48915
ZIPSAFMR
Ingham County, MI
BRFMR
Eff. Rent
0 BR$1,000$880
1 BR$1,040$1,000
2 BR$1,300$1,270
3 BR$1,670$1,480
4 BR$1,720$1,550
5 BR$1,978
6 BR$2,275
7 BR$2,616
8 BR$3,008

Market Alignment

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

Studio
Studio
1.14ratio
FMR$1,000
Market$880
vs market+$120

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.14
1 BR
1 BR
1.04ratio
FMR$1,040
Market$1,000
vs market+$40

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

1.04
2 BR
2 BR
1.02ratio
FMR$1,300
Market$1,270
vs market+$30

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

1.02
3 BR
3 BR
1.13ratio
FMR$1,670
Market$1,480
vs market+$190

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.13
4 BR
4 BR
1.11ratio
FMR$1,720
Market$1,550
vs market+$170

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.11
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger 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
$131,263
Rent
$1,300
Down payment
$26,253
Loan
$105,010
Mortgage
$664
Expenses
$436
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 48915 (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.