FMR is near market; voucher and private rents are aligned.
1.01
1 BR
1 BR- 48430
0.88ratio
FMR$1,340
Market$1,520
vs market-$180
FMR is below market; voucher rent may lag private rents.
0.88
2 BR
2 BR- 48430
0.93ratio
FMR$1,580
Market$1,690
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.93
3 BR
3 BR- 48430
0.96ratio
FMR$2,040
Market$2,120
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 48430
0.92ratio
FMR$2,360
Market$2,560
vs market-$200
FMR is near market; voucher and private rents are aligned.
0.92
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
--
Fenton, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Fenton, MI is $1,580 a month. That is up 6.0% from $1,490 in FY 2026. Fenton 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 Fenton is 46% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Fenton, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,040
$1,170
+12.5%
$1,053–$1,287
1BR
$1,260
$1,340
+6.3%
$1,206–$1,474
2BR
$1,490
$1,580
+6.0%
$1,422–$1,738
3BR
$1,930
$2,040
+5.7%
$1,836–$2,244
4BR
$2,230
$2,360
+5.8%
$2,124–$2,596
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Fenton, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,170
$1,340
$1,580
$2,040
$2,360
FY 2026
$1,040
$1,260
$1,490
$1,930
$2,230
FY 2025
$980
$1,180
$1,410
$1,840
$2,090
FY 2024
$1,000
$1,190
$1,450
$1,870
$2,060
FY 2023
$890
$1,060
$1,300
$1,680
$1,830
Questions about Fenton, MI rents
How much will Section 8 pay for a two-bedroom in Fenton, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,580, that basic range is $1,422 to $1,738 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 Fenton, MI in?
Fenton, 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 Fenton, MI for FY 2027?
The two-bedroom FMR rose 6.0%, from $1,490 in FY 2026 to $1,580 in FY 2027. Since FY 2023 it has risen 21.5%.
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