FY2026 Fair Market Rents — Bay County
Studio
$809
1BR
$814
2BR
$1,030
3BR
$1,399
4BR
$1,518
Bay County, Michigan
FIPS 26017 · County-level FMR and income limit data
FMR Area: Bay City, MI MSA
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 |
To afford the FY2026 2-bedroom FMR of $1,030/mo under the 30%-of-income rule, a household needs about
$41,200/yr ($3,433/mo). Area Median Income is $89,900.
At MI's state minimum wage of $12.48/hr, a worker would need to work 64 hours/week to afford that rent.
Recent FMR Trend
| 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 |
FY2026 Income Limits
Area Median Income: $89,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $18,900 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $31,500 | $36,000 | $40,500 | $44,950 | $48,550 | $52,150 |
| 80% AMI | $50,350 | $57,550 | $64,750 | $71,900 | $77,700 | $83,450 |