FY2027 Small Area FMR · Falmouth, MI

ZIP 49632 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 49632 (Falmouth, MI) is $1,010 a month, up 4.1% from FY2026. That is 0% equal to the Missaukee County, MI area-wide FMR of $1,014.

2-bedroom SAFMR$1,010per month ▲ 4.1%

Area-wide 2 BR FMR$1,014Missaukee County, MI

Rank in the area7thof 10 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▲ 4.3%

1 BR$860▲ 8.9%

2 BR$1,010▲ 4.1%

3 BR$1,280▲ 7.6%

4 BR$1,340▲ 3.9%

FY2027 FY2026

Where 49632 sits in the Missaukee County, MI area

Of the 10 ZIP codes HUD lists for the area, 49632 has the 7th highest two-bedroom Small Area FMR. Missaukee 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 $1,014 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	$723	$690
1 bedroom	$860	$774 – $946	$863	$790
2 bedrooms	$1,010	$909 – $1,111	$1,014	$970
3 bedrooms	$1,280	$1,152 – $1,408	$1,273	$1,190
4 bedrooms	$1,340	$1,206 – $1,474	$1,333	$1,290

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 $83,100 and the 80% low-income limit for four people is $66,900. ZIP code 49632 lies mainly in Missaukee County. See the Missaukee County, MI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
49667	Merritt	9.0 mi	$1,010
49657	Mc Bain	10.1 mi	$1,030
48629	Houghton Lake	10.4 mi	$1,010
48630	Houghton Lake Heights	11.3 mi	$1,010
49665	Marion	12.4 mi	$1,020
49651	Lake City	12.5 mi	$1,020

Questions

What is the Fair Market Rent for ZIP code 49632?

HUD's FY2027 Small Area Fair Market Rents for 49632 are $720 (studio), $860 (1 BR), $1,010 (2 BR), $1,280 (3 BR) and $1,340 (4 BR) a month.

What is the Section 8 payment standard in 49632?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 49632 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 49632?

The FY2026 income limits of the Missaukee County, MI area apply: median family income $83,100, low-income (80%) limit $66,900 for a family of four.