HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Shawano County, Wisconsin (FY 2026)
$973 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Shawano County, and it's the baseline every voucher in Shawano is measured against.
2 bedroom FMR
$973
FY 2026, utilities included
Payment standard range
$876 to $1,070
90% to 110% of FMR
Income to afford 2BR
$38,920
per year, at 30% of income
Rank in Wisconsin
66th of 72
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Shawano moves to $1,014. That's up 4%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Shawano actually rent for?
Search any address in Shawano for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $692 | $623 to $761 | $27,680 | $13.31/hr | +4.7% |
| 1 bedroom | $814 | $733 to $895 | $32,560 | $15.65/hr | +6.7% |
| 2 bedroom | $973 | $876 to $1,070 | $38,920 | $18.71/hr | +4.3% |
| 3 bedroom | $1,245 | $1,121 to $1,370 | $49,800 | $23.94/hr | +6.9% |
| 4 bedroom | $1,288 | $1,159 to $1,417 | $51,520 | $24.77/hr | +4.1% |
5 to 8 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 | $1,481 | $1,333 to $1,629 |
| 6 bedroom Estimate | $1,674 | $1,507 to $1,841 |
| 7 bedroom Estimate | $1,868 | $1,681 to $2,055 |
| 8 bedroom Estimate | $2,061 | $1,855 to $2,267 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
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 2026 that's October 1, 2025 through September 30, 2026. In Shawano, that runs from $692 for a studio up to $1,288 for four bedrooms, all five rates in the table above.
Because Shawano sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Bonduel included.
Among Wisconsin's 72 counties, Shawano ranks 66th for two-bedroom FMR. That's about 4% below the state median of $1,010 and about 4% below the national median county at $1,018. About 40,848 people live here, 37th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $970 in 54166 (Shawano) and $1,220 in 54450 (Mattoon), with the 14 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 54107 | Bonduel | $1,000 | +2.8% |
| 54111 | Cecil | $1,120 | +15.1% |
| 54127 | Green Valley | $1,030 | +5.9% |
| 54128 | Gresham | $1,020 | +4.8% |
| 54137 | Krakow | $1,020 | +4.8% |
| 54166 | Shawano | $970 | -0.3% |
| 54182 | Zachow | $973County rate | — |
| 54414 | Birnamwood | $970 | -0.3% |
| 54416 | Bowler | $970 | -0.3% |
| 54450 | Mattoon | $1,220 | +25.4% |
| 54486 | Tigerton | $1,090 | +12.0% |
| 54499 | Wittenberg | $970 | -0.3% |
| 54928 | Caroline | $1,020 | +4.8% |
| 54948 | Leopolis | $1,020 | +4.8% |
| 54978 | Tilleda | $980 | +0.7% |
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 Shawano somewhere between $876 and $1,070. 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.
$973 a month is affordable, by HUD's 30% rule, on an income of roughly $38,920 a year. Put another way, $19 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($876) | HAP at 100% ($973) | HAP at 110% ($1,070) |
|---|---|---|---|---|
| $2,500 | $750 | $126 | $223 | $320 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 4% from FY 2025 ($933) to FY 2026 ($973). Since FY 2020 it's up 36% in total, about 5.3% a year. The Wisconsin median moved up 1% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $542 | $545 | $714 | $936 | $1,031 | — |
| FY 2021 | $556 | $559 | $734 | $961 | $1,062 | +2.8% |
| FY 2022 | $582 | $586 | $757 | $972 | $1,072 | +3.1% |
| FY 2023 | $648 | $652 | $826 | $1,026 | $1,110 | +9.1% |
| FY 2024 | $703 | $728 | $905 | $1,096 | $1,205 | +9.6% |
| FY 2025 | $661 | $763 | $933 | $1,165 | $1,237 | +3.1% |
| FY 2026 | $692 | $814 | $973 | $1,245 | $1,288 | +4.3% |
| FY 2027 | $745 | $843 | $1,014 | $1,328 | $1,333 | +4.2% |
Nearby counties
Menominee County
$9739 mi · pop 4,279
Waupaca County
$97326 mi · pop 51,822
Oconto County
$97328 mi · pop 39,048
Langlade County
$97333 mi · pop 19,512
Outagamie County
$1,23634 mi · pop 190,611
Portage County
$1,03741 mi · pop 70,281
Brown County
$1,16442 mi · pop 268,393
Marathon County
$1,14746 mi · pop 137,820
Questions people ask
$973 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $692 for a studio, $814 for one bedroom, $1,245 for three and $1,288 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the 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
See what income a household needs for a given rent.
What does a rental in Shawano actually go for?
HUD's number is one input. Search any address in Shawano for a rent estimate built from nearby comps. 3 free searches, no card.
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