ZIP 48866 Fair Market Rent FY2027
Small Area Fair Market Rents for ZIP code 48866 in the Lansing-East Lansing, MI MSA FMR area.
Lansing-East Lansing, MI MSA
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.
Shiawassee County, MI
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 48866
| Adjusted gross income | Share of returns |
|---|---|
| $1 to $25,000 | 31.4% |
| $25,000 to $50,000 | 25.0% |
| $50,000 to $75,000 | 17.7% |
| $75,000 to $100,000 | 10.9% |
| $100,000 to $200,000 | 13.2% |
| $200,000 or more | 1.8% |
IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 13.2% of returns claimed the Earned Income Tax Credit.
Questions and answers
What is the Small Area Fair Market Rent for ZIP code 48866?
HUD's FY2027 Small Area FMRs for ZIP 48866 (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 48866?
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 48866?
Tax returns filed from ZIP 48866 reported an average adjusted gross income of $57,980 (2022). A two-bedroom unit at the Small Area FMR costs $13,800 a year, or 24% of that income.