FY2027 Small Area FMR · Wayland, MI
ZIP 49348 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 49348 (Wayland, MI) is $1,400 a month, unchanged from FY2026. That is 14% below the Grand Rapids-Wyoming, MI area-wide FMR of $1,630.
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 49348 sits in the Grand Rapids-Wyoming, MI area
Of the 50 ZIP codes HUD lists for the area, 49348 has the 37th highest two-bedroom Small Area FMR. Grand Rapids-Wyoming, 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 $1,630 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,400 for this ZIP code instead.
ZIP code 49348 crosses more than one HUD area. HUD also lists it under Barry County, MI (same figures) and Allegan County, 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 | $1,110 | $999 – $1,221 | $1,306 | $1,060 |
| 1 bedroom | $1,160 | $1,044 – $1,276 | $1,365 | $1,090 |
| 2 bedrooms | $1,400 | $1,260 – $1,540 | $1,630 | $1,400 |
| 3 bedrooms | $1,790 | $1,611 – $1,969 | $2,113 | $1,760 |
| 4 bedrooms | $2,040 | $1,836 – $2,244 | $2,417 | $1,980 |
A household renting a two-bedroom home at the Small Area FMR of $1,400 needs about $56,000 a year to keep housing costs at 30% of income. The area median family income is $106,600 and the 80% low-income limit for four people is $85,300. ZIP code 49348 lies mainly in Allegan County, Barry County and Kent County. See the Grand Rapids-Wyoming, 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 49348?
HUD's FY2027 Small Area Fair Market Rents for 49348 are $1,110 (studio), $1,160 (1 BR), $1,400 (2 BR), $1,790 (3 BR) and $2,040 (4 BR) a month.
What is the Section 8 payment standard in 49348?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 49348 that range is $1,260 to $1,540 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 49348?
The FY2026 income limits of the Grand Rapids-Wyoming, MI area apply: median family income $106,600, low-income (80%) limit $85,300 for a family of four.