ZIP 49043 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 49043 in the Niles, MI MSA FMR area.

Niles, MI MSA

$800Efficiency

$8701 bedroom

$1,1402 bedrooms

$1,4903 bedrooms

$1,5304 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$802
1 bedroom	$870	$783	$957	$887
2 bedrooms	$1,140	$1,026	$1,254	$1,152
3 bedrooms	$1,490	$1,341	$1,639	$1,512
4 bedrooms	$1,530	$1,377	$1,683	$1,514

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

Van Buren County, MI

$800Efficiency

$8701 bedroom

$1,1402 bedrooms

$1,4903 bedrooms

$1,5304 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$724
1 bedroom	$870	$783	$957	$795
2 bedrooms	$1,140	$1,026	$1,254	$1,040
3 bedrooms	$1,490	$1,341	$1,639	$1,370
4 bedrooms	$1,530	$1,377	$1,683	$1,425

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

Income in ZIP 49043

$48,036average adjusted gross income per tax return (2022)

$35,420average salaries and wages per return

910tax returns filed

28%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	41.8%
$25,000 to $50,000	29.7%
$50,000 to $75,000	15.4%
$75,000 to $100,000	4.4%
$100,000 to $200,000	8.8%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 26.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 49043?

HUD's FY2027 Small Area FMRs for ZIP 49043 (Niles, MI MSA) are $800 efficiency, $870 one bedroom, $1,140 two bedrooms, $1,490 three and $1,530 four bedrooms.

What payment standard can a housing authority set in ZIP 49043?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,026 to $1,254.

How affordable is rent in ZIP 49043?

Tax returns filed from ZIP 49043 reported an average adjusted gross income of $48,036 (2022). A two-bedroom unit at the Small Area FMR costs $13,680 a year, or 28% of that income.