ZIP 49264 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 49264 in the Jackson, MI MSA FMR area.

Jackson, MI MSA

$880Efficiency
$9201 bedroom
$1,1502 bedrooms
$1,4703 bedrooms
$1,5204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$880$792$968$896
1 bedroom$920$828$1,012$984
2 bedrooms$1,150$1,035$1,265$1,201
3 bedrooms$1,470$1,323$1,617$1,576
4 bedrooms$1,520$1,368$1,672$1,578

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

Lansing-East Lansing, MI MSA

$880Efficiency
$9201 bedroom
$1,1502 bedrooms
$1,4703 bedrooms
$1,5204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$880$792$968$1,036
1 bedroom$920$828$1,012$1,054
2 bedrooms$1,150$1,035$1,265$1,323
3 bedrooms$1,470$1,323$1,617$1,685
4 bedrooms$1,520$1,368$1,672$1,739

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

Income in ZIP 49264

$64,028average adjusted gross income per tax return (2022)
$47,200average salaries and wages per return
870tax returns filed
22%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00027.6%
$25,000 to $50,00023.0%
$50,000 to $75,00017.2%
$75,000 to $100,00012.6%
$100,000 to $200,00017.2%
$200,000 or more2.3%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 13.8% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 49264?

HUD's FY2027 Small Area FMRs for ZIP 49264 (Jackson, MI MSA) are $880 efficiency, $920 one bedroom, $1,150 two bedrooms, $1,470 three and $1,520 four bedrooms.

What payment standard can a housing authority set in ZIP 49264?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,035 to $1,265.

How affordable is rent in ZIP 49264?

Tax returns filed from ZIP 49264 reported an average adjusted gross income of $64,028 (2022). A two-bedroom unit at the Small Area FMR costs $13,800 a year, or 22% of that income.