What is the Fair Market Rent for a 2-bedroom in Shiawassee County, MI HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Shiawassee County, MI HUD Metro FMR Area is $943 per month for fiscal year 2025. The studio FMR is $714, 1-bedroom is $719, 3-bedroom is $1,264, and 4-bedroom is $1,373.

What income do you need to afford the FMR in Shiawassee County, MI HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $37,720 per year ($3,143 per month) to afford the FY2025 2-bedroom Fair Market Rent of $943 in Shiawassee County, MI HUD Metro FMR Area.

FY2025 Fair Market Rents — Shiawassee County, MI HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2025 in this area are:

Studio

$714

1BR

$719

2BR

$943

3BR

$1,264

4BR

$1,373

Hours/week at min wage

59 hrs

to afford the 2BR FMR @ $12.48/hr (MI)

National rank

#544

of 639 U.S. metros (top 86% most expensive)

YoY change (2BR)

+4.2%

+$38 vs FY2024

Voucher payment standard

$849–$1,037

PHAs set HCV payment at 90–110% of the 2BR FMR

Shiawassee County, MI HUD Metro FMR Area

Metropolitan area · MI · View full history · Income limits · LIHTC rents

FY2025 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$714	$8,568
1-Bedroom	$719	$8,628
2-Bedroom	$943	$11,316
3-Bedroom	$1,264	$15,168
4-Bedroom	$1,373	$16,476

Recent 2-Bedroom FMR Trend

FY2022 $770 → FY2025 $943

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2025	$714	$719	$943	$1,264	$1,373
FY2024	$684	$689	$905	$1,221	$1,278
FY2023	$648	$652	$858	$1,162	$1,212
FY2022	$581	$585	$770	$1,026	$1,105

View full FMR history back to FY2000 →

FY2024 Income Limits

Area Median Income (AMI): $80,400

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$16,900	$20,440	$25,820	$31,200	$36,580	$41,960
50% AMI (Very Low)	$28,150	$32,200	$36,200	$40,200	$43,450	$46,650
80% AMI (Low)	$45,050	$51,450	$57,900	$64,300	$69,450	$74,600

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$11,316/yr

FMR as % of Area Median Income

14.1% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$37,720/yr

$3,143/mo gross income

FY2024 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	$703	$804	$904	$1,085	$1,165
60% AMI Maximum	$844	$964	$1,085	$1,302	$1,398

FY2024 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	$684	$689	$905	$1,221	$1,278
Low HOME Rent	$703	$805	$905	$1,005	$1,086

Compare Shiawassee County, MI HUD Metro FMR Area With Other MI Metros

vs. Ann Arbor, MI MSA vs. Barry County, MI HUD Metro FMR Area vs. Battle Creek, MI MSA vs. Bay City, MI MSA vs. Benzie County, MI HUD Metro FMR Area