TROY, MI
CitySAFMR
Oakland County
Found 5 ZIPs
BRFMR
Eff. Rent
0 BR$1,130 – $1,520$1,130 – $1,520
1 BR$1,260 – $1,690$1,260 – $1,680
2 BR$1,580 – $2,120$1,580 – $2,120
3 BR$1,930 – $2,590$1,930 – $2,470
4 BR$2,090 – $2,810$2,090 – $2,810
5 BR$2,955
6 BR$3,399
7 BR$3,909
8 BR$4,495

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio· 1 ZIP
0.74ratio
FMR$1,130
Market$1,520
vs market-$390

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
Studio· 2 ZIPs
0.84–0.85ratio range
Median FMR$1,455
Median Market$1,725
vs market-$270

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

2
Studio· 1 ZIP
0.89ratio
FMR$1,250
Market$1,410
vs market-$160

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
Studio· 1 ZIP
1.07ratio
FMR$1,430
Market$1,340
vs market+$90

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
0.74–1.07
1 BR
1 BR· 1 ZIP
0.82ratio
FMR$1,260
Market$1,530
vs market-$270

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
1 BR· 1 ZIP
0.89ratio
FMR$1,540
Market$1,740
vs market-$200

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
1 BR· 2 ZIPs
0.91–0.92ratio range
Median FMR$1,490
Median Market$1,625
vs market-$135

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2
1 BR· 1 ZIP
1.01ratio
FMR$1,690
Market$1,680
vs market+$10

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
0.82–1.01
2 BR
2 BR· 1 ZIP
0.64ratio
FMR$1,580
Market$2,450
vs market-$870

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
2 BR· 1 ZIP
0.75ratio
FMR$2,000
Market$2,660
vs market-$660

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
2 BR· 1 ZIP
0.89ratio
FMR$1,940
Market$2,170
vs market-$230

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
2 BR· 2 ZIPs
0.93ratio range
Median FMR$1,935
Median Market$2,090
vs market-$155

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2
0.64–0.93
3 BR
3 BR· 1 ZIP
0.77ratio
FMR$1,930
Market$2,500
vs market-$570

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
3 BR· 1 ZIP
0.88ratio
FMR$2,440
Market$2,770
vs market-$330

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
3 BR· 2 ZIPs
0.97–0.98ratio range
Median FMR$2,255
Median Market$2,315
vs market-$60

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2
3 BR· 1 ZIP
1.05ratio
FMR$2,590
Market$2,470
vs market+$120

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
0.77–1.05
4 BR
4 BR· 1 ZIP
0.68ratio
FMR$2,090
Market$3,090
vs market-$1,000

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
4 BR· 2 ZIPs
0.79–0.81ratio range
Median FMR$2,485
Median Market$3,105
vs market-$620

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

2
4 BR· 1 ZIP
0.84ratio
FMR$2,570
Market$3,050
vs market-$480

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
4 BR· 1 ZIP
0.94ratio
FMR$2,810
Market$3,000
vs market-$190

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
0.68–0.94
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

ZIP Codes

Ranked by Investment Score (vs area median)

About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for TROY, MI (MI) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.