FY2027 Small Area FMR · Arena, WI

ZIP 53503 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 53503 (Arena, WI) is $1,140 a month, down 6.6% from FY2026. That is 4% above the Iowa County, WI area-wide FMR of $1,093.

2-bedroom SAFMR$1,140per month ▼ 6.6%

Area-wide 2 BR FMR$1,093Iowa County, WI

Rank in the area11thof 22 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,026

2 BR Small Area FMR$1,140

110% of SAFMR$1,254

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

Studio$870▼ 5.4%

1 BR$870▼ 6.5%

2 BR$1,140▼ 6.6%

3 BR$1,520▼ 5.0%

4 BR$1,910▼ 6.8%

FY2027 FY2026

Where 53503 sits in the Iowa County, WI area

Of the 22 ZIP codes HUD lists for the area, 53503 has the 11th highest two-bedroom Small Area FMR. Iowa County, 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 $1,093 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,140 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	$870	$783 – $957	$830	$920
1 bedroom	$870	$783 – $957	$836	$930
2 bedrooms	$1,140	$1,026 – $1,254	$1,093	$1,220
3 bedrooms	$1,520	$1,368 – $1,672	$1,460	$1,600
4 bedrooms	$1,910	$1,719 – $2,101	$1,827	$2,050

A household renting a two-bedroom home at the Small Area FMR of $1,140 needs about $45,600 a year to keep housing costs at 30% of income. The area median family income is $110,900 and the 80% low-income limit for four people is $88,700. ZIP code 53503 lies mainly in Iowa County. See the Iowa County, WI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
53588	Spring Green	7.4 mi	$1,150
53517	Blue Mounds	8.7 mi	$1,530
53582	Ridgeway	8.7 mi	$1,060
53583	Sauk City	10.7 mi	$1,530
53515	Black Earth	11.2 mi	$1,530
53507	Barneveld	11.2 mi	$1,530

Questions

What is the Fair Market Rent for ZIP code 53503?

HUD's FY2027 Small Area Fair Market Rents for 53503 are $870 (studio), $870 (1 BR), $1,140 (2 BR), $1,520 (3 BR) and $1,910 (4 BR) a month.

What is the Section 8 payment standard in 53503?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 53503 that range is $1,026 to $1,254 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 53503?

The FY2026 income limits of the Iowa County, WI area apply: median family income $110,900, low-income (80%) limit $88,700 for a family of four.