and $1,690 (4 BR) a month.

What is the Section 8 payment standard in 53501?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 53501 that range is $1,152 to $1,408 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 53501?

The FY2026 income limits of the Janesville-Beloit, WI area apply: median family income $94,500, low-income (80%) limit $76,800 for a family of four.