FY2027 Small Area FMR · Chippewa Lake, MI

ZIP 49320 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 49320 (Chippewa Lake, MI) is $1,010 a month, down 4.7% from FY2026. That is 5% below the Mecosta County, MI area-wide FMR of $1,063.

2-bedroom SAFMR$1,010per month ▼ 4.7%

Area-wide 2 BR FMR$1,063Mecosta County, MI

Rank in the area15thof 19 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▼ 4.0%

1 BR$820▼ 2.4%

2 BR$1,010▼ 4.7%

3 BR$1,260▼ 6.7%

4 BR$1,580▲ 5.3%

FY2027 FY2026

Where 49320 sits in the Mecosta County, MI area

Of the 19 ZIP codes HUD lists for the area, 49320 has the 15th highest two-bedroom Small Area FMR. Mecosta 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 $1,063 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	$758	$750
1 bedroom	$820	$738 – $902	$863	$840
2 bedrooms	$1,010	$909 – $1,111	$1,063	$1,060
3 bedrooms	$1,260	$1,134 – $1,386	$1,323	$1,350
4 bedrooms	$1,580	$1,422 – $1,738	$1,644	$1,500

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 $81,700 and the 80% low-income limit for four people is $66,900. ZIP code 49320 lies mainly in Mecosta County. See the Mecosta County, MI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
49342	Rodney	4.8 mi	$1,070
49305	Barryton	6.2 mi	$1,010
49332	Mecosta	9.1 mi	$1,030
49639	Hersey	9.3 mi	$1,010
49679	Sears	10.6 mi	$1,290
49631	Evart	11.0 mi	$1,060

Questions

What is the Fair Market Rent for ZIP code 49320?

HUD's FY2027 Small Area Fair Market Rents for 49320 are $720 (studio), $820 (1 BR), $1,010 (2 BR), $1,260 (3 BR) and $1,580 (4 BR) a month.

What is the Section 8 payment standard in 49320?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 49320 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 49320?

The FY2026 income limits of the Mecosta County, MI area apply: median family income $81,700, low-income (80%) limit $66,900 for a family of four.