FY2027 Small Area FMR · Elwell, MI

ZIP 48832 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 48832 (Elwell, MI) is $1,020 a month, up 4.1% from FY2026. That is 0% equal to the Gratiot County, MI area-wide FMR of $1,018.

2-bedroom SAFMR$1,020per month ▲ 4.1%

Area-wide 2 BR FMR$1,018Gratiot County, MI

Rank in the area19thof 24 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$918

2 BR Small Area FMR$1,020

110% of SAFMR$1,122

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

Studio$750▲ 5.6%

1 BR$800▲ 3.9%

2 BR$1,020▲ 4.1%

3 BR$1,340▲ 3.9%

4 BR$1,440▼ 5.3%

FY2027 FY2026

Where 48832 sits in the Gratiot County, MI area

Of the 24 ZIP codes HUD lists for the area, 48832 has the 19th highest two-bedroom Small Area FMR. Gratiot 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 $1,018 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,020 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	$750	$675 – $825	$726	$710
1 bedroom	$800	$720 – $880	$778	$770
2 bedrooms	$1,020	$918 – $1,122	$1,018	$980
3 bedrooms	$1,340	$1,206 – $1,474	$1,344	$1,290
4 bedrooms	$1,440	$1,296 – $1,584	$1,454	$1,520

A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 a year to keep housing costs at 30% of income. The area median family income is $80,100 and the 80% low-income limit for four people is $66,900. ZIP code 48832 lies mainly in Gratiot County. See the Gratiot County, MI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
48877	Riverdale	3.3 mi	$1,090
48801	Alma	5.6 mi	$1,020
48891	Vestaburg	6.9 mi	$1,190
48889	Sumner	8.9 mi	$1,190
48896	Winn	9.8 mi	$1,070
48880	Saint Louis	10.5 mi	$1,080

Questions

What is the Fair Market Rent for ZIP code 48832?

HUD's FY2027 Small Area Fair Market Rents for 48832 are $750 (studio), $800 (1 BR), $1,020 (2 BR), $1,340 (3 BR) and $1,440 (4 BR) a month.

What is the Section 8 payment standard in 48832?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 48832 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 48832?

The FY2026 income limits of the Gratiot County, MI area apply: median family income $80,100, low-income (80%) limit $66,900 for a family of four.