48864
ZIPSAFMR
Ingham County, MI
BRFMR
Eff. Rent
0 BR$1,160$1,160
1 BR$1,210$1,210
2 BR$1,510$1,460
3 BR$1,940$1,940
4 BR$2,000$2,000
5 BR$2,300
6 BR$2,645
7 BR$3,042
8 BR$3,498

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio
0.89ratio
FMR$1,160
Market$1,310
vs market-$150

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.89
1 BR
1 BR
0.98ratio
FMR$1,210
Market$1,240
vs market-$30

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.98
2 BR
2 BR
1.03ratio
FMR$1,510
Market$1,460
vs market+$50

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1.03
3 BR
3 BR
0.89ratio
FMR$1,940
Market$2,190
vs market-$250

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.89
4 BR
4 BR
0.64ratio
FMR$2,000
Market$3,110
vs market-$1,110

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.64
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$162,469
Rent
$1,510
Down payment
$32,494
Loan
$129,975
Mortgage
$822
Expenses
$488
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 48864 (MI) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.