FMR is below market; voucher rent may lag private rents.
0.78
1 BR
1 BR
0.92ratio
FMR$1,290
Market$1,400
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR
0.77ratio
FMR$1,480
Market$1,930
vs market-$450
FMR is below market; voucher rent may lag private rents.
0.77
3 BR
3 BR
0.87ratio
FMR$2,050
Market$2,360
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.87
4 BR
4 BR
0.90ratio
FMR$2,370
Market$2,640
vs market-$270
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 48844 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48844 (Howell, MI) is $1,480 a month. That is up 1.4% from $1,460 in FY 2026. Howell is in the Livingston County, MI HUD Metro 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 metro-wide two-bedroom FMR of $1,477. Among 22 ZIP codes in Livingston County, 48844 has the 16th-highest two-bedroom rent (county range $1,320–$1,720). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48844 is 36% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 48844
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,010
$1,170
+15.8%
$1,053–$1,287
1BR
$1,270
$1,290
+1.6%
$1,161–$1,419
2BR
$1,460
$1,480
+1.4%
$1,332–$1,628
3BR
$2,030
$2,050
+1.0%
$1,845–$2,255
4BR
$2,290
$2,370
+3.5%
$2,133–$2,607
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 48844
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,170
$1,290
$1,480
$2,050
$2,370
FY 2026
$1,010
$1,270
$1,460
$2,030
$2,290
FY 2025
$970
$1,220
$1,410
$1,970
$2,210
FY 2024
$920
$1,160
$1,360
$1,870
$2,070
FY 2023
$840
$1,070
$1,260
$1,710
$1,890
Two-bedroom rent in nearby Livingston County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 48844?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,477, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,329 to $1,625 a month; under the ZIP-level Small Area FMR of $1,480 it would be $1,332 to $1,628. 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 48844 in?
ZIP 48844 is in the Livingston County, MI HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,477.
How much did fair market rent change in ZIP 48844 for FY 2027?
The two-bedroom FMR rose 1.4%, from $1,460 in FY 2026 to $1,480 in FY 2027. Since FY 2023 it has risen 17.5%.
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