FY2027 Small Area FMR · Norwalk, WI

ZIP 54648 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 54648 (Norwalk, WI) is $1,010 a month, up 4.1% from FY2026. That is 3% below the Monroe County, WI area-wide FMR of $1,039.

2-bedroom SAFMR$1,010per month ▲ 4.1%

Area-wide 2 BR FMR$1,039Monroe County, WI

Rank in the area11thof 14 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$909

2 BR Small Area FMR$1,010

110% of SAFMR$1,111

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

Studio$710▲ 6.0%

1 BR$810▲ 3.8%

2 BR$1,010▲ 4.1%

3 BR$1,360▲ 6.2%

4 BR$1,440▲ 5.1%

FY2027 FY2026

Where 54648 sits in the Monroe County, WI area

Of the 14 ZIP codes HUD lists for the area, 54648 has the 11th highest two-bedroom Small Area FMR. Monroe 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 $1,039 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,010 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	$710	$639 – $781	$724	$670
1 bedroom	$810	$729 – $891	$833	$780
2 bedrooms	$1,010	$909 – $1,111	$1,039	$970
3 bedrooms	$1,360	$1,224 – $1,496	$1,383	$1,280
4 bedrooms	$1,440	$1,296 – $1,584	$1,469	$1,370

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 $93,800 and the 80% low-income limit for four people is $76,800. ZIP code 54648 lies mainly in Monroe County. See the Monroe County, WI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
54619	Cashton	7.8 mi	$1,110
54651	Ontario	8.3 mi	$1,160
54670	Wilton	8.3 mi	$1,010
54653	Rockland	12.4 mi	$1,320
54638	Kendall	12.5 mi	$1,010
54660	Tomah	13.2 mi	$1,050

Questions

What is the Fair Market Rent for ZIP code 54648?

HUD's FY2027 Small Area Fair Market Rents for 54648 are $710 (studio), $810 (1 BR), $1,010 (2 BR), $1,360 (3 BR) and $1,440 (4 BR) a month.

What is the Section 8 payment standard in 54648?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 54648 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 54648?

The FY2026 income limits of the Monroe County, WI area apply: median family income $93,800, low-income (80%) limit $76,800 for a family of four.