FY2027 Small Area FMR · Caro, MI

ZIP 48723 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 48723 (Caro, MI) is $1,010 a month, up 4.1% from FY2026. That is 0% equal to the Tuscola County, MI area-wide FMR of $1,014.

2-bedroom SAFMR$1,010per month ▲ 4.1%

Area-wide 2 BR FMR$1,014Tuscola County, MI

Rank in the area16thof 22 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$909

2 BR Small Area FMR$1,010

110% of SAFMR$1,111

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

Studio$710▲ 6.0%

1 BR$840▲ 6.3%

2 BR$1,010▲ 4.1%

3 BR$1,350▲ 4.7%

4 BR$1,540▲ 8.5%

FY2027 FY2026

Where 48723 sits in the Tuscola County, MI area

Of the 22 ZIP codes HUD lists for the area, 48723 has the 16th highest two-bedroom Small Area FMR. Tuscola County, 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 $1,014 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,010 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	$710	$639 – $781	$706	$670
1 bedroom	$840	$756 – $924	$839	$790
2 bedrooms	$1,010	$909 – $1,111	$1,014	$970
3 bedrooms	$1,350	$1,215 – $1,485	$1,340	$1,290
4 bedrooms	$1,540	$1,386 – $1,694	$1,535	$1,420

A household renting a two-bedroom home at the Small Area FMR of $1,010 needs about $40,400 a year to keep housing costs at 30% of income. The area median family income is $83,000 and the 80% low-income limit for four people is $66,900. ZIP code 48723 lies mainly in Tuscola County. See the Tuscola County, MI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
48744	Mayville	9.6 mi	$1,080
48733	Fairgrove	10.7 mi	$1,120
48729	Deford	10.8 mi	$1,040
48701	Akron	11.0 mi	$1,050
48741	Kingston	12.0 mi	$1,090
48767	Unionville	12.0 mi	$1,180

Questions

What is the Fair Market Rent for ZIP code 48723?

HUD's FY2027 Small Area Fair Market Rents for 48723 are $710 (studio), $840 (1 BR), $1,010 (2 BR), $1,350 (3 BR) and $1,540 (4 BR) a month.

What is the Section 8 payment standard in 48723?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 48723 that range is $909 to $1,111 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 48723?

The FY2026 income limits of the Tuscola County, MI area apply: median family income $83,000, low-income (80%) limit $66,900 for a family of four.