Wisconsin · FIPS 55051 · HUD FY 2027
Iron County, Wisconsin Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Iron County is $1,014 a month (rent plus utilities), 19% below the Wisconsin average of $1,251 and 42% below the U.S. average of $1,761. That is up $41 (4.2%) from FY 2026. At 30% of income, a household needs about $40,560 a year to afford it.
- $1,0142-bedroom FMR+$41 (+4.2%) vs FY 2026
- $8301-bedroom FMRWisconsin: $1,020 · U.S.: $1,478
- $40,560Income for a 2-bedroom$20/hour full-time
- 44 of 722BR rank in Wisconsin1 = highest rent
| Unit | Iron County FY 2027 | FY 2026 | Change | Wisconsin avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $732 | $691 | +$41 (+5.9%) | $941 | $1,379 | $29,280 |
| 1 bedroom | $830 | $758 | +$72 (+9.5%) | $1,020 | $1,478 | $33,200 |
| 2 bedrooms | $1,014 | $973 | +$41 (+4.2%) | $1,251 | $1,761 | $40,560 |
| 3 bedrooms | $1,262 | $1,214 | +$48 (+4.0%) | $1,602 | $2,266 | $50,480 |
| 4 bedrooms | $1,604 | $1,499 | +$105 (+7.0%) | $1,759 | $2,607 | $64,160 |
How Iron County compares
- Iron County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Wisconsin, 2-bedroom FMRs run from $1,014 (Wood County) to $1,734 (Pierce County).
- Studio to 4-bedroom: $732, $830, $1,014, $1,262, $1,604. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 7 ZIP codes mostly in Iron County (by land area), the 2-bedroom figure ranges from $1,010 to $1,200.
Small Area FMRs by ZIP code in Iron County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 54525 | $730 | $830 | $1,010 | $1,260 | $1,610 | −$100 (−9.0%) | about the same as |
| 54534 | $730 | $830 | $1,010 | $1,260 | $1,610 | +$40 (+4.1%) | about the same as |
| 54536 | $790 | $890 | $1,090 | $1,360 | $1,720 | +$40 (+3.8%) | 7% above |
| 54547 | $870 | $980 | $1,200 | $1,490 | $1,900 | +$50 (+4.3%) | 18% above |
| 54550 | $860 | $970 | $1,190 | $1,480 | $1,880 | +$30 (+2.6%) | 17% above |
| 54559 | $770 | $810 | $1,040 | $1,400 | $1,570 | +$50 (+5.1%) | 3% above |
| 54565 | $760 | $800 | $1,010 | $1,370 | $1,570 | +$40 (+4.1%) | about the same as |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.