FMR is near market; voucher and private rents are aligned.
1.06
1 BR
1 BR
1.02ratio
FMR$936
Market$920
vs market+$16
FMR is near market; voucher and private rents are aligned.
1.02
2 BR
2 BR
1.11ratio
FMR$1,205
Market$1,090
vs market+$115
FMR is above market; underwrite to market rent.
1.11
3 BR
3 BR
0.93ratio
FMR$1,498
Market$1,610
vs market-$112
FMR is near market; voucher and private rents are aligned.
0.93
4 BR
4 BR
0.90ratio
FMR$1,790
Market$2,000
vs market-$210
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
--
ZIP 48670 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 48670 (Midland, MI) is $1,205 a month. That is up 1.0% from $1,193 in FY 2026. Midland is in the Midland, MI MSA. The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48670 is 11% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 48670
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$907
$920
+1.4%
$828–$1,012
1BR
$925
$936
+1.2%
$842–$1,030
2BR
$1,193
$1,205
+1.0%
$1,085–$1,326
3BR
$1,518
$1,498
−1.3%
$1,348–$1,648
4BR
$1,682
$1,790
+6.4%
$1,611–$1,969
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 48670
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$920
$936
$1,205
$1,498
$1,790
FY 2026
$907
$925
$1,193
$1,518
$1,682
FY 2025
$870
$872
$1,137
$1,472
$1,529
FY 2024
$814
$820
$1,074
$1,409
$1,439
FY 2023
$715
$746
$978
$1,313
$1,399
Questions about ZIP 48670 rents
How much will Section 8 pay for a two-bedroom in ZIP 48670?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,205, that basic range is $1,085 to $1,326 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 ZIP 48670 in?
ZIP 48670 is in the Midland, MI MSA. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in ZIP 48670 for FY 2027?
The two-bedroom FMR rose 1.0%, from $1,193 in FY 2026 to $1,205 in FY 2027. Since FY 2023 it has risen 23.2%.
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 Fair Market Rents. 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