FY2027 Small Area FMR · Troy, MI

ZIP 48099 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 48099 (Troy, MI) is $1,630 a month, up 3.2% from FY2026. That is 12% above the Detroit-Warren-Livonia, MI area-wide FMR of $1,459.

2-bedroom SAFMR$1,630per month ▲ 3.2%

Area-wide 2 BR FMR$1,459Detroit-Warren-Livonia, MI

Rank in the area61stof 250 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,467

2 BR Small Area FMR$1,630

110% of SAFMR$1,793

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,170▲ 3.5%

1 BR$1,300▲ 3.2%

2 BR$1,630▲ 3.2%

3 BR$1,980▲ 2.6%

4 BR$2,150▲ 2.9%

FY2027 FY2026

Where 48099 sits in the Detroit-Warren-Livonia, MI area

Of the 250 ZIP codes HUD lists for the area, 48099 has the 61st highest two-bedroom Small Area FMR. Detroit-Warren-Livonia, MI is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,467 and $1,793 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,170	$1,053 – $1,287	$1,047	$1,130
1 bedroom	$1,300	$1,170 – $1,430	$1,167	$1,260
2 bedrooms	$1,630	$1,467 – $1,793	$1,459	$1,580
3 bedrooms	$1,980	$1,782 – $2,178	$1,777	$1,930
4 bedrooms	$2,150	$1,935 – $2,365	$1,929	$2,090

A household renting a two-bedroom home at the Small Area FMR of $1,630 needs about $65,200 a year to keep housing costs at 30% of income. The area median family income is $104,800 and the 80% low-income limit for four people is $83,850. ZIP code 48099 lies mainly in Oakland County. See the Detroit-Warren-Livonia, MI metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
48098	Troy	0.8 mi	$2,000
48084	Troy	1.9 mi	$2,100
48085	Troy	2.9 mi	$2,190
48304	Bloomfield Hills	3.0 mi	$1,850
48083	Troy	3.6 mi	$1,810
48017	Clawson	3.7 mi	$1,510

Questions

What is the Fair Market Rent for ZIP code 48099?

HUD's FY2027 Small Area Fair Market Rents for 48099 are $1,170 (studio), $1,300 (1 BR), $1,630 (2 BR), $1,980 (3 BR) and $2,150 (4 BR) a month.

What is the Section 8 payment standard in 48099?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 48099 that range is $1,467 to $1,793 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 48099?

The FY2026 income limits of the Detroit-Warren-Livonia, MI area apply: median family income $104,800, low-income (80%) limit $83,850 for a family of four.