What is the Fair Market Rent in Troy, MI?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,810 to $2,190 a month across the 4 ZIP codes that cover Troy.

By ZIP code: 48083 $1,810, 48085 $2,190, 48098 $2,000, 48084 $2,100.

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 Troy is $1,685 (±$66), below the Small Area figure for ZIP 48083.

Figures last updated on .

2 bedrooms, whole area
$1,459
2 bedrooms, ZIP 48083
$1,810
2 bedrooms, ZIP 48085
$2,190
2 bedrooms, ZIP 48098
$2,000

Fair Market Rents for Troy, 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 48083$1,300$1,450$1,810$2,200$2,390$1,340
ZIP 48085$1,570$1,750$2,190$2,670$2,900$2,620
ZIP 48098$1,440$1,600$2,000$2,440$2,640$1,712
ZIP 48084 (99% of the ZIP’s land is in this place)$1,510$1,680$2,100$2,560$2,780$1,671

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 Troy

What is the Section 8 payment standard in Troy?

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 48083 is $1,810.

What is the Fair Market Rent for a two-bedroom in ZIP 48083?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 48083 is $1,810 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,340 (±$162).

What is the Fair Market Rent for a two-bedroom in ZIP 48085?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 48085 is $2,190 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $2,620 (±$834).

What is the Fair Market Rent for a two-bedroom in ZIP 48098?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 48098 is $2,000 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,712 (±$107).

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

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 48083 is $1,450 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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