FMR is near market; voucher and private rents are aligned.
0.90
1 BR
1 BR
0.86ratio
FMR$1,500
Market$1,740
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.86
2 BR
2 BR
0.79ratio
FMR$1,800
Market$2,290
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR
0.76ratio
FMR$2,160
Market$2,840
vs market-$680
FMR is below market; voucher rent may lag private rents.
0.76
4 BR
4 BR
0.71ratio
FMR$2,370
Market$3,340
vs market-$970
FMR is below market; voucher rent may lag private rents.
0.71
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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ZIP 48106 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48106 (Ann Arbor, MI) is $1,800 a month. That is up 8.4% from $1,660 in FY 2026. Ann Arbor is in the Ann Arbor, 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 $1,804. Among 33 ZIP codes in Washtenaw County, 48106 is tied for the 10th-highest two-bedroom rent (county range $1,500–$2,260). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48106 is 66% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 48106
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,370
$1,460
+6.6%
$1,314–$1,606
1BR
$1,390
$1,500
+7.9%
$1,350–$1,650
2BR
$1,660
$1,800
+8.4%
$1,620–$1,980
3BR
$1,990
$2,160
+8.5%
$1,944–$2,376
4BR
$2,200
$2,370
+7.7%
$2,133–$2,607
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 48106
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,460
$1,500
$1,800
$2,160
$2,370
FY 2026
$1,370
$1,390
$1,660
$1,990
$2,200
FY 2025
$1,330
$1,350
$1,610
$1,940
$2,130
FY 2024
$1,220
$1,230
$1,470
$1,780
$2,000
FY 2023
$1,140
$1,150
$1,380
$1,680
$1,920
Two-bedroom rent in nearby Washtenaw County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 48106?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,804, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,624 to $1,984 a month; under the ZIP-level Small Area FMR of $1,800 it would be $1,620 to $1,980. 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 ZIP 48106 in?
ZIP 48106 is in the Ann Arbor, MI MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,804.
How much did fair market rent change in ZIP 48106 for FY 2027?
The two-bedroom FMR rose 8.4%, from $1,660 in FY 2026 to $1,800 in FY 2027. Since FY 2023 it has risen 30.4%.
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