HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Bay County, Michigan (FY 2027)
A two-bedroom in Bay County carries a FY 2027 Fair Market Rent of $1,055 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Bay keys off that figure.
Two-bedroom FMR
$1,055
+2.4% from FY 2026
Payment standard
$950–$1,161
90% to 110% of the FMR, two-bedroom
Income to afford
$42,200
a year, with rent at 30% of income
Rank in Michigan
49th of 83
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $830 | $747–$913 | $33,200 | $15.96/hr | +2.6% |
| 1 bedroom | $835 | $752–$919 | $33,400 | $16.06/hr | +2.6% |
| 2 bedroom | $1,055 | $950–$1,161 | $42,200 | $20.29/hr | +2.4% |
| 3 bedroom | $1,429 | $1,286–$1,572 | $57,160 | $27.48/hr | +2.1% |
| 4 bedroom | $1,537 | $1,383–$1,691 | $61,480 | $29.56/hr | +1.3% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,768 | $1,591–$1,945 |
| 6 bedroom Estimate | $1,998 | $1,798–$2,198 |
| 7 bedroom Estimate | $2,229 | $2,006–$2,452 |
| 8 bedroom Estimate | $2,459 | $2,213–$2,705 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Bay actually rent for?
Search any address in Bay for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Bay somewhere between $950 and $1,161. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,055 a month is affordable, by HUD's 30% rule, on an income of roughly $42,200 a year. Put another way, $20 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$950 | Voucher pays at 100%$1,055 | Voucher pays at 110%$1,161 |
|---|---|---|---|---|
| $2,500 | $750 | $200 | $305 | $411 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 2% from FY 2026 ($1,030) to FY 2027 ($1,055). Since FY 2020 it's up 44% in total, about 5.3% a year. The Michigan median moved up 5% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $478 | $557 | $734 | $972 | $994 | — |
| FY 2021 | $512 | $589 | $776 | $1,020 | $1,064 | +5.7% |
| FY 2022 | $522 | $611 | $786 | $1,031 | $1,118 | +1.3% |
| FY 2023 | $629 | $686 | $876 | $1,150 | $1,269 | +11.5% |
| FY 2024 | $731 | $736 | $937 | $1,246 | $1,367 | +7.0% |
| FY 2025 | $764 | $769 | $976 | $1,305 | $1,406 | +4.2% |
| FY 2026 | $809 | $814 | $1,030 | $1,399 | $1,518 | +5.5% |
| FY 2027In effect | $830 | $835 | $1,055 | $1,429 | $1,537 | +2.4% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Bay, that runs from $830 for a studio up to $1,537 for four bedrooms, all five rates in the table above.
Bay is its own HUD metro area (Bay City, MI), so the rate here is set from rents inside the county rather than a wider region.
Among Michigan's 83 counties, Bay ranks 49th for two-bedroom FMR. That's about 3% below the state median of $1,085 and within a couple percent of the national median county at $1,063. About 103,008 people live here, 20th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,010 in 48631 (Kawkawlin) and $1,350 in 48613 (Bentley), with the 11 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
Nearby counties
Two-bedroom FMR, with how each compares to Bay.
Gladwin County
18 mi · 25,693 people
$1,014
-4%
Midland County
18 mi · 83,757 people
$1,205
+14%
Saginaw County
22 mi · 188,665 people
$1,141
+8%
Arenac County
27 mi · 15,077 people
$1,014
-4%
Tuscola County
31 mi · 52,980 people
$1,014
-4%
Gratiot County
42 mi · 41,385 people
$1,018
-4%
Isabella County
45 mi · 64,565 people
$1,059
same rate
Ogemaw County
45 mi · 20,885 people
$1,033
-2%
Questions people ask
$1,055 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $830 for a studio, $835 for one bedroom, $1,429 for three and $1,537 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Bay actually go for?
HUD's number is one input. Search any address in Bay for a rent estimate built from nearby comps. Free to start, no card.
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