Rent by ZIP · Oakland County
Rent in Waterford, MI 48327
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,310 (+4% vs FY2026). Renters in this ZIP code pay a median $1,113 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $940 | $900 | +4.4% | $846–1,034 | $1,114 ±$20 |
| 1 bedroom | $1,050 | $1,000 | +5% | $945–1,155 | $1,024 ±$71 |
| 2 bedrooms | $1,310 | $1,260 | +4% | $1,179–1,441 | $1,159 ±$53 |
| 3 bedrooms | $1,600 | $1,540 | +3.9% | $1,440–1,760 | $1,807 ±$205 |
| 4 bedrooms | $1,730 | $1,670 | +3.6% | $1,557–1,903 | $1,151 ±$153 |
Small Area FMRs for the Detroit-Warren-Livonia, MI HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Detroit-Warren-Livonia, MI HUD Metro FMR Area, 2 bedrooms: $1,459.
What renters pay in 48327
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 48326 | Auburn Hills | $1,730 | $1,473 |
| 48328 | Waterford | $1,300 | $1,174 |
| 48329 | Waterford | $1,650 | $1,543 |
| 48324 | West Bloomfield | $1,810 | $1,485 |
| 48323 | West Bloomfield | $2,040 | $1,151 |
| 48331 | Farmington | $2,180 | $1,876 |
Fair Market Rents across Oakland County, MI · All MI counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.