FMR is near market; voucher and private rents are aligned.
1.04
1 BR
1 BR
1.19ratio
FMR$940
Market$790
vs market+$150
FMR is above market; underwrite to market rent.
1.19
2 BR
2 BR
1.36ratio
FMR$1,130
Market$830
vs market+$300
FMR is above market; underwrite to market rent.
1.36
3 BR
3 BR
1.21ratio
FMR$1,390
Market$1,150
vs market+$240
FMR is above market; underwrite to market rent.
1.21
4 BR
4 BR
1.39ratio
FMR$1,610
Market$1,160
vs market+$450
FMR is above market; underwrite to market rent.
1.39
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 48550 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48550 (Flint, MI) is $1,130 a month. That is up 9.7% from $1,030 in FY 2026. Flint is in the Flint, 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 $1,133. Among 39 ZIP codes in Genesee County, 48550 is tied for the 19th-highest two-bedroom rent (county range $1,010–$1,640). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48550 is 4% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 48550
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$730
$790
+8.2%
$711–$869
1BR
$850
$940
+10.6%
$846–$1,034
2BR
$1,030
$1,130
+9.7%
$1,017–$1,243
3BR
$1,270
$1,390
+9.4%
$1,251–$1,529
4BR
$1,490
$1,610
+8.1%
$1,449–$1,771
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 48550
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$790
$940
$1,130
$1,390
$1,610
FY 2026
$730
$850
$1,030
$1,270
$1,490
FY 2025
$690
$810
$990
$1,220
$1,400
FY 2024
$740
$850
$1,060
$1,320
$1,440
FY 2023
$650
$750
$940
$1,170
$1,270
Two-bedroom rent in nearby Genesee County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 48550?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,133, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,020 to $1,246 a month; under the ZIP-level Small Area FMR of $1,130 it would be $1,017 to $1,243. 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 48550 in?
ZIP 48550 is in the Flint, MI MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,133.
How much did fair market rent change in ZIP 48550 for FY 2027?
The two-bedroom FMR rose 9.7%, from $1,030 in FY 2026 to $1,130 in FY 2027. Since FY 2023 it has risen 20.2%.
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