FMR is near market; voucher and private rents are aligned.
0.96
1 BR
1 BR- 48001
1.01ratio
FMR$950
Market$940
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
2 BR
2 BR- 48001
0.98ratio
FMR$1,190
Market$1,220
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.98
3 BR
3 BR- 48001
0.97ratio
FMR$1,450
Market$1,500
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.97
4 BR
4 BR- 48001
0.98ratio
FMR$1,570
Market$1,600
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.98
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Algonac, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Algonac, MI is $1,190 a month. That is up 3.5% from $1,150 in FY 2026. Algonac is in the Detroit-Warren-Livonia, MI HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Michigan is $1,085, so Algonac is 10% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Algonac, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$820
$850
+3.7%
$765–$935
1BR
$910
$950
+4.4%
$855–$1,045
2BR
$1,150
$1,190
+3.5%
$1,071–$1,309
3BR
$1,400
$1,450
+3.6%
$1,305–$1,595
4BR
$1,520
$1,570
+3.3%
$1,413–$1,727
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Algonac, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$850
$950
$1,190
$1,450
$1,570
FY 2026
$820
$910
$1,150
$1,400
$1,520
FY 2025
$870
$960
$1,210
$1,480
$1,600
FY 2024
$860
$960
$1,210
$1,500
$1,610
FY 2023
$850
$960
$1,220
$1,520
$1,640
Questions about Algonac, MI rents
How much will Section 8 pay for a two-bedroom in Algonac, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,190, that basic range is $1,071 to $1,309 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Algonac, MI in?
Algonac, MI is in the Detroit-Warren-Livonia, MI HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Algonac, MI for FY 2027?
The two-bedroom FMR rose 3.5%, from $1,150 in FY 2026 to $1,190 in FY 2027. Since FY 2023 it has fallen 2.5%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set