FMR is below market; voucher rent may lag private rents.
0.48
1 BR
1 BR- 48096
0.56ratio
FMR$1,250
Market$2,230
vs market-$980
FMR is below market; voucher rent may lag private rents.
0.56
2 BR
2 BR- 48096
0.74ratio
FMR$1,560
Market$2,120
vs market-$560
FMR is below market; voucher rent may lag private rents.
0.74
3 BR
3 BR- 48096
0.74ratio
FMR$1,900
Market$2,580
vs market-$680
FMR is below market; voucher rent may lag private rents.
0.74
4 BR
4 BR- 48096
0.71ratio
FMR$2,060
Market$2,900
vs market-$840
FMR is below market; voucher rent may lag private rents.
0.71
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
--
Ray, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Ray, MI is $1,560 a month. That is up 5.4% from $1,480 in FY 2026. Ray 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 Ray is 44% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Ray, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,060
$1,120
+5.7%
$1,008–$1,232
1BR
$1,180
$1,250
+5.9%
$1,125–$1,375
2BR
$1,480
$1,560
+5.4%
$1,404–$1,716
3BR
$1,810
$1,900
+5.0%
$1,710–$2,090
4BR
$1,960
$2,060
+5.1%
$1,854–$2,266
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Ray, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,120
$1,250
$1,560
$1,900
$2,060
FY 2026
$1,060
$1,180
$1,480
$1,810
$1,960
FY 2025
$900
$990
$1,250
$1,530
$1,660
FY 2024
$880
$970
$1,230
$1,520
$1,640
FY 2023
$820
$930
$1,180
$1,470
$1,590
Questions about Ray, MI rents
How much will Section 8 pay for a two-bedroom in Ray, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,560, that basic range is $1,404 to $1,716 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 Ray, MI in?
Ray, 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 Ray, MI for FY 2027?
The two-bedroom FMR rose 5.4%, from $1,480 in FY 2026 to $1,560 in FY 2027. Since FY 2023 it has risen 32.2%.
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