FY2027 Small Area FMR · Monroe, MI

ZIP 48162 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 48162 (Monroe, MI) is $1,200 a month, down 0.8% from FY2026. That is 8% below the Monroe, MI area-wide FMR of $1,304.

2-bedroom SAFMR$1,200per month ▼ 0.8%

Area-wide 2 BR FMR$1,304Monroe, MI

Rank in the area22ndof 25 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,080

2 BR Small Area FMR$1,200

110% of SAFMR$1,320

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$830■ 0.0%

1 BR$910▼ 1.1%

2 BR$1,200▼ 0.8%

3 BR$1,450▼ 0.7%

4 BR$1,940▼ 1.0%

FY2027 FY2026

Where 48162 sits in the Monroe, MI area

Of the 25 ZIP codes HUD lists for the area, 48162 has the 22nd highest two-bedroom Small Area FMR. Monroe, MI is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,304 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,200 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$830	$747 – $913	$908	$830
1 bedroom	$910	$819 – $1,001	$997	$920
2 bedrooms	$1,200	$1,080 – $1,320	$1,304	$1,210
3 bedrooms	$1,450	$1,305 – $1,595	$1,595	$1,460
4 bedrooms	$1,940	$1,746 – $2,134	$2,153	$1,960

A household renting a two-bedroom home at the Small Area FMR of $1,200 needs about $48,000 a year to keep housing costs at 30% of income. The area median family income is $95,200 and the 80% low-income limit for four people is $76,150. ZIP code 48162 lies mainly in Monroe County. See the Monroe, MI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
48161	Monroe	4.3 mi	$1,220
48117	Carleton	6.3 mi	$1,330
48166	Newport	7.1 mi	$1,440
48159	Maybee	7.3 mi	$1,240
48145	La Salle	8.2 mi	$1,310
48140	Ida	9.5 mi	$1,330

Questions

What is the Fair Market Rent for ZIP code 48162?

HUD's FY2027 Small Area Fair Market Rents for 48162 are $830 (studio), $910 (1 BR), $1,200 (2 BR), $1,450 (3 BR) and $1,940 (4 BR) a month.

What is the Section 8 payment standard in 48162?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 48162 that range is $1,080 to $1,320 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 48162?

The FY2026 income limits of the Monroe, MI area apply: median family income $95,200, low-income (80%) limit $76,150 for a family of four.