FY2027 Small Area FMR · Elberta, MI

ZIP 49628 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 49628 (Elberta, MI) is $1,120 a month, up 0.9% from FY2026. That is 9% below the Benzie County, MI area-wide FMR of $1,234.

2-bedroom SAFMR$1,120per month ▲ 0.9%

Area-wide 2 BR FMR$1,234Benzie County, MI

Rank in the area9thof 12 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$850▲ 4.9%

1 BR$860▲ 1.2%

2 BR$1,120▲ 0.9%

3 BR$1,480▲ 3.5%

4 BR$1,700▲ 10.4%

FY2027 FY2026

Where 49628 sits in the Benzie County, MI area

Of the 12 ZIP codes HUD lists for the area, 49628 has the 9th highest two-bedroom Small Area FMR. Benzie 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 $1,234 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	$850	$765 – $935	$937	$810
1 bedroom	$860	$774 – $946	$943	$850
2 bedrooms	$1,120	$1,008 – $1,232	$1,234	$1,110
3 bedrooms	$1,480	$1,332 – $1,628	$1,635	$1,430
4 bedrooms	$1,700	$1,530 – $1,870	$1,874	$1,540

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 $95,500 and the 80% low-income limit for four people is $76,400. ZIP code 49628 lies mainly in Benzie County. See the Benzie County, MI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
49635	Frankfort	2.4 mi	$1,120
49616	Benzonia	8.0 mi	$1,110
49613	Arcadia	8.3 mi	$1,200
49617	Beulah	10.3 mi	$1,110
49640	Honor	11.3 mi	$1,350
49614	Bear Lake	14.4 mi	$1,270

Questions

What is the Fair Market Rent for ZIP code 49628?

HUD's FY2027 Small Area Fair Market Rents for 49628 are $850 (studio), $860 (1 BR), $1,120 (2 BR), $1,480 (3 BR) and $1,700 (4 BR) a month.

What is the Section 8 payment standard in 49628?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 49628 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 49628?

The FY2026 income limits of the Benzie County, MI area apply: median family income $95,500, low-income (80%) limit $76,400 for a family of four.