ZIP 48892 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 48892 in the Livingston County, MI FMR area.

Livingston County, MI

$910Efficiency

$1,1401 bedroom

$1,3202 bedrooms

$1,8303 bedrooms

$2,0604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$910	$819	$1,001	$1,168
1 bedroom	$1,140	$1,026	$1,254	$1,291
2 bedrooms	$1,320	$1,188	$1,452	$1,477
3 bedrooms	$1,830	$1,647	$2,013	$2,045
4 bedrooms	$2,060	$1,854	$2,266	$2,366

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

Lansing-East Lansing, MI MSA

$910Efficiency

$1,1401 bedroom

$1,3202 bedrooms

$1,8303 bedrooms

$2,0604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$910	$819	$1,001	$1,036
1 bedroom	$1,140	$1,026	$1,254	$1,054
2 bedrooms	$1,320	$1,188	$1,452	$1,323
3 bedrooms	$1,830	$1,647	$2,013	$1,685
4 bedrooms	$2,060	$1,854	$2,266	$1,739

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

Income in ZIP 48892

$67,938average adjusted gross income per tax return (2022)

$50,890average salaries and wages per return

2,260tax returns filed

23%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	27.4%
$25,000 to $50,000	23.5%
$50,000 to $75,000	15.5%
$75,000 to $100,000	11.9%
$100,000 to $200,000	18.6%
$200,000 or more	3.1%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 12.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 48892?

HUD's FY2027 Small Area FMRs for ZIP 48892 (Livingston County, MI) are $910 efficiency, $1,140 one bedroom, $1,320 two bedrooms, $1,830 three and $2,060 four bedrooms.

What payment standard can a housing authority set in ZIP 48892?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,188 to $1,452.

How affordable is rent in ZIP 48892?

Tax returns filed from ZIP 48892 reported an average adjusted gross income of $67,938 (2022). A two-bedroom unit at the Small Area FMR costs $15,840 a year, or 23% of that income.