FY2027 Small Area FMR · Lansing, MI

ZIP 48933 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 48933 (Lansing, MI) is $1,170 a month, up 5.4% from FY2026. That is 12% below the Lansing-East Lansing, MI area-wide FMR of $1,323.

2-bedroom SAFMR$1,170per month ▲ 5.4%

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

Rank in the area42ndof 58 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,053

2 BR Small Area FMR$1,170

110% of SAFMR$1,287

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

Studio$920▲ 8.2%

1 BR$930▲ 4.5%

2 BR$1,170▲ 5.4%

3 BR$1,490▲ 4.9%

4 BR$1,540▲ 4.8%

FY2027 FY2026

Where 48933 sits in the Lansing-East Lansing, MI area

Of the 58 ZIP codes HUD lists for the area, 48933 has the 42nd 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 $1,170 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	$920	$828 – $1,012	$1,036	$850
1 bedroom	$930	$837 – $1,023	$1,054	$890
2 bedrooms	$1,170	$1,053 – $1,287	$1,323	$1,110
3 bedrooms	$1,490	$1,341 – $1,639	$1,685	$1,420
4 bedrooms	$1,540	$1,386 – $1,694	$1,739	$1,470

A household renting a two-bedroom home at the Small Area FMR of $1,170 needs about $46,800 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 48933 lies mainly in Ingham 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	0.9 mi	$1,330
48912	Lansing	1.6 mi	$1,380
48910	Lansing	2.9 mi	$1,310
48824	East Lansing	3.4 mi	$1,520
48825	East Lansing	3.7 mi	$1,540
48911	Lansing	4.2 mi	$1,210

Questions

What is the Fair Market Rent for ZIP code 48933?

HUD's FY2027 Small Area Fair Market Rents for 48933 are $920 (studio), $930 (1 BR), $1,170 (2 BR), $1,490 (3 BR) and $1,540 (4 BR) a month.

What is the Section 8 payment standard in 48933?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 48933 that range is $1,053 to $1,287 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 48933?

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.