FMR is below market; voucher rent may lag private rents.
0.82
1 BR
1 BR- 48065
0.88ratio
FMR$1,080
Market$1,230
vs market-$150
FMR is below market; voucher rent may lag private rents.
0.88
2 BR
2 BR- 48065
0.98ratio
FMR$1,350
Market$1,380
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.98
3 BR
3 BR- 48065
1.15ratio
FMR$1,640
Market$1,430
vs market+$210
FMR is above market; underwrite to market rent.
1.15
4 BR
4 BR- 48065
1.07ratio
FMR$1,780
Market$1,670
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.07
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
--
Romeo, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Romeo, MI is $1,350 a month. That is up 3.8% from $1,300 in FY 2026. Romeo 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 Romeo is 24% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Romeo, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$930
$970
+4.3%
$873–$1,067
1BR
$1,030
$1,080
+4.9%
$972–$1,188
2BR
$1,300
$1,350
+3.8%
$1,215–$1,485
3BR
$1,590
$1,640
+3.1%
$1,476–$1,804
4BR
$1,720
$1,780
+3.5%
$1,602–$1,958
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Romeo, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$970
$1,080
$1,350
$1,640
$1,780
FY 2026
$930
$1,030
$1,300
$1,590
$1,720
FY 2025
$900
$990
$1,250
$1,530
$1,660
FY 2024
$860
$950
$1,200
$1,480
$1,600
FY 2023
$800
$900
$1,150
$1,430
$1,540
Questions about Romeo, MI rents
How much will Section 8 pay for a two-bedroom in Romeo, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,350, that basic range is $1,215 to $1,485 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 Romeo, MI in?
Romeo, 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 Romeo, MI for FY 2027?
The two-bedroom FMR rose 3.8%, from $1,300 in FY 2026 to $1,350 in FY 2027. Since FY 2023 it has risen 17.4%.
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