FY2027 Small Area FMR · Three Lakes, WI
ZIP 54562 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 54562 (Three Lakes, WI) is $1,010 a month, up 4.1% from FY2026. That is 0% equal to the Forest County, WI area-wide FMR of $1,014.
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 54562 sits in the Forest County, WI area
Of the 12 ZIP codes HUD lists for the area, 54562 has the 8th highest two-bedroom Small Area FMR. Forest 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 $1,010 for this ZIP code instead.
ZIP code 54562 crosses more than one HUD area. HUD also lists it under Oneida County, WI (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $840 | $756 – $924 | $732 | $690 |
| 1 bedroom | $930 | $837 – $1,023 | $775 | $850 |
| 2 bedrooms | $1,010 | $909 – $1,111 | $1,014 | $970 |
| 3 bedrooms | $1,280 | $1,152 – $1,408 | $1,281 | $1,170 |
| 4 bedrooms | $1,430 | $1,287 – $1,573 | $1,362 | $1,390 |
A household renting a two-bedroom home at the Small Area FMR of $1,010 needs about $40,400 a year to keep housing costs at 30% of income. The area median family income is $76,900 and the 80% low-income limit for four people is $76,800. ZIP code 54562 lies mainly in Oneida County and Forest County. See the Forest County, 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 54562?
HUD's FY2027 Small Area Fair Market Rents for 54562 are $840 (studio), $930 (1 BR), $1,010 (2 BR), $1,280 (3 BR) and $1,430 (4 BR) a month.
What is the Section 8 payment standard in 54562?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 54562 that range is $909 to $1,111 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 54562?
The FY2026 income limits of the Forest County, WI area apply: median family income $76,900, low-income (80%) limit $76,800 for a family of four.