FMR is below market; voucher rent may lag private rents.
0.81
1 BR
1 BR
0.84ratio
FMR$1,370
Market$1,640
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.84
2 BR
2 BR
0.80ratio
FMR$1,570
Market$1,960
vs market-$390
FMR is below market; voucher rent may lag private rents.
0.80
3 BR
3 BR
0.90ratio
FMR$2,150
Market$2,400
vs market-$250
FMR is below market; voucher rent may lag private rents.
0.90
4 BR
4 BR
0.95ratio
FMR$2,480
Market$2,600
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.95
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 48143 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48143 (Lakeland, MI) is $1,570 a month. That is down 1.9% from $1,600 in FY 2026. Lakeland is in the Livingston County, MI HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,477. Among 22 ZIP codes in Livingston County, 48143 is tied for the 8th-highest two-bedroom rent (county range $1,320–$1,720). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48143 is 45% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 48143
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,120
$1,240
+10.7%
$1,116–$1,364
1BR
$1,390
$1,370
−1.4%
$1,233–$1,507
2BR
$1,600
$1,570
−1.9%
$1,413–$1,727
3BR
$2,210
$2,150
−2.7%
$1,935–$2,365
4BR
$2,490
$2,480
−0.4%
$2,232–$2,728
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 48143
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,240
$1,370
$1,570
$2,150
$2,480
FY 2026
$1,120
$1,390
$1,600
$2,210
$2,490
FY 2025
$1,040
$1,290
$1,500
$2,090
$2,340
FY 2024
$970
$1,200
$1,410
$1,920
$2,140
FY 2023
$860
$1,080
$1,270
$1,710
$1,900
Two-bedroom rent in nearby Livingston County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 48143?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,477, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,329 to $1,625 a month; under the ZIP-level Small Area FMR of $1,570 it would be $1,413 to $1,727. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is ZIP 48143 in?
ZIP 48143 is in the Livingston County, MI HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,477.
How much did fair market rent change in ZIP 48143 for FY 2027?
The two-bedroom FMR fell 1.9%, from $1,600 in FY 2026 to $1,570 in FY 2027. Since FY 2023 it has risen 23.6%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set