HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Hillsdale County, Michigan (FY 2027)
A two-bedroom in Hillsdale County carries a FY 2027 Fair Market Rent of $1,022 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Hillsdale keys off that figure.
Two-bedroom FMR
$1,022
+2.0% from FY 2026
Payment standard
$920–$1,124
90% to 110% of the FMR, two-bedroom
Income to afford
$40,880
a year, with rent at 30% of income
Rank in Michigan
58th 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 | $712 | $641–$783 | $28,480 | $13.69/hr | +3.0% |
| 1 bedroom | $781 | $703–$859 | $31,240 | $15.02/hr | +2.2% |
| 2 bedroom | $1,022 | $920–$1,124 | $40,880 | $19.65/hr | +2.0% |
| 3 bedroom | $1,274 | $1,147–$1,401 | $50,960 | $24.50/hr | +1.8% |
| 4 bedroom | $1,343 | $1,209–$1,477 | $53,720 | $25.83/hr | +1.2% |
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 | $1,544 | $1,390–$1,698 |
| 6 bedroom Estimate | $1,746 | $1,571–$1,921 |
| 7 bedroom Estimate | $1,947 | $1,752–$2,142 |
| 8 bedroom Estimate | $2,149 | $1,934–$2,364 |
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 Hillsdale actually rent for?
Search any address in Hillsdale 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 Hillsdale somewhere between $920 and $1,124. 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.
$1,022 a month is affordable, by HUD's 30% rule, on an income of roughly $40,880 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%$920 | Voucher pays at 100%$1,022 | Voucher pays at 110%$1,124 |
|---|---|---|---|---|
| $2,500 | $750 | $170 | $272 | $374 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 2% from FY 2026 ($1,002) to FY 2027 ($1,022). Since FY 2020 it's up 41% in total, about 5.0% 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 | $540 | $550 | $725 | $913 | $982 | — |
| FY 2021 | $548 | $607 | $800 | $995 | $1,085 | +10.3% |
| FY 2022 | $561 | $616 | $811 | $1,003 | $1,100 | +1.4% |
| FY 2023 | $575 | $631 | $831 | $1,036 | $1,136 | +2.5% |
| FY 2024 | $720 | $725 | $952 | $1,199 | $1,306 | +14.6% |
| FY 2025 | $707 | $711 | $933 | $1,188 | $1,237 | -2.0% |
| FY 2026 | $691 | $764 | $1,002 | $1,252 | $1,327 | +7.4% |
| FY 2027In effect | $712 | $781 | $1,022 | $1,274 | $1,343 | +2.0% |
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 Hillsdale, that runs from $712 for a studio up to $1,343 for four bedrooms, all five rates in the table above.
Because Hillsdale sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Allen included.
Among Michigan's 83 counties, Hillsdale ranks 58th for two-bedroom FMR. That's about 6% below the state median of $1,085 and about 4% below the national median county at $1,063. About 45,654 people live here, 37th 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 49227 (Allen) and $1,230 in 49288 (Waldron), with the 14 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.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 49227 | Allen | $1,010 | -1.2% |
| 49232 | Camden | $1,040 | +1.8% |
| 49239 | Frontier | $1,022County rate | — |
| 49242 | Hillsdale | $1,010 | -1.2% |
| 49249 | Jerome | $1,110 | +8.6% |
| 49250 | Jonesville | $1,050 | +2.7% |
| 49252 | Litchfield | $1,060 | +3.7% |
| 49257 | Moscow | $1,020 | -0.2% |
| 49258 | Mosherville | $1,040 | +1.8% |
| 49262 | North Adams | $1,170 | +14.5% |
| 49266 | Osseo | $1,130 | +10.6% |
| 49271 | Pittsford | $1,110 | +8.6% |
| 49274 | Reading | $1,010 | -1.2% |
| 49281 | Somerset | $1,022County rate | — |
| 49282 | Somerset Center | $1,140 | +11.5% |
| 49288 | Waldron | $1,230 | +20.4% |
Nearby counties
Two-bedroom FMR, with how each compares to Hillsdale.
Jackson County
23 mi · 160,060 people
$1,201
+18%
Branch County
24 mi · 45,300 people
$1,093
+7%
Lenawee County
26 mi · 98,415 people
$1,195
+17%
Calhoun County
33 mi · 133,778 people
$1,233
+21%
St. Joseph County
46 mi · 60,969 people
$1,046
+2%
Washtenaw County
47 mi · 369,822 people
$1,804
+77%
Eaton County
49 mi · 109,130 people
$1,323
+29%
Ingham County
52 mi · 283,913 people
$1,323
+29%
Questions people ask
$1,022 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $712 for a studio, $781 for one bedroom, $1,274 for three and $1,343 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 Hillsdale actually go for?
HUD's number is one input. Search any address in Hillsdale for a rent estimate built from nearby comps. Free to start, no card.
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