HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Schoolcraft County, Michigan (FY 2027)
$1,014 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Schoolcraft County, and it's the baseline every voucher in Schoolcraft is measured against.
Two-bedroom FMR
$1,014
+4.2% from FY 2026
Payment standard
$913–$1,115
90% to 110% of the FMR, two-bedroom
Income to afford
$40,560
a year, with rent at 30% of income
Rank in Michigan
82nd 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 | $723 | $651–$795 | $28,920 | $13.90/hr | +4.9% |
| 1 bedroom | $881 | $793–$969 | $35,240 | $16.94/hr | +2.7% |
| 2 bedroom | $1,014 | $913–$1,115 | $40,560 | $19.50/hr | +4.2% |
| 3 bedroom | $1,317 | $1,185–$1,449 | $52,680 | $25.33/hr | -1.6% |
| 4 bedroom | $1,426 | $1,283–$1,569 | $57,040 | $27.42/hr | +3.3% |
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 | $1,640 | $1,476–$1,804 |
| 6 bedroom Estimate | $1,854 | $1,669–$2,039 |
| 7 bedroom Estimate | $2,068 | $1,861–$2,275 |
| 8 bedroom Estimate | $2,282 | $2,054–$2,510 |
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 Schoolcraft actually rent for?
Search any address in Schoolcraft 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 Schoolcraft somewhere between $913 and $1,115. 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.
$1,014 a month is affordable, by HUD's 30% rule, on an income of roughly $40,560 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%$913 | Voucher pays at 100%$1,014 | Voucher pays at 110%$1,115 |
|---|---|---|---|---|
| $2,500 | $750 | $163 | $264 | $365 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 4% from FY 2026 ($973) to FY 2027 ($1,014). Since FY 2020 it's up 42% in total, about 5.2% 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 | $495 | $541 | $713 | $889 | $998 | — |
| FY 2021 | $503 | $557 | $734 | $913 | $1,040 | +2.9% |
| FY 2022 | $524 | $575 | $757 | $974 | $1,072 | +3.1% |
| FY 2023 | $571 | $628 | $826 | $1,089 | $1,174 | +9.1% |
| FY 2024 | $633 | $715 | $905 | $1,214 | $1,283 | +9.6% |
| FY 2025 | $654 | $780 | $933 | $1,292 | $1,328 | +3.1% |
| FY 2026 | $689 | $858 | $973 | $1,338 | $1,380 | +4.3% |
| FY 2027In effect | $723 | $881 | $1,014 | $1,317 | $1,426 | +4.2% |
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 Schoolcraft, that runs from $723 for a studio up to $1,426 for four bedrooms, all five rates in the table above.
Because Schoolcraft 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, Cooks included.
Among Michigan's 83 counties, Schoolcraft ranks 82nd for two-bedroom FMR. That's about 7% below the state median of $1,085 and about 5% below the national median county at $1,063. About 8,128 people live here, 80th 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 49836 (Germfask) and $1,520 in 49840 (Gulliver), with the 5 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 Schoolcraft.
Luce County
29 mi · 6,271 people
$1,014
same rate
Alger County
35 mi · 8,762 people
$1,064
+5%
Delta County
45 mi · 36,813 people
$1,014
same rate
Mackinac County
54 mi · 10,957 people
$1,057
+4%
Emmet County
72 mi · 34,125 people
$1,336
+32%
Charlevoix County
74 mi · 26,108 people
$1,119
+10%
Marquette County
74 mi · 67,112 people
$1,199
+18%
Menominee County
78 mi · 23,247 people
$1,014
same rate
Questions people ask
$1,014 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $723 for a studio, $881 for one bedroom, $1,317 for three and $1,426 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 Schoolcraft actually go for?
HUD's number is one input. Search any address in Schoolcraft for a rent estimate built from nearby comps. Free to start, no card.
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