FMR is near market; voucher and private rents are aligned.
1.06
1 BR
1 BR- 48069
1.07ratio
FMR$1,700
Market$1,590
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.07
2 BR
2 BR- 48069
1.16ratio
FMR$2,120
Market$1,830
vs market+$290
FMR is above market; underwrite to market rent.
1.16
3 BR
3 BR- 48069
1.07ratio
FMR$2,580
Market$2,420
vs market+$160
FMR is near market; voucher and private rents are aligned.
1.07
4 BR
4 BR- 48069
1.11ratio
FMR$2,800
Market$2,520
vs market+$280
FMR is above market; underwrite to market rent.
1.11
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
--
Pleasant Ridge, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Pleasant Ridge, MI is $2,120 a month. That is unchanged from FY 2026. Pleasant Ridge 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 Pleasant Ridge is 95% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Pleasant Ridge, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,520
$1,520
0.0%
$1,368–$1,672
1BR
$1,690
$1,700
+0.6%
$1,530–$1,870
2BR
$2,120
$2,120
0.0%
$1,908–$2,332
3BR
$2,590
$2,580
−0.4%
$2,322–$2,838
4BR
$2,810
$2,800
−0.4%
$2,520–$3,080
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Pleasant Ridge, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,520
$1,700
$2,120
$2,580
$2,800
FY 2026
$1,520
$1,690
$2,120
$2,590
$2,810
FY 2025
$1,490
$1,640
$2,070
$2,540
$2,740
FY 2024
$1,380
$1,530
$1,940
$2,400
$2,580
FY 2023
$1,270
$1,430
$1,820
$2,270
$2,440
Questions about Pleasant Ridge, MI rents
How much will Section 8 pay for a two-bedroom in Pleasant Ridge, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,120, that basic range is $1,908 to $2,332 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 Pleasant Ridge, MI in?
Pleasant Ridge, 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 Pleasant Ridge, MI for FY 2027?
The two-bedroom FMR was unchanged at $2,120 in FY 2027. Since FY 2023 it has risen 16.5%.
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