FY2026 Fair Market Rents — Bay City, MI MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$809
1BR
$814
2BR
$1,030
3BR
$1,399
4BR
$1,518
Hours/week at min wage
64 hrs
to afford the 2BR FMR @ $12.48/hr (MI)
National rank
#525
of 661 U.S. metros (top 80% most expensive)
YoY change (2BR)
+5.5%
+$54 vs FY2025 · 5-yr +32.7%
Voucher payment standard
$927–$1,133
PHAs set HCV payment at 90–110% of the 2BR FMR
Bay City, MI MSA
Metropolitan area · MI · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $809 | $9,708 |
| 1-Bedroom | $814 | $9,768 |
| 2-Bedroom | $1,030 | $12,360 |
| 3-Bedroom | $1,399 | $16,788 |
| 4-Bedroom | $1,518 | $18,216 |
Recent 2-Bedroom FMR Trend
FY2020 $734 → FY2026 $1,030
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $809 | $814 | $1,030 | $1,399 | $1,518 |
| FY2025 | $764 | $769 | $976 | $1,305 | $1,406 |
| FY2024 | $731 | $736 | $937 | $1,246 | $1,367 |
| FY2023 | $629 | $686 | $876 | $1,150 | $1,269 |
| FY2022 | $522 | $611 | $786 | $1,031 | $1,118 |
| FY2021 | $512 | $589 | $776 | $1,020 | $1,064 |
| FY2020 | $478 | $557 | $734 | $972 | $994 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $89,900
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $18,900 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $31,500 | $36,000 | $40,500 | $44,950 | $48,550 | $52,150 |
| 80% AMI (Low) | $50,350 | $57,550 | $64,750 | $71,900 | $77,700 | $83,450 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$12,360/yr
FMR as % of Area Median Income
13.7% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$41,200/yr
$3,433/mo gross income
FY2026 LIHTC Maximum Rents
Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →
| AMI Band | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 50% AMI Maximum | $786 | $899 | $1,011 | $1,213 | $1,303 |
| 60% AMI Maximum | $943 | $1,078 | $1,213 | $1,456 | $1,564 |
FY2026 HOME Program Rent Limits
Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $809 | $814 | $1,030 | $1,399 | $1,460 |
| Low HOME Rent | $787 | $900 | $1,012 | $1,123 | $1,213 |
Compare Bay City, MI MSA With Other MI Metros
vs. Ann Arbor, MI MSA
vs. Barry County, MI HUD Metro FMR Area
vs. Battle Creek, MI MSA
vs. Benzie County, MI HUD Metro FMR Area
vs. Cass County, MI HUD Metro FMR Area