Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Old Mission, MI fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in Old Mission, MI is $1,436 a month. That is up 5.8% from $1,357 in FY 2026. Old Mission is in the Grand Traverse County, MI HUD Metro FMR Area. The median county two-bedroom FMR in Michigan is $1,085, so Old Mission is 32% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Old Mission, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,136
$1,181
+4.0%
$1,063–$1,299
1BR
$1,143
$1,188
+3.9%
$1,069–$1,307
2BR
$1,357
$1,436
+5.8%
$1,292–$1,580
3BR
$1,747
$1,883
+7.8%
$1,695–$2,071
4BR
$1,797
$1,928
+7.3%
$1,735–$2,121
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Old Mission, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,181
$1,188
$1,436
$1,883
$1,928
FY 2026
$1,136
$1,143
$1,357
$1,747
$1,797
FY 2025
$1,045
$1,051
$1,252
$1,544
$1,660
FY 2024
$1,044
$1,061
$1,232
$1,490
$1,641
FY 2023
$750
$914
$1,085
$1,321
$1,458
Questions about Old Mission, MI rents
How much will Section 8 pay for a two-bedroom in Old Mission, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,436, that basic range is $1,292 to $1,580 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 Old Mission, MI in?
Old Mission, MI is in the Grand Traverse County, MI HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in Old Mission, MI for FY 2027?
The two-bedroom FMR rose 5.8%, from $1,357 in FY 2026 to $1,436 in FY 2027. Since FY 2023 it has risen 32.4%.
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 Fair Market Rents. 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