Section 8 Fair Market Rent (FMR) for ZIP 88268 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,050
1 Bedroom	$1,150
2 Bedrooms	$1,250
3 Bedrooms	$1,730
4 Bedrooms	$1,850
5 Bedrooms	$2,146
6 Bedrooms	$2,404
7 Bedrooms	$2,596
8 Bedrooms	$2,726

To accurately profile ZIP code 88268 for its suitability as a Section 8 tenant pool, we need specific data points such as population size, percentage of renters, median household income, and average market rent. However, since these figures are marked as 'N/A' in your request, I will proceed with the available information, focusing on the Fair Market Rent (FMR) and how it relates to potential tenant profiles.

The Fair Market Rent (FMR) for ZIP 88268 is set at $1,190 for fiscal year 2026, reflecting the metro area's standards. This figure serves as a benchmark for rental prices in the area and helps determine the amount of housing assistance that tenants can receive under the Section 8 program.

In the absence of specific local rent data, we can infer that typical market rents should be close to the FMR, given that the FMR is designed to reflect the rental market conditions in the area. If the local market rent is indeed around $1,190, then landlords in 88268 can expect a significant portion of their tenant pool to be eligible for Section 8 vouchers, especially if the median household income is below the area median income (AMI).

Section 8 tenants generally have incomes up to 50% of the AMI, which means they would typically be paying about 30% of their income towards rent. Therefore, landlords should anticipate that their tenants receiving vouchers will be able to afford rents up to $1,190, assuming the voucher covers the difference between their 30% contribution and the total rent.

The lack of detailed demographic data makes it challenging to definitively state whether 88268 is a renter-heavy ZIP with high voucher demand or a homeowner-dominated area with fewer vouchers. However, the presence of an FMR suggests that there is a notable rental market in the area, which could indicate a reasonable number of potential Section 8 tenants.

To conclude, landlords in ZIP 88268 should prepare for a tenant profile that includes individuals and families who rely on Section 8 vouchers to cover the majority of their rent. These tenants will likely have incomes below the area median income and will be looking for housing options that align with the $1,190 FMR. Landlords should ensure that their properties meet the necessary requirements for the Section 8 program to attract and retain these tenants effectively.

Data Sources: FMR data from HUD (2027).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.