FY2027 Small Area FMR · Grass Lake, MI
ZIP 49240 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 49240 (Grass Lake, MI) is $1,500 a month, up 2.7% from FY2026. That is 17% below the Ann Arbor, MI area-wide FMR of $1,804.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 49240 sits in the Ann Arbor, MI area
Of the 33 ZIP codes HUD lists for the area, 49240 has the 24th highest two-bedroom Small Area FMR. Ann Arbor, 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 $1,804 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,500 for this ZIP code instead.
ZIP code 49240 crosses more than one HUD area. HUD also lists it under Jackson, MI (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,230 | $1,107 – $1,353 | $1,458 | $1,200 |
| 1 bedroom | $1,250 | $1,125 – $1,375 | $1,503 | $1,220 |
| 2 bedrooms | $1,500 | $1,350 – $1,650 | $1,804 | $1,460 |
| 3 bedrooms | $1,820 | $1,638 – $2,002 | $2,164 | $1,910 |
| 4 bedrooms | $1,980 | $1,782 – $2,178 | $2,371 | $2,030 |
A household renting a two-bedroom home at the Small Area FMR of $1,500 needs about $60,000 a year to keep housing costs at 30% of income. The area median family income is $142,300 and the 80% low-income limit for four people is $106,800. ZIP code 49240 lies mainly in Jackson County and Washtenaw County. See the Ann Arbor, MI county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 49240?
HUD's FY2027 Small Area Fair Market Rents for 49240 are $1,230 (studio), $1,250 (1 BR), $1,500 (2 BR), $1,820 (3 BR) and $1,980 (4 BR) a month.
What is the Section 8 payment standard in 49240?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 49240 that range is $1,350 to $1,650 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 49240?
The FY2026 income limits of the Ann Arbor, MI area apply: median family income $142,300, low-income (80%) limit $106,800 for a family of four.