FMR is below market; voucher rent may lag private rents.
0.71
1 BR
1 BR- 48363
0.67ratio
FMR$1,200
Market$1,800
vs market-$600
FMR is below market; voucher rent may lag private rents.
0.67
2 BR
2 BR- 48363
0.83ratio
FMR$1,500
Market$1,800
vs market-$300
FMR is below market; voucher rent may lag private rents.
0.83
3 BR
3 BR- 48363
0.75ratio
FMR$1,830
Market$2,440
vs market-$610
FMR is below market; voucher rent may lag private rents.
0.75
4 BR
4 BR- 48363
0.60ratio
FMR$1,990
Market$3,300
vs market-$1,310
FMR is below market; voucher rent may lag private rents.
0.60
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
--
Oakland, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Oakland, MI is $1,500 a month. That is up 0.7% from $1,490 in FY 2026. Oakland 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 Oakland is 38% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Oakland, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,060
$1,080
+1.9%
$972–$1,188
1BR
$1,180
$1,200
+1.7%
$1,080–$1,320
2BR
$1,490
$1,500
+0.7%
$1,350–$1,650
3BR
$1,820
$1,830
+0.5%
$1,647–$2,013
4BR
$1,970
$1,990
+1.0%
$1,791–$2,189
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Oakland, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,080
$1,200
$1,500
$1,830
$1,990
FY 2026
$1,060
$1,180
$1,490
$1,820
$1,970
FY 2025
$1,030
$1,130
$1,430
$1,760
$1,900
FY 2024
$1,000
$1,110
$1,400
$1,740
$1,870
FY 2023
$900
$1,020
$1,300
$1,620
$1,750
Questions about Oakland, MI rents
How much will Section 8 pay for a two-bedroom in Oakland, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,500, that basic range is $1,350 to $1,650 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 Oakland, MI in?
Oakland, 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 Oakland, MI for FY 2027?
The two-bedroom FMR rose 0.7%, from $1,490 in FY 2026 to $1,500 in FY 2027. Since FY 2023 it has risen 15.4%.
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