FMR is near market; voucher and private rents are aligned.
1.06
2 BR
2 BR- 48390
1.07ratio
FMR$1,960
Market$1,830
vs market+$130
FMR is near market; voucher and private rents are aligned.
1.07
3 BR
3 BR- 48390
0.96ratio
FMR$2,390
Market$2,490
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 48390
0.74ratio
FMR$2,590
Market$3,480
vs market-$890
FMR is below market; voucher rent may lag private rents.
0.74
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
--
Walled Lake, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Walled Lake, MI is $1,960 a month. That is unchanged from FY 2026. Walled Lake 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 Walled Lake is 81% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Walled Lake, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,400
$1,410
+0.7%
$1,269–$1,551
1BR
$1,560
$1,570
+0.6%
$1,413–$1,727
2BR
$1,960
$1,960
0.0%
$1,764–$2,156
3BR
$2,390
$2,390
0.0%
$2,151–$2,629
4BR
$2,600
$2,590
−0.4%
$2,331–$2,849
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Walled Lake, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,410
$1,570
$1,960
$2,390
$2,590
FY 2026
$1,400
$1,560
$1,960
$2,390
$2,600
FY 2025
$1,330
$1,460
$1,850
$2,270
$2,450
FY 2024
$1,200
$1,330
$1,680
$2,080
$2,240
FY 2023
$1,070
$1,200
$1,530
$1,910
$2,060
Questions about Walled Lake, MI rents
How much will Section 8 pay for a two-bedroom in Walled Lake, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,960, that basic range is $1,764 to $2,156 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 Walled Lake, MI in?
Walled Lake, 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 Walled Lake, MI for FY 2027?
The two-bedroom FMR was unchanged at $1,960 in FY 2027. Since FY 2023 it has risen 28.1%.
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