ZIP 49047 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 49047 in the Niles, MI MSA FMR area.

Niles, MI MSA

$810Efficiency

$9001 bedroom

$1,0702 bedrooms

$1,4103 bedrooms

$1,7004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$802
1 bedroom	$900	$810	$990	$887
2 bedrooms	$1,070	$963	$1,177	$1,152
3 bedrooms	$1,410	$1,269	$1,551	$1,512
4 bedrooms	$1,700	$1,530	$1,870	$1,514

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

Cass County, MI

$810Efficiency

$9001 bedroom

$1,0702 bedrooms

$1,4103 bedrooms

$1,7004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$869
1 bedroom	$900	$810	$990	$974
2 bedrooms	$1,070	$963	$1,177	$1,095
3 bedrooms	$1,410	$1,269	$1,551	$1,393
4 bedrooms	$1,700	$1,530	$1,870	$1,830

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

Van Buren County, MI

$810Efficiency

$9001 bedroom

$1,0702 bedrooms

$1,4103 bedrooms

$1,7004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$724
1 bedroom	$900	$810	$990	$795
2 bedrooms	$1,070	$963	$1,177	$1,040
3 bedrooms	$1,410	$1,269	$1,551	$1,370
4 bedrooms	$1,700	$1,530	$1,870	$1,425

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

Income in ZIP 49047

$59,678average adjusted gross income per tax return (2022)

$39,716average salaries and wages per return

6,400tax returns filed

22%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	33.3%
$25,000 to $50,000	28.3%
$50,000 to $75,000	15.0%
$75,000 to $100,000	8.8%
$100,000 to $200,000	11.9%
$200,000 or more	2.8%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 18.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 49047?

HUD's FY2027 Small Area FMRs for ZIP 49047 (Niles, MI MSA) are $810 efficiency, $900 one bedroom, $1,070 two bedrooms, $1,410 three and $1,700 four bedrooms.

What payment standard can a housing authority set in ZIP 49047?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $963 to $1,177.

How affordable is rent in ZIP 49047?

Tax returns filed from ZIP 49047 reported an average adjusted gross income of $59,678 (2022). A two-bedroom unit at the Small Area FMR costs $12,840 a year, or 22% of that income.