FY2027 Small Area FMR · Muskegon, MI

ZIP 49440 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 49440 (Muskegon, MI) is $1,120 a month, up 7.7% from FY2026. That is 13% below the Muskegon-Norton Shores, MI area-wide FMR of $1,285.

2-bedroom SAFMR$1,120per month ▲ 7.7%

Area-wide 2 BR FMR$1,285Muskegon-Norton Shores, MI

Rank in the area18thof 21 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,008

2 BR Small Area FMR$1,120

110% of SAFMR$1,232

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

Studio$780▲ 8.3%

1 BR$850▲ 6.2%

2 BR$1,120▲ 7.7%

3 BR$1,350▲ 6.3%

4 BR$1,480▲ 7.2%

FY2027 FY2026

Where 49440 sits in the Muskegon-Norton Shores, MI area

Of the 21 ZIP codes HUD lists for the area, 49440 has the 18th highest two-bedroom Small Area FMR. Muskegon-Norton Shores, 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 $1,285 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,120 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	$780	$702 – $858	$937	$720
1 bedroom	$850	$765 – $935	$982	$800
2 bedrooms	$1,120	$1,008 – $1,232	$1,285	$1,040
3 bedrooms	$1,350	$1,215 – $1,485	$1,534	$1,270
4 bedrooms	$1,480	$1,332 – $1,628	$1,689	$1,380

A household renting a two-bedroom home at the Small Area FMR of $1,120 needs about $44,800 a year to keep housing costs at 30% of income. The area median family income is $77,500 and the 80% low-income limit for four people is $66,900. ZIP code 49440 lies mainly in Muskegon County. See the Muskegon-Norton Shores, MI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
49443	Muskegon	0.3 mi	$1,280
49441	Muskegon	4.0 mi	$1,390
49445	Muskegon	4.3 mi	$1,490
49444	Muskegon	4.9 mi	$1,300
49442	Muskegon	5.9 mi	$1,200
49415	Fruitport	9.2 mi	$1,450

Questions

What is the Fair Market Rent for ZIP code 49440?

HUD's FY2027 Small Area Fair Market Rents for 49440 are $780 (studio), $850 (1 BR), $1,120 (2 BR), $1,350 (3 BR) and $1,480 (4 BR) a month.

What is the Section 8 payment standard in 49440?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 49440 that range is $1,008 to $1,232 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 49440?

The FY2026 income limits of the Muskegon-Norton Shores, MI area apply: median family income $77,500, low-income (80%) limit $66,900 for a family of four.