FMR is below market; voucher rent may lag private rents.
0.78
1 BR
1 BR- 19963
0.79ratio
FMR$1,140
Market$1,440
vs market-$300
FMR is below market; voucher rent may lag private rents.
0.79
2 BR
2 BR- 19963
0.79ratio
FMR$1,470
Market$1,860
vs market-$390
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR- 19963
0.86ratio
FMR$1,900
Market$2,210
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.86
4 BR
4 BR- 19963
0.94ratio
FMR$2,250
Market$2,390
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.94
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
--
Milford, DE fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Milford, DE is $1,470 a month. That is up 8.9% from $1,350 in FY 2026. Milford is in the Sussex County, DE 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 $1,498. The median county two-bedroom FMR in Delaware is $1,629, so Milford is 10% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Milford, DE
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,060
$1,140
+7.5%
$1,026–$1,254
1BR
$1,070
$1,140
+6.5%
$1,026–$1,254
2BR
$1,350
$1,470
+8.9%
$1,323–$1,617
3BR
$1,880
$1,900
+1.1%
$1,710–$2,090
4BR
$2,080
$2,250
+8.2%
$2,025–$2,475
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Milford, DE
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,140
$1,140
$1,470
$1,900
$2,250
FY 2026
$1,060
$1,070
$1,350
$1,880
$2,080
FY 2025
$1,020
$1,040
$1,350
$1,770
$2,090
FY 2024
$930
$980
$1,250
$1,660
$1,960
FY 2023
$790
$850
$1,080
$1,460
$1,720
Questions about Milford, DE rents
How much will Section 8 pay for a two-bedroom in Milford, DE?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,498, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,348 to $1,648 a month; under the ZIP-level Small Area FMR of $1,470 it would be $1,323 to $1,617. 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 Milford, DE in?
Milford, DE is in the Sussex County, DE non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,498.
How much did fair market rent change in Milford, DE for FY 2027?
The two-bedroom FMR rose 8.9%, from $1,350 in FY 2026 to $1,470 in FY 2027. Since FY 2023 it has risen 36.1%.
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