FY2026 Fair Market Rents — Leelanau County, MI
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,106
1BR
$1,366
2BR
$1,497
3BR
$1,795
4BR
$1,982
Hours/week at min wage
93 hrs
to afford the 2BR FMR @ $12.48/hr (MI)
YoY change (2BR)
+12.7%
+$169 vs FY2025 · 5-yr +71.5%
Voucher payment standard
$1,347–$1,647
PHAs set HCV payment at 90–110% of the 2BR FMR
Leelanau County, MI
Non-Metropolitan area · MI · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,106 | $13,272 |
| 1-Bedroom | $1,366 | $16,392 |
| 2-Bedroom | $1,497 | $17,964 |
| 3-Bedroom | $1,795 | $21,540 |
| 4-Bedroom | $1,982 | $23,784 |
Recent 2-Bedroom FMR Trend
FY2020 $790 → FY2026 $1,497
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,106 | $1,366 | $1,497 | $1,795 | $1,982 |
| FY2025 | $930 | $1,183 | $1,328 | $1,600 | $1,761 |
| FY2024 | $894 | $993 | $1,279 | $1,546 | $1,703 |
| FY2023 | $731 | $822 | $1,057 | $1,336 | $1,800 |
| FY2022 | $658 | $739 | $933 | $1,234 | $1,597 |
| FY2021 | $669 | $709 | $873 | $1,185 | $1,512 |
| FY2020 | $649 | $657 | $790 | $1,071 | $1,334 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $122,100
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $25,700 | $29,350 | $33,000 | $36,650 | $39,600 | $44,360 |
| 50% AMI (Very Low) | $42,750 | $48,850 | $54,950 | $61,050 | $65,950 | $70,850 |
| 80% AMI (Low) | $68,400 | $78,200 | $87,950 | $97,700 | $105,550 | $113,350 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$17,964/yr
FMR as % of Area Median Income
14.7% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$59,880/yr
$4,990/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 | $1,068 | $1,221 | $1,373 | $1,648 | $1,770 |
| 60% AMI Maximum | $1,282 | $1,465 | $1,648 | $1,978 | $2,124 |
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 | $1,106 | $1,366 | $1,497 | $1,795 | $1,982 |
| Low HOME Rent | $1,068 | $1,221 | $1,373 | $1,526 | $1,648 |
Compare Leelanau County, MI With Other MI Metros
vs. Ann Arbor, MI MSA
vs. Barry County, MI HUD Metro FMR Area
vs. Battle Creek, MI MSA
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vs. Benzie County, MI HUD Metro FMR Area