ZIP 48912 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 48912 in the Lansing-East Lansing, MI MSA FMR area.

$1,080Efficiency
$1,1001 bedroom
$1,3802 bedrooms
$1,7603 bedrooms
$1,8104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,080$972$1,188$1,036
1 bedroom$1,100$990$1,210$1,054
2 bedrooms$1,380$1,242$1,518$1,323
3 bedrooms$1,760$1,584$1,936$1,685
4 bedrooms$1,810$1,629$1,991$1,739

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

Income in ZIP 48912

$48,965average adjusted gross income per tax return (2022)
$36,747average salaries and wages per return
8,260tax returns filed
34%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00035.4%
$25,000 to $50,00028.8%
$50,000 to $75,00016.8%
$75,000 to $100,0008.5%
$100,000 to $200,0009.3%
$200,000 or more1.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 19.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 48912?

HUD's FY2027 Small Area FMRs for ZIP 48912 (Lansing-East Lansing, MI MSA) are $1,080 efficiency, $1,100 one bedroom, $1,380 two bedrooms, $1,760 three and $1,810 four bedrooms.

What payment standard can a housing authority set in ZIP 48912?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,242 to $1,518.

How affordable is rent in ZIP 48912?

Tax returns filed from ZIP 48912 reported an average adjusted gross income of $48,965 (2022). A two-bedroom unit at the Small Area FMR costs $16,560 a year, or 34% of that income.