FY2027 Small Area FMR · Merrill, MI
ZIP 48637 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 48637 (Merrill, MI) is $1,080 a month, up 4.9% from FY2026. That is 10% below the Midland, MI area-wide FMR of $1,205.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 48637 sits in the Midland, MI area
Of the 18 ZIP codes HUD lists for the area, 48637 has the 11th highest two-bedroom Small Area FMR. Midland, 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 $1,205 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,080 for this ZIP code instead.
ZIP code 48637 crosses more than one HUD area. HUD also lists it under Saginaw, MI (same figures) and Gratiot County, MI (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $820 | $738 – $902 | $920 | $790 |
| 1 bedroom | $840 | $756 – $924 | $936 | $790 |
| 2 bedrooms | $1,080 | $972 – $1,188 | $1,205 | $1,030 |
| 3 bedrooms | $1,370 | $1,233 – $1,507 | $1,498 | $1,330 |
| 4 bedrooms | $1,520 | $1,368 – $1,672 | $1,790 | $1,380 |
A household renting a two-bedroom home at the Small Area FMR of $1,080 needs about $43,200 a year to keep housing costs at 30% of income. The area median family income is $107,200 and the 80% low-income limit for four people is $85,750. ZIP code 48637 lies mainly in Saginaw County, Midland County and Gratiot County. See the Midland, MI county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 48637?
HUD's FY2027 Small Area Fair Market Rents for 48637 are $820 (studio), $840 (1 BR), $1,080 (2 BR), $1,370 (3 BR) and $1,520 (4 BR) a month.
What is the Section 8 payment standard in 48637?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 48637 that range is $972 to $1,188 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 48637?
The FY2026 income limits of the Midland, MI area apply: median family income $107,200, low-income (80%) limit $85,750 for a family of four.