ZIP 48906 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 48906 in the Lansing-East Lansing, MI MSA FMR area.

$1,060Efficiency
$1,0801 bedroom
$1,3502 bedrooms
$1,7203 bedrooms
$1,7704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,060$954$1,166$1,036
1 bedroom$1,080$972$1,188$1,054
2 bedrooms$1,350$1,215$1,485$1,323
3 bedrooms$1,720$1,548$1,892$1,685
4 bedrooms$1,770$1,593$1,947$1,739

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

Income in ZIP 48906

$53,340average adjusted gross income per tax return (2022)
$38,054average salaries and wages per return
12,090tax returns filed
30%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00035.5%
$25,000 to $50,00027.3%
$50,000 to $75,00015.1%
$75,000 to $100,0008.6%
$100,000 to $200,00011.3%
$200,000 or more2.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 20.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 48906?

HUD's FY2027 Small Area FMRs for ZIP 48906 (Lansing-East Lansing, MI MSA) are $1,060 efficiency, $1,080 one bedroom, $1,350 two bedrooms, $1,720 three and $1,770 four bedrooms.

What payment standard can a housing authority set in ZIP 48906?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,215 to $1,485.

How affordable is rent in ZIP 48906?

Tax returns filed from ZIP 48906 reported an average adjusted gross income of $53,340 (2022). A two-bedroom unit at the Small Area FMR costs $16,200 a year, or 30% of that income.