FY2027 Small Area FMR · Altoona, WI
ZIP 54720 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 54720 (Altoona, WI) is $1,450 a month, up 13.3% from FY2026. That is 15% above the Eau Claire, WI area-wide FMR of $1,259.
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 54720 sits in the Eau Claire, WI area
Of the 24 ZIP codes HUD lists for the area, 54720 has the 1st highest two-bedroom Small Area FMR. Eau Claire, 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 $1,259 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,450 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,170 | $1,053 – $1,287 | $1,014 | $1,010 |
| 1 bedroom | $1,170 | $1,053 – $1,287 | $1,017 | $1,040 |
| 2 bedrooms | $1,450 | $1,305 – $1,595 | $1,259 | $1,280 |
| 3 bedrooms | $1,950 | $1,755 – $2,145 | $1,695 | $1,710 |
| 4 bedrooms | $1,960 | $1,764 – $2,156 | $1,701 | $1,720 |
A household renting a two-bedroom home at the Small Area FMR of $1,450 needs about $58,000 a year to keep housing costs at 30% of income. The area median family income is $101,300 and the 80% low-income limit for four people is $81,050. ZIP code 54720 lies mainly in Eau Claire County. See the Eau Claire, WI metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 54720?
HUD's FY2027 Small Area Fair Market Rents for 54720 are $1,170 (studio), $1,170 (1 BR), $1,450 (2 BR), $1,950 (3 BR) and $1,960 (4 BR) a month.
What is the Section 8 payment standard in 54720?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 54720 that range is $1,305 to $1,595 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 54720?
The FY2026 income limits of the Eau Claire, WI area apply: median family income $101,300, low-income (80%) limit $81,050 for a family of four.