HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Shawano County, Wisconsin (FY 2027)
$1,014 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Shawano County, and it's the baseline every voucher in Shawano is measured against.
Two-bedroom FMR
$1,014
+4.2% from FY 2026
Payment standard
$913–$1,115
90% to 110% of the FMR, two-bedroom
Income to afford
$40,560
a year, with rent at 30% of income
Rank in Wisconsin
67th 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 | $745 | $671–$820 | $29,800 | $14.33/hr | +7.7% |
| 1 bedroom | $843 | $759–$927 | $33,720 | $16.21/hr | +3.6% |
| 2 bedroom | $1,014 | $913–$1,115 | $40,560 | $19.50/hr | +4.2% |
| 3 bedroom | $1,328 | $1,195–$1,461 | $53,120 | $25.54/hr | +6.7% |
| 4 bedroom | $1,333 | $1,200–$1,466 | $53,320 | $25.63/hr | +3.5% |
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 | $1,533 | $1,380–$1,686 |
| 6 bedroom Estimate | $1,733 | $1,560–$1,906 |
| 7 bedroom Estimate | $1,933 | $1,740–$2,126 |
| 8 bedroom Estimate | $2,133 | $1,920–$2,346 |
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 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.
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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 $913 and $1,115. 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.
$1,014 a month is affordable, by HUD's 30% rule, on an income of roughly $40,560 a year. Put another way, $20 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%$913 | Voucher pays at 100%$1,014 | Voucher pays at 110%$1,115 |
|---|---|---|---|---|
| $2,500 | $750 | $163 | $264 | $365 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 4% from FY 2026 ($973) to FY 2027 ($1,014). Since FY 2020 it's up 42% in total, about 5.1% 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 | $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 2027In effect | $745 | $843 | $1,014 | $1,328 | $1,333 | +4.2% |
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 Shawano, that runs from $745 for a studio up to $1,333 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 67th for two-bedroom FMR. That's about 3% below the state median of $1,041 and about 5% below the national median county at $1,063. About 41,039 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 $1,010 in 54166 (Shawano) and $1,280 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 | $1,120 | +10.5% |
| 54111 | Cecil | $1,200 | +18.3% |
| 54127 | Green Valley | $1,080 | +6.5% |
| 54128 | Gresham | $1,070 | +5.5% |
| 54137 | Krakow | $1,100 | +8.5% |
| 54166 | Shawano | $1,010 | -0.4% |
| 54182 | Zachow | $1,014County rate | — |
| 54414 | Birnamwood | $1,040 | +2.6% |
| 54416 | Bowler | $1,010 | -0.4% |
| 54450 | Mattoon | $1,280 | +26.2% |
| 54486 | Tigerton | $1,170 | +15.4% |
| 54499 | Wittenberg | $1,040 | +2.6% |
| 54928 | Caroline | $1,070 | +5.5% |
| 54948 | Leopolis | $1,080 | +6.5% |
| 54978 | Tilleda | $1,020 | +0.6% |
Nearby counties
Two-bedroom FMR, with how each compares to Shawano.
Menominee County
9 mi · 4,252 people
$1,014
same rate
Waupaca County
26 mi · 51,569 people
$1,014
same rate
Oconto County
28 mi · 39,589 people
$1,014
same rate
Langlade County
33 mi · 19,490 people
$1,014
same rate
Outagamie County
34 mi · 192,826 people
$1,256
+24%
Portage County
41 mi · 70,832 people
$1,077
+6%
Brown County
42 mi · 270,892 people
$1,287
+27%
Marathon County
46 mi · 138,403 people
$1,217
+20%
Questions people ask
$1,014 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $745 for a studio, $843 for one bedroom, $1,328 for three and $1,333 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 Shawano actually go for?
HUD's number is one input. Search any address in Shawano for a rent estimate built from nearby comps. Free to start, no card.
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