FMR is below market; voucher rent may lag private rents.
0.69
1 BR
1 BR- 49626
0.74ratio
FMR$810
Market$1,100
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.74
2 BR
2 BR- 49626
0.91ratio
FMR$1,050
Market$1,160
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.91
3 BR
3 BR- 49626
1.10ratio
FMR$1,340
Market$1,220
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.10
4 BR
4 BR- 49626
1.08ratio
FMR$1,380
Market$1,280
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.08
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
--
Eastlake, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Eastlake, MI is $1,050 a month. That is up 1.0% from $1,040 in FY 2026. Eastlake is in the Manistee County, MI non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,067. The median county two-bedroom FMR in Michigan is $1,085, so Eastlake is 3% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Eastlake, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$740
$750
+1.4%
$675–$825
1BR
$790
$810
+2.5%
$729–$891
2BR
$1,040
$1,050
+1.0%
$945–$1,155
3BR
$1,320
$1,340
+1.5%
$1,206–$1,474
4BR
$1,380
$1,380
0.0%
$1,242–$1,518
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Eastlake, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$750
$810
$1,050
$1,340
$1,380
FY 2026
$740
$790
$1,040
$1,320
$1,380
FY 2025
$730
$740
$970
$1,220
$1,290
FY 2024area FMR
$774
$779
$1,024
$1,267
$1,364
FY 2023area FMR
$691
$696
$916
$1,143
$1,231
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Eastlake, MI rents
How much will Section 8 pay for a two-bedroom in Eastlake, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,067, which applies unless the housing authority uses Small Area FMRs, that basic range is $960 to $1,174 a month; under the ZIP-level Small Area FMR of $1,050 it would be $945 to $1,155. 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 Eastlake, MI in?
Eastlake, MI is in the Manistee County, MI non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,067.
How much did fair market rent change in Eastlake, MI for FY 2027?
The two-bedroom FMR rose 1.0%, from $1,040 in FY 2026 to $1,050 in FY 2027. Since FY 2025 it has risen 8.2%.
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