ZIP 48831 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 48831 in the Lansing-East Lansing, MI MSA FMR area.

Lansing-East Lansing, MI MSA

$880Efficiency

$9201 bedroom

$1,1502 bedrooms

$1,4703 bedrooms

$1,5204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$880	$792	$968	$1,036
1 bedroom	$920	$828	$1,012	$1,054
2 bedrooms	$1,150	$1,035	$1,265	$1,323
3 bedrooms	$1,470	$1,323	$1,617	$1,685
4 bedrooms	$1,520	$1,368	$1,672	$1,739

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Saginaw, MI MSA

$880Efficiency

$9201 bedroom

$1,1502 bedrooms

$1,4703 bedrooms

$1,5204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$880	$792	$968	$795
1 bedroom	$920	$828	$1,012	$893
2 bedrooms	$1,150	$1,035	$1,265	$1,141
3 bedrooms	$1,470	$1,323	$1,617	$1,466
4 bedrooms	$1,520	$1,368	$1,672	$1,500

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Gratiot County, MI

$880Efficiency

$9201 bedroom

$1,1502 bedrooms

$1,4703 bedrooms

$1,5204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$880	$792	$968	$726
1 bedroom	$920	$828	$1,012	$778
2 bedrooms	$1,150	$1,035	$1,265	$1,018
3 bedrooms	$1,470	$1,323	$1,617	$1,344
4 bedrooms	$1,520	$1,368	$1,672	$1,454

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Shiawassee County, MI

$880Efficiency

$9201 bedroom

$1,1502 bedrooms

$1,4703 bedrooms

$1,5204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$880	$792	$968	$798
1 bedroom	$920	$828	$1,012	$829
2 bedrooms	$1,150	$1,035	$1,265	$1,085
3 bedrooms	$1,470	$1,323	$1,617	$1,457
4 bedrooms	$1,520	$1,368	$1,672	$1,644

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 48831

$53,849average adjusted gross income per tax return (2022)

$39,946average salaries and wages per return

1,520tax returns filed

26%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	33.6%
$25,000 to $50,000	23.7%
$50,000 to $75,000	17.1%
$75,000 to $100,000	11.2%
$100,000 to $200,000	14.5%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 17.8% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 48831?

HUD's FY2027 Small Area FMRs for ZIP 48831 (Lansing-East Lansing, MI MSA) are $880 efficiency, $920 one bedroom, $1,150 two bedrooms, $1,470 three and $1,520 four bedrooms.

What payment standard can a housing authority set in ZIP 48831?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,035 to $1,265.

How affordable is rent in ZIP 48831?

Tax returns filed from ZIP 48831 reported an average adjusted gross income of $53,849 (2022). A two-bedroom unit at the Small Area FMR costs $13,800 a year, or 26% of that income.