FY2027 Small Area FMR · Montreal, WI

ZIP 54550 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 54550 (Montreal, WI) is $1,190 a month, up 2.6% from FY2026. That is 17% above the Iron County, WI area-wide FMR of $1,014.

2-bedroom SAFMR$1,190per month ▲ 2.6%

Area-wide 2 BR FMR$1,014Iron County, WI

Rank in the area3rdof 13 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$970▲ 7.8%

2 BR$1,190▲ 2.6%

3 BR$1,480▲ 2.1%

4 BR$1,880▲ 5.0%

FY2027 FY2026

Where 54550 sits in the Iron County, WI area

Of the 13 ZIP codes HUD lists for the area, 54550 has the 3rd highest two-bedroom Small Area FMR. Iron 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 $1,014 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	$732	$820
1 bedroom	$970	$873 – $1,067	$830	$900
2 bedrooms	$1,190	$1,071 – $1,309	$1,014	$1,160
3 bedrooms	$1,480	$1,332 – $1,628	$1,262	$1,450
4 bedrooms	$1,880	$1,692 – $2,068	$1,604	$1,790

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 $82,300 and the 80% low-income limit for four people is $76,800. ZIP code 54550 lies mainly in Iron County. See the Iron County, WI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
54534	Hurley	2.5 mi	$1,010
54525	Gile	5.0 mi	$1,010
54536	Iron Belt	5.4 mi	$1,090
54565	Upson	10.5 mi	$1,010
54547	Mercer	13.2 mi	$1,200
54559	Saxon	13.8 mi	$1,040

Questions

What is the Fair Market Rent for ZIP code 54550?

HUD's FY2027 Small Area Fair Market Rents for 54550 are $860 (studio), $970 (1 BR), $1,190 (2 BR), $1,480 (3 BR) and $1,880 (4 BR) a month.

What is the Section 8 payment standard in 54550?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 54550 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 54550?

The FY2026 income limits of the Iron County, WI area apply: median family income $82,300, low-income (80%) limit $76,800 for a family of four.