HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Pierce County, Wisconsin (FY 2027)
A two-bedroom in Pierce County carries a FY 2027 Fair Market Rent of $1,734 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Pierce keys off that figure.
Two-bedroom FMR
$1,734
+1.5% from FY 2026
Payment standard
$1,561–$1,907
90% to 110% of the FMR, two-bedroom
Income to afford
$69,360
a year, with rent at 30% of income
Rank in Wisconsin
1st of 72
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $1,265 | $1,139–$1,392 | $50,600 | $24.33/hr | +1.9% |
| 1 bedroom | $1,427 | $1,284–$1,570 | $57,080 | $27.44/hr | +1.6% |
| 2 bedroom | $1,734 | $1,561–$1,907 | $69,360 | $33.35/hr | +1.5% |
| 3 bedroom | $2,264 | $2,038–$2,490 | $90,560 | $43.54/hr | +0.1% |
| 4 bedroom | $2,538 | $2,284–$2,792 | $101,520 | $48.81/hr | +0.3% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $2,919 | $2,627–$3,211 |
| 6 bedroom Estimate | $3,299 | $2,969–$3,629 |
| 7 bedroom Estimate | $3,680 | $3,312–$4,048 |
| 8 bedroom Estimate | $4,061 | $3,655–$4,467 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Pierce actually rent for?
Search any address in Pierce for a rent estimate built from nearby comps, with the HUD figure right next to it.
No card needed
What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Pierce somewhere between $1,561 and $1,907. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,734 a month is affordable, by HUD's 30% rule, on an income of roughly $69,360 a year. Put another way, $33 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,561 | Voucher pays at 100%$1,734 | Voucher pays at 110%$1,907 |
|---|---|---|---|---|
| $2,500 | $750 | $811 | $984 | $1,157 |
| $4,000 | $1,200 | $361 | $534 | $707 |
Rate history
The two-bedroom rate went up 1% from FY 2026 ($1,709) to FY 2027 ($1,734). Since FY 2020 it's up 43% in total, about 5.2% a year. The Wisconsin median moved up 3% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $820 | $971 | $1,214 | $1,722 | $2,025 | — |
| FY 2021 | $898 | $1,054 | $1,308 | $1,838 | $2,156 | +7.7% |
| FY 2022 | $932 | $1,078 | $1,329 | $1,841 | $2,145 | +1.6% |
| FY 2023 | $1,007 | $1,149 | $1,410 | $1,916 | $2,209 | +6.1% |
| FY 2024 | $1,174 | $1,327 | $1,622 | $2,188 | $2,478 | +15.0% |
| FY 2025 | $1,220 | $1,381 | $1,685 | $2,244 | $2,513 | +3.9% |
| FY 2026 | $1,242 | $1,405 | $1,709 | $2,262 | $2,531 | +1.4% |
| FY 2027In effect | $1,265 | $1,427 | $1,734 | $2,264 | $2,538 | +1.5% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Pierce, that runs from $1,265 for a studio up to $2,538 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Pierce in with 12 other counties in the Minneapolis-St. Paul-Bloomington metro, Hennepin County, Ramsey County, Dakota County among them, and every one of them gets $1,734 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among Wisconsin's 72 counties, Pierce ranks 1st for two-bedroom FMR. That's about 67% above the state median of $1,041 and about 63% above the national median county at $1,063. About 42,584 people live here, 35th in the state.
Rates by ZIP code
HUD also publishes Small Area FMRs by ZIP code. For the 10 ZIP codes it covers in Pierce, the two-bedroom rate is $1,540 across the board, so there's no ZIP-level story here.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 54003 | Beldenville | $1,540 | -11.2% |
| 54010 | East Ellsworth | $1,734County rate | — |
| 54011 | Ellsworth | $1,540 | -11.2% |
| 54014 | Hager City | $1,540 | -11.2% |
| 54021 | Prescott | $1,540 | -11.2% |
| 54022 | River Falls | $1,540 | -11.2% |
| 54723 | Bay City | $1,540 | -11.2% |
| 54740 | Elmwood | $1,540 | -11.2% |
| 54750 | Maiden Rock | $1,540 | -11.2% |
| 54761 | Plum City | $1,540 | -11.2% |
| 54767 | Spring Valley | $1,540 | -11.2% |
Counties sharing the Minneapolis-St. Paul-Bloomington metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,734 two-bedroom figure as Pierce.
Hennepin County
MN · 1,269,496 people
$1,734
Ramsey County
MN · 542,945 people
$1,734
Dakota County
MN · 445,771 people
$1,734
Anoka County
MN · 370,349 people
$1,734
Washington County
MN · 276,238 people
$1,734
Scott County
MN · 154,557 people
$1,734
Wright County
MN · 148,269 people
$1,734
Carver County
MN · 110,041 people
$1,734
Sherburne County
MN · 100,560 people
$1,734
St. Croix County
96,033 people
$1,734
Chisago County
MN · 57,991 people
$1,734
Isanti County
MN · 42,596 people
$1,734
Nearby counties
Two-bedroom FMR, with how each compares to Pierce.
Pepin County
20 mi · 7,431 people
$1,014
-42%
St. Croix County
22 mi · 96,033 people
$1,734
same rate
Dunn County
31 mi · 45,527 people
$1,042
-40%
Buffalo County
40 mi · 13,393 people
$1,019
-41%
Polk County
49 mi · 45,555 people
$1,121
-35%
Eau Claire County
54 mi · 107,116 people
$1,259
-27%
Barron County
58 mi · 46,797 people
$1,027
-41%
Trempealeau County
59 mi · 30,839 people
$1,059
-39%
Questions people ask
$1,734 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,265 for a studio, $1,427 for one bedroom, $2,264 for three and $2,538 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Pierce actually go for?
HUD's number is one input. Search any address in Pierce for a rent estimate built from nearby comps. Free to start, no card.
Free tier. No credit card.