FY2027 Small Area FMR · Ithaca, MI

ZIP 48847 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 48847 (Ithaca, MI) is $1,010 a month, up 4.1% from FY2026. That is 1% below the Gratiot County, MI area-wide FMR of $1,018.

2-bedroom SAFMR$1,010per month ▲ 4.1%

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

Rank in the area22ndof 24 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$720▲ 4.3%

1 BR$780▲ 5.4%

2 BR$1,010▲ 4.1%

3 BR$1,350▲ 3.8%

4 BR$1,460■ 0.0%

FY2027 FY2026

Where 48847 sits in the Gratiot County, MI area

Of the 24 ZIP codes HUD lists for the area, 48847 has the 22nd 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 $1,010 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	$720	$648 – $792	$726	$690
1 bedroom	$780	$702 – $858	$778	$740
2 bedrooms	$1,010	$909 – $1,111	$1,018	$970
3 bedrooms	$1,350	$1,215 – $1,485	$1,344	$1,300
4 bedrooms	$1,460	$1,314 – $1,606	$1,454	$1,460

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 $80,100 and the 80% low-income limit for four people is $66,900. ZIP code 48847 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
48862	North Star	2.4 mi	$1,010
48874	Pompeii	6.1 mi	$1,120
48806	Ashley	7.1 mi	$1,120
48801	Alma	8.6 mi	$1,020
48871	Perrinton	9.4 mi	$1,200
48856	Middleton	9.5 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 48847?

HUD's FY2027 Small Area Fair Market Rents for 48847 are $720 (studio), $780 (1 BR), $1,010 (2 BR), $1,350 (3 BR) and $1,460 (4 BR) a month.

What is the Section 8 payment standard in 48847?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 48847 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 48847?

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.