FY2027 Small Area FMR · Palmyra, MI

ZIP 49268 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 49268 (Palmyra, MI) is $1,230 a month, up 3.4% from FY2026. That is 3% above the Lenawee County, MI area-wide FMR of $1,195.

2-bedroom SAFMR$1,230per month ▲ 3.4%

Area-wide 2 BR FMR$1,195Lenawee County, MI

Rank in the area11thof 24 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,107

2 BR Small Area FMR$1,230

110% of SAFMR$1,353

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

Studio$860▲ 4.9%

1 BR$940▲ 3.3%

2 BR$1,230▲ 3.4%

3 BR$1,550▲ 1.3%

4 BR$1,620▼ 3.0%

FY2027 FY2026

Where 49268 sits in the Lenawee County, MI area

Of the 24 ZIP codes HUD lists for the area, 49268 has the 11th highest two-bedroom Small Area FMR. Lenawee 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 $1,195 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,230 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	$860	$774 – $946	$832	$820
1 bedroom	$940	$846 – $1,034	$913	$910
2 bedrooms	$1,230	$1,107 – $1,353	$1,195	$1,190
3 bedrooms	$1,550	$1,395 – $1,705	$1,504	$1,530
4 bedrooms	$1,620	$1,458 – $1,782	$1,571	$1,670

A household renting a two-bedroom home at the Small Area FMR of $1,230 needs about $49,200 a year to keep housing costs at 30% of income. The area median family income is $87,000 and the 80% low-income limit for four people is $69,600. ZIP code 49268 lies mainly in Lenawee County. See the Lenawee County, MI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
49228	Blissfield	5.0 mi	$1,230
49221	Adrian	7.4 mi	$1,210
49238	Deerfield	7.7 mi	$1,200
49248	Jasper	8.8 mi	$1,540
49276	Riga	9.4 mi	$1,420
49229	Britton	9.7 mi	$1,500

Questions

What is the Fair Market Rent for ZIP code 49268?

HUD's FY2027 Small Area Fair Market Rents for 49268 are $860 (studio), $940 (1 BR), $1,230 (2 BR), $1,550 (3 BR) and $1,620 (4 BR) a month.

What is the Section 8 payment standard in 49268?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 49268 that range is $1,107 to $1,353 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 49268?

The FY2026 income limits of the Lenawee County, MI area apply: median family income $87,000, low-income (80%) limit $69,600 for a family of four.