Metro FMR area · MI · HUD FY 2027

Bay City, MI Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Bay City, MI area is $1,055 a month, 22% below the Michigan average and 40% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 18 ZIP codes range from $1,010 to $1,400.

$1,0552-bedroom FMR+$25 (+2.4%) vs FY 2026
$8351-bedroom FMRU.S.: $1,478
$42,200Income for a 2-bedroomat 30% of income
103,008Residents1 county

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,055/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Bay City, MI FMR	$1,055	$42,200	–
Michigan average	$1,361	$54,422	–
U.S. average	$1,761	$70,432	–

Bay City, MI Fair Market Rents, FY 2027 vs FY 2026
Unit	Bay City, MI FY 2027	FY 2026	Change	Michigan avg	U.S. avg	Income needed
Studio	$830	$809	+$21 (+2.6%)	$1,003	$1,379	$33,200
1 bedroom	$835	$814	+$21 (+2.6%)	$1,101	$1,478	$33,400
2 bedrooms	$1,055	$1,030	+$25 (+2.4%)	$1,361	$1,761	$42,200
3 bedrooms	$1,429	$1,399	+$30 (+2.1%)	$1,697	$2,266	$57,160
4 bedrooms	$1,537	$1,518	+$19 (+1.3%)	$1,873	$2,607	$61,480

Counties in this FMR area

Counties in the Bay City, MI FMR area
County	Residents in area
Bay County, MI	103,008

Small Area FMRs by ZIP code

Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,080.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Bay City, MI
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
48604	$880	$990	$1,260	$1,620	$1,660	+$70 (+5.9%)	19% above
48611	$830	$830	$1,050	$1,420	$1,530	+$30 (+2.9%)	about the same as
48613	$1,050	$1,060	$1,350	$1,840	$1,990	+$50 (+3.8%)	28% above
48623	$990	$1,090	$1,400	$1,800	$1,860	+$70 (+5.3%)	33% above
48631	$800	$800	$1,010	$1,380	$1,490	+$20 (+2.0%)	4% below
48634	$820	$840	$1,080	$1,380	$1,520	+$50 (+4.9%)	2% above
48642	$1,040	$1,060	$1,360	$1,700	$2,020	+$20 (+1.5%)	29% above
48650	$790	$800	$1,010	$1,380	$1,500	no change	4% below
48652	$930	$940	$1,210	$1,630	$1,880	−$120 (−9.0%)	15% above
48658	$730	$790	$1,010	$1,360	$1,700	+$40 (+4.1%)	4% below
48659	$750	$840	$1,080	$1,440	$1,800	+$30 (+2.9%)	2% above
48706	$860	$860	$1,090	$1,480	$1,590	+$20 (+1.9%)	3% above
48707	$830	$840	$1,060	$1,440	$1,540	+$30 (+2.9%)	about the same as
48708	$800	$800	$1,010	$1,380	$1,490	+$40 (+4.1%)	4% below
48710	$830	$840	$1,060	$1,440	$1,540	+$30 (+2.9%)	about the same as
48732	$800	$810	$1,020	$1,380	$1,490	+$30 (+3.0%)	3% below
48747	$950	$960	$1,210	$1,640	$1,760	+$80 (+7.1%)	15% above
48757	$770	$900	$1,100	$1,440	$1,610	+$70 (+6.8%)	4% above

Sources

U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).

Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.