FMR is below market; voucher rent may lag private rents.
0.64
1 BR
1 BR- 49098
0.86ratio
FMR$1,110
Market$1,290
vs market-$180
FMR is below market; voucher rent may lag private rents.
0.86
2 BR
2 BR- 49098
1.08ratio
FMR$1,450
Market$1,340
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.08
3 BR
3 BR- 49098
0.94ratio
FMR$1,900
Market$2,030
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.94
4 BR
4 BR- 49098
0.90ratio
FMR$1,900
Market$2,120
vs market-$220
FMR is below market; voucher rent may lag private rents.
0.90
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
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Watervliet, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Watervliet, MI is $1,450 a month. That is up 3.6% from $1,400 in FY 2026. Watervliet is in the Niles, MI MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,152. The median county two-bedroom FMR in Michigan is $1,085, so Watervliet is 34% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Watervliet, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$970
$1,010
+4.1%
$909–$1,111
1BR
$1,070
$1,110
+3.7%
$999–$1,221
2BR
$1,400
$1,450
+3.6%
$1,305–$1,595
3BR
$1,840
$1,900
+3.3%
$1,710–$2,090
4BR
$1,860
$1,900
+2.2%
$1,710–$2,090
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Watervliet, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,010
$1,110
$1,450
$1,900
$1,900
FY 2026
$970
$1,070
$1,400
$1,840
$1,860
FY 2025
$840
$930
$1,220
$1,580
$1,620
FY 2024
$700
$790
$1,040
$1,330
$1,400
FY 2023
$700
$720
$930
$1,190
$1,330
Questions about Watervliet, MI rents
How much will Section 8 pay for a two-bedroom in Watervliet, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,152, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,037 to $1,267 a month; under the ZIP-level Small Area FMR of $1,450 it would be $1,305 to $1,595. 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 Watervliet, MI in?
Watervliet, MI is in the Niles, MI MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,152.
How much did fair market rent change in Watervliet, MI for FY 2027?
The two-bedroom FMR rose 3.6%, from $1,400 in FY 2026 to $1,450 in FY 2027. Since FY 2023 it has risen 55.9%.
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