FMR is near market; voucher and private rents are aligned.
0.91
1 BR
1 BR- 48220
0.83ratio
FMR$1,300
Market$1,570
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.83
2 BR
2 BR- 48220
0.94ratio
FMR$1,630
Market$1,730
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR- 48220
0.82ratio
FMR$1,980
Market$2,400
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.82
4 BR
4 BR- 48220
0.83ratio
FMR$2,150
Market$2,580
vs market-$430
FMR is below market; voucher rent may lag private rents.
0.83
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
--
Ferndale, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Ferndale, MI is $1,630 a month. That is up 5.8% from $1,540 in FY 2026. Ferndale 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 Ferndale is 50% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Ferndale, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,100
$1,170
+6.4%
$1,053–$1,287
1BR
$1,220
$1,300
+6.6%
$1,170–$1,430
2BR
$1,540
$1,630
+5.8%
$1,467–$1,793
3BR
$1,880
$1,980
+5.3%
$1,782–$2,178
4BR
$2,040
$2,150
+5.4%
$1,935–$2,365
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Ferndale, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,170
$1,300
$1,630
$1,980
$2,150
FY 2026
$1,100
$1,220
$1,540
$1,880
$2,040
FY 2025
$1,060
$1,170
$1,480
$1,810
$1,960
FY 2024
$980
$1,090
$1,380
$1,710
$1,840
FY 2023
$900
$1,010
$1,290
$1,610
$1,730
Questions about Ferndale, MI rents
How much will Section 8 pay for a two-bedroom in Ferndale, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,630, that basic range is $1,467 to $1,793 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 Ferndale, MI in?
Ferndale, 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 Ferndale, MI for FY 2027?
The two-bedroom FMR rose 5.8%, from $1,540 in FY 2026 to $1,630 in FY 2027. Since FY 2023 it has risen 26.4%.
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