FMR is below market; voucher rent may lag private rents.
0.84
1 BR
1 BR- 48867
0.86ratio
FMR$800
Market$930
vs market-$130
FMR is below market; voucher rent may lag private rents.
0.86
2 BR
2 BR- 48867
0.96ratio
FMR$1,040
Market$1,080
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.96
3 BR
3 BR- 48867
1.12ratio
FMR$1,400
Market$1,250
vs market+$150
FMR is above market; underwrite to market rent.
1.12
4 BR
4 BR- 48867
1.20ratio
FMR$1,580
Market$1,320
vs market+$260
FMR is above market; underwrite to market rent.
1.20
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
--
Owosso, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Owosso, MI is $1,040 a month. That is up 1.0% from $1,030 in FY 2026. Owosso is in the Shiawassee County, MI 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 $1,085. The median county two-bedroom FMR in Michigan is $1,085, so Owosso is 4% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Owosso, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$760
$760
0.0%
$684–$836
1BR
$780
$800
+2.6%
$720–$880
2BR
$1,030
$1,040
+1.0%
$936–$1,144
3BR
$1,380
$1,400
+1.4%
$1,260–$1,540
4BR
$1,520
$1,580
+3.9%
$1,422–$1,738
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Owosso, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$760
$800
$1,040
$1,400
$1,580
FY 2026
$760
$780
$1,030
$1,380
$1,520
FY 2025
$710
$710
$930
$1,250
$1,360
FY 2024
$680
$690
$910
$1,220
$1,280
FY 2023
$620
$630
$830
$1,120
$1,170
Questions about Owosso, MI rents
How much will Section 8 pay for a two-bedroom in Owosso, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,085, which applies unless the housing authority uses Small Area FMRs, that basic range is $977 to $1,194 a month; under the ZIP-level Small Area FMR of $1,040 it would be $936 to $1,144. 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 Owosso, MI in?
Owosso, MI is in the Shiawassee County, MI non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,085.
How much did fair market rent change in Owosso, MI for FY 2027?
The two-bedroom FMR rose 1.0%, from $1,030 in FY 2026 to $1,040 in FY 2027. Since FY 2023 it has risen 25.3%.
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