ZIP 49038 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 49038 in the Niles, MI MSA FMR area.

Niles, MI MSA

$780Efficiency
$8601 bedroom
$1,1202 bedrooms
$1,4703 bedrooms
$1,4704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$780$702$858$802
1 bedroom$860$774$946$887
2 bedrooms$1,120$1,008$1,232$1,152
3 bedrooms$1,470$1,323$1,617$1,512
4 bedrooms$1,470$1,323$1,617$1,514

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

Van Buren County, MI

$780Efficiency
$8601 bedroom
$1,1202 bedrooms
$1,4703 bedrooms
$1,4704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$780$702$858$724
1 bedroom$860$774$946$795
2 bedrooms$1,120$1,008$1,232$1,040
3 bedrooms$1,470$1,323$1,617$1,370
4 bedrooms$1,470$1,323$1,617$1,425

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

Income in ZIP 49038

$67,267average adjusted gross income per tax return (2022)
$44,261average salaries and wages per return
4,290tax returns filed
20%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00031.0%
$25,000 to $50,00025.2%
$50,000 to $75,00015.4%
$75,000 to $100,00010.7%
$100,000 to $200,00014.0%
$200,000 or more3.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 14.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 49038?

HUD's FY2027 Small Area FMRs for ZIP 49038 (Niles, MI MSA) are $780 efficiency, $860 one bedroom, $1,120 two bedrooms, $1,470 three and $1,470 four bedrooms.

What payment standard can a housing authority set in ZIP 49038?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,008 to $1,232.

How affordable is rent in ZIP 49038?

Tax returns filed from ZIP 49038 reported an average adjusted gross income of $67,267 (2022). A two-bedroom unit at the Small Area FMR costs $13,440 a year, or 20% of that income.