Section 8 — Milwaukee-Waukesha, WI FMR

Section 8 rents
in milwaukee-waukesha.

HUD Fair Market Rents for every one of the 81 ZIP codes in the Milwaukee-Waukesha area (FY2026). The median 2-bedroom runs $1,380/mo and the median 3-bedroom $1,700/mo — with 3-bedroom rents spanning $1,410 to $2,480/mo depending on the ZIP. This is part of Wisconsin Section 8 rents.

Area median

FMR by bedroom.

Median Fair Market Rent across all Milwaukee-Waukesha ZIPs, by unit size (FY2026).
bedroomsmedian FMR / mo
studio / 0 BR$1,060
1 BR$1,150
2 BR$1,380
3 BR$1,700
4 BR$1,840

3-bedroom FMR ranges from $1,410 to $2,480/mo across Milwaukee-Waukesha's 81 ZIP codes — Small Area FMRs vary widely within a single metro.

Every ZIP

FMR by ZIP code.

2-bedroom and 3-bedroom Fair Market Rent for every ZIP in the Milwaukee-Waukesha area. Need one number fast? Check any ZIP instantly.

All 81 ZIPs, sorted.

ZIP2 BR3 BR
53005$2,010$2,480
53007$1,190$1,470
53008$1,560$1,920
53012$1,270$1,560
53017$1,610$1,980
53018$1,870$2,300
53022$1,580$1,950
53024$1,310$1,610
53029$1,370$1,690
53033$1,800$2,220
53037$1,380$1,700
53045$2,010$2,480
53046$1,540$1,900
53051$1,640$2,020
53052$1,560$1,920
53056$1,560$1,920
53058$1,720$2,120
53060$1,340$1,650
53064$1,560$1,920
53069$1,560$1,930
53072$1,610$1,980
53074$1,280$1,580
53076$1,510$1,860
53080$1,160$1,430
53086$1,290$1,590
53089$1,560$1,920
53090$1,350$1,660
53092$2,010$2,480
53095$1,250$1,540
53097$1,610$1,980
53103$1,260$1,550
53110$1,190$1,470
53122$1,860$2,290
53127$1,400$1,730
53129$1,410$1,740
53130$1,630$2,010
53132$1,630$2,010
53146$1,440$1,770
53151$1,830$2,250
53153$1,320$1,630
53154$1,770$2,180
53172$1,270$1,560
53183$1,710$2,110
53186$1,460$1,800
53187$1,560$1,920
53188$1,610$1,980
53189$1,460$1,800
53201$1,300$1,600
53202$2,010$2,480
53203$2,010$2,480
53204$1,140$1,410
53205$1,140$1,410
53206$1,140$1,410
53207$1,360$1,670
53208$1,220$1,500
53209$1,200$1,480
53210$1,210$1,490
53211$1,640$2,020
53212$1,280$1,580
53213$1,470$1,810
53214$1,310$1,610
53215$1,140$1,410
53216$1,140$1,410
53217$1,830$2,250
53218$1,160$1,430
53219$1,240$1,530
53220$1,340$1,650
53221$1,370$1,690
53222$1,270$1,560
53223$1,360$1,670
53224$1,400$1,720
53225$1,230$1,510
53226$1,540$1,900
53227$1,370$1,690
53228$1,510$1,860
53233$1,150$1,420
53234$1,300$1,600
53235$1,140$1,410
53237$1,300$1,600
53278$1,300$1,600
53295$1,310$1,610

SAFMR = ZIP-level variation. HUD sets Small Area Fair Market Rents by ZIP in this metro, so two homes in the same city can carry very different voucher ceilings.

The underwriting

The DSCR math at milwaukee-waukesha's median rent.

A worked example — assumptions stated, not hidden. Run your exact numbers in the calculator.

At the median 3-bedroom Section 8 rent of $1,700/mo, the maximum PITIA that still clears a 1.20 DSCR is $1,417/mo. Assuming ~25% of that payment goes to property taxes and insurance, the maximum principal & interest is $1,063/mo — which supports roughly a $160,000 loan at 7% over 30 years, or about a $213,000 purchase at 75% LTV.

median 3 BR rent$1,700/mo
max PITIA @ 1.20 DSCR$1,417/mo
max P&I (~75% of PITIA)$1,063/mo
supported loan (7% / 30yr)$160,000
implied price (75% LTV)$213,000

Assumptions: 1.20 DSCR floor, ~25% of PITIA for taxes + insurance, 7.0% 30-year fixed, 75% LTV. Your taxes, insurance, rate, and LTV will differ — run your exact numbers in the DSCR calculator.

FAQ

Milwaukee-Waukesha Section 8, answered.

The questions investors ask before underwriting a Milwaukee-Waukesha voucher deal.
Milwaukee-Waukesha FMR —
What is the 3-bedroom Section 8 rent in Milwaukee-Waukesha?
The median 3-bedroom Fair Market Rent in the Milwaukee-Waukesha area is $1,700/mo (FY2026). Under HUD's Small Area FMR schedule it ranges from $1,410 to $2,480/mo depending on the ZIP code — see the full ZIP table above.
Milwaukee-Waukesha FMR —
Why do Section 8 rents differ between ZIP codes in Milwaukee-Waukesha?
HUD publishes Small Area Fair Market Rents (SAFMRs) by ZIP code in most large metros, including Milwaukee-Waukesha. Instead of one metro-wide number, each ZIP gets its own rent ceiling based on local market rents — so two homes in the same city can carry very different voucher amounts. The 3-bedroom range here spans $1,410 to $2,480/mo across the 81 ZIPs in this area.
Milwaukee-Waukesha FMR —
Does a voucher pay the exact ZIP Fair Market Rent in Milwaukee-Waukesha?
Not exactly. The FMR is the starting point — the local public housing authority sets its voucher payment standard at 90–110% of the ZIP's FMR, and every unit still has to pass a rent reasonableness test against comparable local rentals before the lease is approved. Treat the ZIP FMR as the ceiling, not a guaranteed payment.
Live · all 50 states

FMR on every milwaukee-waukesha listing.

Verleon AI overlays HUD Fair Market Rents on every active listing in Milwaukee-Waukesha — and all 50 states — so you see the Section 8 ceiling and DSCR before you make an offer. Back to Wisconsin Section 8 rents or the all-states hub.

Data source: HUD FY2026 Fair Market Rents (Small Area FMRs where published), snapshot 2026-07-24. Payment standards vary by public housing authority (typically 90–110% of FMR). Figures are for research and do not guarantee approved rent on any specific unit.

Not investment advice. Verleon AI provides analytical tooling for real-estate professionals. Underwriting outputs (DSCR, cap rate, Section 8 FMR estimates, scores) are modeled from public and licensed data and are not a substitute for independent due diligence, legal counsel, lender pre-approval, or licensed appraisal. Past performance is not indicative of future results.