Skip to main content
Loading page
MI/Oakland County/Troy

Troy, MI

CitySAFMR
Oakland County
Found 5 ZIPs
Zillow

City Median Investment Score

98Above average

095130300
BRFMR
Eff. Rent
0 BR$1,170 – $1,570$1,290 – $1,730
1 BR$1,300 – $1,750$1,430 – $1,710
2 BR$1,630 – $2,190$1,790 – $2,310
3 BR$1,980 – $2,670$2,180 – $2,700
4 BR$2,150 – $2,900$2,370 – $3,060
5 BR$3,036Not available
6 BR$3,491Not available
7 BR$4,015Not available
8 BR$4,617Not available

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
2
0.77-1.13
1 BR
2
0.85-1.04
2 BR
2
0.67-0.96
3 BR
2
0.79-1.08
4 BR
2
0.70-0.97
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Troy, MI fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 5 ZIP codes in Troy, MI ranges from $1,630 to $2,190 a month, with a median of $2,000. That is up 3.1% from $1,940 in FY 2026. Troy 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 Troy is 84% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Troy, MI
BedroomsFY 2027Change90–110% range
Studio$1,440+3.6%$1,296–$1,584
1BR$1,600+3.9%$1,440–$1,760
2BR$2,000+3.1%$1,800–$2,200
3BR$2,440+3.0%$2,196–$2,684
4BR$2,640+2.7%$2,376–$2,904

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Troy, MI
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,440$1,600$2,000$2,440$2,640
FY 2026$1,390$1,540$1,940$2,370$2,570
FY 2025$1,360$1,490$1,890$2,320$2,510
FY 2024$1,250$1,390$1,760$2,170$2,340
FY 2023$1,140$1,280$1,630$2,030$2,190

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
48085$2,190+9.5%
48084$2,100+5.0%
48098$2,0000.0%
48083$1,810−9.5%
48099$1,630−18.5%

Questions about Troy, MI rents

How much will Section 8 pay for a two-bedroom in Troy, MI?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,000, that basic range is $1,800 to $2,200 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 Troy, MI in?

Troy, 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 Troy, MI for FY 2027?

The two-bedroom FMR rose 3.1%, from $1,940 in FY 2026 to $2,000 in FY 2027. Since FY 2023 it has risen 22.7%.

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

County fair market rentMI statewide rentsWhat is SAFMR?Data sources