FY2027 Small Area FMR · Lansing, MI

ZIP 48906 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 48906 (Lansing, MI) is $1,350 a month, up 6.3% from FY2026. That is 2% above the Lansing-East Lansing, MI area-wide FMR of $1,323.

2-bedroom SAFMR$1,350per month ▲ 6.3%

Area-wide 2 BR FMR$1,323Lansing-East Lansing, MI

Rank in the area15thof 58 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,215

2 BR Small Area FMR$1,350

110% of SAFMR$1,485

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

Studio$1,060▲ 9.3%

1 BR$1,080▲ 6.9%

2 BR$1,350▲ 6.3%

3 BR$1,720▲ 5.5%

4 BR$1,770▲ 5.4%

FY2027 FY2026

Where 48906 sits in the Lansing-East Lansing, MI area

Of the 58 ZIP codes HUD lists for the area, 48906 has the 15th highest two-bedroom Small Area FMR. Lansing-East Lansing, 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 $1,323 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,350 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	$1,060	$954 – $1,166	$1,036	$970
1 bedroom	$1,080	$972 – $1,188	$1,054	$1,010
2 bedrooms	$1,350	$1,215 – $1,485	$1,323	$1,270
3 bedrooms	$1,720	$1,548 – $1,892	$1,685	$1,630
4 bedrooms	$1,770	$1,593 – $1,947	$1,739	$1,680

A household renting a two-bedroom home at the Small Area FMR of $1,350 needs about $54,000 a year to keep housing costs at 30% of income. The area median family income is $102,600 and the 80% low-income limit for four people is $82,100. ZIP code 48906 lies mainly in Clinton County, Ingham County and Eaton County. See the Lansing-East Lansing, MI metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
48915	Lansing	3.6 mi	$1,330
48933	Lansing	4.3 mi	$1,170
48912	Lansing	4.8 mi	$1,380
48917	Lansing	5.0 mi	$1,380
48820	Dewitt	5.2 mi	$1,380
48824	East Lansing	6.6 mi	$1,520

Questions

What is the Fair Market Rent for ZIP code 48906?

HUD's FY2027 Small Area Fair Market Rents for 48906 are $1,060 (studio), $1,080 (1 BR), $1,350 (2 BR), $1,720 (3 BR) and $1,770 (4 BR) a month.

What is the Section 8 payment standard in 48906?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 48906 that range is $1,215 to $1,485 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 48906?

The FY2026 income limits of the Lansing-East Lansing, MI area apply: median family income $102,600, low-income (80%) limit $82,100 for a family of four.