FY2027 Small Area FMR · Waterford, MI

ZIP 48329 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 48329 (Waterford, MI) is $1,650 a month, down 4.1% from FY2026. That is 13% above the Detroit-Warren-Livonia, MI area-wide FMR of $1,459.

2-bedroom SAFMR$1,650per month ▼ 4.1%

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

Rank in the area55thof 250 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,485

2 BR Small Area FMR$1,650

110% of SAFMR$1,815

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

Studio$1,180▼ 4.1%

1 BR$1,320▼ 3.6%

2 BR$1,650▼ 4.1%

3 BR$2,010▼ 4.3%

4 BR$2,180▼ 4.4%

FY2027 FY2026

Where 48329 sits in the Detroit-Warren-Livonia, MI area

Of the 250 ZIP codes HUD lists for the area, 48329 has the 55th 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 $1,485 and $1,815 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,180	$1,062 – $1,298	$1,047	$1,230
1 bedroom	$1,320	$1,188 – $1,452	$1,167	$1,370
2 bedrooms	$1,650	$1,485 – $1,815	$1,459	$1,720
3 bedrooms	$2,010	$1,809 – $2,211	$1,777	$2,100
4 bedrooms	$2,180	$1,962 – $2,398	$1,929	$2,280

A household renting a two-bedroom home at the Small Area FMR of $1,650 needs about $66,000 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 48329 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
48328	Waterford	2.9 mi	$1,300
48346	Clarkston	2.9 mi	$1,700
48327	Waterford	3.5 mi	$1,310
48386	White Lake	5.0 mi	$1,780
48340	Pontiac	5.2 mi	$1,390
48348	Clarkston	5.7 mi	$1,450

Questions

What is the Fair Market Rent for ZIP code 48329?

HUD's FY2027 Small Area Fair Market Rents for 48329 are $1,180 (studio), $1,320 (1 BR), $1,650 (2 BR), $2,010 (3 BR) and $2,180 (4 BR) a month.

What is the Section 8 payment standard in 48329?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 48329 that range is $1,485 to $1,815 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 48329?

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.