What is the Fair Market Rent in Novi, MI?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,630 to $2,190 a month across the 3 ZIP codes that cover Novi.

By ZIP code: 48374 $2,190, 48375 $2,190, 48377 $1,630.

Across the whole Detroit-Warren-Livonia, MI HUD Metro FMR Area the two-bedroom figure is $1,459.

The Census Bureau’s median gross rent for a two-bedroom home in Novi is $1,764 (±$65), below the Small Area figure for ZIP 48374.

Figures last updated on .

2 bedrooms, whole area
$1,459
2 bedrooms, ZIP 48374
$2,190
2 bedrooms, ZIP 48375
$2,190
2 bedrooms, ZIP 48377
$1,630

Fair Market Rents for Novi, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
Studio1 bedroom2 bedrooms3 bedrooms4 bedroomsCensus median rent
Detroit-Warren-Livonia, MI HUD Metro FMR Area (whole area)$1,047$1,167$1,459$1,777$1,929—
ZIP 48374$1,570$1,750$2,190$2,670$2,900$2,548
ZIP 48375$1,570$1,750$2,190$2,670$2,900$1,847
ZIP 48377$1,170$1,300$1,630$1,980$2,150$1,579

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Novi

What is the Section 8 payment standard in Novi?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Detroit-Warren-Livonia, MI HUD Metro FMR Area is $1,459, and the Small Area figure for 48374 is $2,190.

What is the Fair Market Rent for a two-bedroom in ZIP 48374?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 48374 is $2,190 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $2,548 (±$663).

What is the Fair Market Rent for a two-bedroom in ZIP 48375?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 48375 is $2,190 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,847 (±$91).

What is the Fair Market Rent for a two-bedroom in ZIP 48377?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 48377 is $1,630 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,579 (±$155).

What is the Fair Market Rent for a one-bedroom in Novi?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 48374 is $1,750 a month, against $1,167 across the Detroit-Warren-Livonia, MI HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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