FMR is below market; voucher rent may lag private rents.
0.78
1 BR
1 BR- 49894
0.80ratio
FMR$820
Market$1,020
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.80
2 BR
2 BR- 49894
0.90ratio
FMR$1,070
Market$1,190
vs market-$120
FMR is below market; voucher rent may lag private rents.
0.90
3 BR
3 BR- 49894
1.15ratio
FMR$1,420
Market$1,240
vs market+$180
FMR is above market; underwrite to market rent.
1.15
4 BR
4 BR- 49894
1.41ratio
FMR$1,780
Market$1,260
vs market+$520
FMR is above market; underwrite to market rent.
1.41
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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Wells, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Wells, MI is $1,070 a month. That is up 3.9% from $1,030 in FY 2026. Wells is in the Delta County, MI non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,014. The median county two-bedroom FMR in Michigan is $1,085, so Wells is 1% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Wells, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$760
$810
+6.6%
$729–$891
1BR
$790
$820
+3.8%
$738–$902
2BR
$1,030
$1,070
+3.9%
$963–$1,177
3BR
$1,370
$1,420
+3.6%
$1,278–$1,562
4BR
$1,730
$1,780
+2.9%
$1,602–$1,958
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Wells, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$810
$820
$1,070
$1,420
$1,780
FY 2026
$760
$790
$1,030
$1,370
$1,730
FY 2025
$670
$740
$970
$1,280
$1,640
FY 2024area FMR
$684
$689
$905
$1,189
$1,534
FY 2023area FMR
$623
$628
$826
$1,103
$1,407
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Wells, MI rents
How much will Section 8 pay for a two-bedroom in Wells, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,070 it would be $963 to $1,177. 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 Wells, MI in?
Wells, MI is in the Delta County, MI non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.
How much did fair market rent change in Wells, MI for FY 2027?
The two-bedroom FMR rose 3.9%, from $1,030 in FY 2026 to $1,070 in FY 2027. Since FY 2025 it has risen 10.3%.
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