FMR is near market; voucher and private rents are aligned.
1.00
1 BR
1 BR- 48237
1.02ratio
FMR$1,380
Market$1,350
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.02
2 BR
2 BR- 48237
1.24ratio
FMR$1,720
Market$1,390
vs market+$330
FMR is above market; underwrite to market rent.
1.24
3 BR
3 BR- 48237
0.95ratio
FMR$2,090
Market$2,190
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.95
4 BR
4 BR- 48237
0.95ratio
FMR$2,270
Market$2,380
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.95
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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Oak Park, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Oak Park, MI is $1,720 a month. That is up 3.6% from $1,660 in FY 2026. Oak Park 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 Oak Park is 59% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Oak Park, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,190
$1,230
+3.4%
$1,107–$1,353
1BR
$1,320
$1,380
+4.5%
$1,242–$1,518
2BR
$1,660
$1,720
+3.6%
$1,548–$1,892
3BR
$2,030
$2,090
+3.0%
$1,881–$2,299
4BR
$2,200
$2,270
+3.2%
$2,043–$2,497
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Oak Park, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,230
$1,380
$1,720
$2,090
$2,270
FY 2026
$1,190
$1,320
$1,660
$2,030
$2,200
FY 2025
$1,190
$1,310
$1,660
$2,030
$2,200
FY 2024
$1,100
$1,220
$1,540
$1,900
$2,050
FY 2023
$990
$1,110
$1,420
$1,770
$1,910
Questions about Oak Park, MI rents
How much will Section 8 pay for a two-bedroom in Oak Park, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,720, that basic range is $1,548 to $1,892 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 Oak Park, MI in?
Oak Park, 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 Oak Park, MI for FY 2027?
The two-bedroom FMR rose 3.6%, from $1,660 in FY 2026 to $1,720 in FY 2027. Since FY 2023 it has risen 21.1%.
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