FMR is below market; voucher rent may lag private rents.
0.78
2 BR
2 BR- 48446
0.79ratio
FMR$1,290
Market$1,630
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR- 48446
0.87ratio
FMR$1,570
Market$1,800
vs market-$230
FMR is below market; voucher rent may lag private rents.
0.87
4 BR
4 BR- 48446
0.89ratio
FMR$1,710
Market$1,930
vs market-$220
FMR is below market; voucher rent may lag private rents.
0.89
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
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Lapeer, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Lapeer, MI is $1,290 a month. That is up 5.7% from $1,220 in FY 2026. Lapeer 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 Lapeer is 19% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Lapeer, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$870
$930
+6.9%
$837–$1,023
1BR
$970
$1,030
+6.2%
$927–$1,133
2BR
$1,220
$1,290
+5.7%
$1,161–$1,419
3BR
$1,490
$1,570
+5.4%
$1,413–$1,727
4BR
$1,620
$1,710
+5.6%
$1,539–$1,881
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Lapeer, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$930
$1,030
$1,290
$1,570
$1,710
FY 2026
$870
$970
$1,220
$1,490
$1,620
FY 2025
$860
$940
$1,190
$1,460
$1,580
FY 2024
$780
$870
$1,100
$1,360
$1,470
FY 2023
$720
$810
$1,030
$1,280
$1,380
Questions about Lapeer, MI rents
How much will Section 8 pay for a two-bedroom in Lapeer, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,290, that basic range is $1,161 to $1,419 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 Lapeer, MI in?
Lapeer, 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 Lapeer, MI for FY 2027?
The two-bedroom FMR rose 5.7%, from $1,220 in FY 2026 to $1,290 in FY 2027. Since FY 2023 it has risen 25.2%.
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