ZIP 48837 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 48837 in the Ionia County, MI FMR area.

Ionia County, MI

$990Efficiency
$1,0101 bedroom
$1,2702 bedrooms
$1,6203 bedrooms
$1,7404 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$990$891$1,089$862
1 bedroom$1,010$909$1,111$946
2 bedrooms$1,270$1,143$1,397$1,238
3 bedrooms$1,620$1,458$1,782$1,579
4 bedrooms$1,740$1,566$1,914$1,930

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

Lansing-East Lansing, MI MSA

$990Efficiency
$1,0101 bedroom
$1,2702 bedrooms
$1,6203 bedrooms
$1,7404 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$990$891$1,089$1,036
1 bedroom$1,010$909$1,111$1,054
2 bedrooms$1,270$1,143$1,397$1,323
3 bedrooms$1,620$1,458$1,782$1,685
4 bedrooms$1,740$1,566$1,914$1,739

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

Income in ZIP 48837

$86,400average adjusted gross income per tax return (2022)
$57,172average salaries and wages per return
9,910tax returns filed
18%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00023.4%
$25,000 to $50,00020.6%
$50,000 to $75,00015.2%
$75,000 to $100,00012.2%
$100,000 to $200,00022.5%
$200,000 or more6.1%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 7.8% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 48837?

HUD's FY2027 Small Area FMRs for ZIP 48837 (Ionia County, MI) are $990 efficiency, $1,010 one bedroom, $1,270 two bedrooms, $1,620 three and $1,740 four bedrooms.

What payment standard can a housing authority set in ZIP 48837?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,143 to $1,397.

How affordable is rent in ZIP 48837?

Tax returns filed from ZIP 48837 reported an average adjusted gross income of $86,400 (2022). A two-bedroom unit at the Small Area FMR costs $15,240 a year, or 18% of that income.