FY2027 Small Area FMR · Lake Leelanau, MI

ZIP 49653 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 49653 (Lake Leelanau, MI) is $1,350 a month, up 12.5% from FY2026. That is 10% below the Leelanau County, MI area-wide FMR of $1,500.

2-bedroom SAFMR$1,350per month ▲ 12.5%

Area-wide 2 BR FMR$1,500Leelanau County, MI

Rank in the area11thof 12 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,215

2 BR Small Area FMR$1,350

110% of SAFMR$1,485

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

Studio$1,010▲ 20.2%

1 BR$1,230▲ 15.0%

2 BR$1,350▲ 12.5%

3 BR$1,620▲ 12.5%

4 BR$1,790▲ 12.6%

FY2027 FY2026

Where 49653 sits in the Leelanau County, MI area

Of the 12 ZIP codes HUD lists for the area, 49653 has the 11th highest two-bedroom Small Area FMR. Leelanau 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 $1,500 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,350 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	$1,010	$909 – $1,111	$1,308	$840
1 bedroom	$1,230	$1,107 – $1,353	$1,316	$1,070
2 bedrooms	$1,350	$1,215 – $1,485	$1,500	$1,200
3 bedrooms	$1,620	$1,458 – $1,782	$1,787	$1,440
4 bedrooms	$1,790	$1,611 – $1,969	$1,971	$1,590

A household renting a two-bedroom home at the Small Area FMR of $1,350 needs about $54,000 a year to keep housing costs at 30% of income. The area median family income is $122,100 and the 80% low-income limit for four people is $97,700. ZIP code 49653 lies mainly in Leelanau County. See the Leelanau County, MI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
49682	Suttons Bay	4.8 mi	$1,490
49621	Cedar	7.6 mi	$1,370
49674	Omena	9.1 mi	$1,500
49664	Maple City	10.4 mi	$1,680
49670	Northport	11.0 mi	$1,550
49685	Traverse City	13.1 mi	$1,600

Questions

What is the Fair Market Rent for ZIP code 49653?

HUD's FY2027 Small Area Fair Market Rents for 49653 are $1,010 (studio), $1,230 (1 BR), $1,350 (2 BR), $1,620 (3 BR) and $1,790 (4 BR) a month.

What is the Section 8 payment standard in 49653?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 49653 that range is $1,215 to $1,485 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 49653?

The FY2026 income limits of the Leelanau County, MI area apply: median family income $122,100, low-income (80%) limit $97,700 for a family of four.