ZIP 49101 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 49101 in the Niles, MI MSA FMR area.

$840Efficiency
$9301 bedroom
$1,2102 bedrooms
$1,5903 bedrooms
$1,5904 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$840$756$924$802
1 bedroom$930$837$1,023$887
2 bedrooms$1,210$1,089$1,331$1,152
3 bedrooms$1,590$1,431$1,749$1,512
4 bedrooms$1,590$1,431$1,749$1,514

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

Income in ZIP 49101

$70,416average adjusted gross income per tax return (2022)
$49,754average salaries and wages per return
1,590tax returns filed
21%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00030.8%
$25,000 to $50,00023.3%
$50,000 to $75,00014.5%
$75,000 to $100,0008.8%
$100,000 to $200,00017.0%
$200,000 or more5.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 10.7% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 49101?

HUD's FY2027 Small Area FMRs for ZIP 49101 (Niles, MI MSA) are $840 efficiency, $930 one bedroom, $1,210 two bedrooms, $1,590 three and $1,590 four bedrooms.

What payment standard can a housing authority set in ZIP 49101?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,089 to $1,331.

How affordable is rent in ZIP 49101?

Tax returns filed from ZIP 49101 reported an average adjusted gross income of $70,416 (2022). A two-bedroom unit at the Small Area FMR costs $14,520 a year, or 21% of that income.