FY2027 Small Area FMR · Saginaw, MI

ZIP 48609 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 48609 (Saginaw, MI) is $1,100 a month, up 1.9% from FY2026. That is 4% below the Saginaw, MI area-wide FMR of $1,141.

2-bedroom SAFMR$1,100per month ▲ 1.9%

Area-wide 2 BR FMR$1,141Saginaw, MI

Rank in the area21stof 33 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$990

2 BR Small Area FMR$1,100

110% of SAFMR$1,210

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

Studio$770▲ 4.1%

1 BR$860▲ 4.9%

2 BR$1,100▲ 1.9%

3 BR$1,410▲ 1.4%

4 BR$1,450▲ 1.4%

FY2027 FY2026

Where 48609 sits in the Saginaw, MI area

Of the 33 ZIP codes HUD lists for the area, 48609 has the 21st highest two-bedroom Small Area FMR. Saginaw, 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 $1,141 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,100 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	$770	$693 – $847	$795	$740
1 bedroom	$860	$774 – $946	$893	$820
2 bedrooms	$1,100	$990 – $1,210	$1,141	$1,080
3 bedrooms	$1,410	$1,269 – $1,551	$1,466	$1,390
4 bedrooms	$1,450	$1,305 – $1,595	$1,500	$1,430

A household renting a two-bedroom home at the Small Area FMR of $1,100 needs about $44,000 a year to keep housing costs at 30% of income. The area median family income is $83,200 and the 80% low-income limit for four people is $66,900. ZIP code 48609 lies mainly in Saginaw County. See the Saginaw, MI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
48638	Saginaw	3.8 mi	$1,140
48603	Saginaw	5.5 mi	$1,250
48602	Saginaw	5.8 mi	$1,120
48626	Hemlock	7.3 mi	$1,180
48655	Saint Charles	7.6 mi	$1,010
48607	Saginaw	8.1 mi	$1,220

Questions

What is the Fair Market Rent for ZIP code 48609?

HUD's FY2027 Small Area Fair Market Rents for 48609 are $770 (studio), $860 (1 BR), $1,100 (2 BR), $1,410 (3 BR) and $1,450 (4 BR) a month.

What is the Section 8 payment standard in 48609?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 48609 that range is $990 to $1,210 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 48609?

The FY2026 income limits of the Saginaw, MI area apply: median family income $83,200, low-income (80%) limit $66,900 for a family of four.