FY2027 Small Area FMR · Onaway, MI
ZIP 49765 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 49765 (Onaway, MI) is $1,040 a month, up 7.2% from FY2026. That is 6% below the Cheboygan County, MI area-wide FMR of $1,104.
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 49765 sits in the Cheboygan County, MI area
Of the 17 ZIP codes HUD lists for the area, 49765 has the 15th highest two-bedroom Small Area FMR. Cheboygan 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 $1,104 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,040 for this ZIP code instead.
ZIP code 49765 crosses more than one HUD area. HUD also lists it under Presque Isle 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 | $730 | $657 – $803 | $788 | $680 |
| 1 bedroom | $800 | $720 – $880 | $844 | $740 |
| 2 bedrooms | $1,040 | $936 – $1,144 | $1,104 | $970 |
| 3 bedrooms | $1,240 | $1,116 – $1,364 | $1,315 | $1,170 |
| 4 bedrooms | $1,550 | $1,395 – $1,705 | $1,490 | $1,420 |
A household renting a two-bedroom home at the Small Area FMR of $1,040 needs about $41,600 a year to keep housing costs at 30% of income. The area median family income is $79,500 and the 80% low-income limit for four people is $66,900. ZIP code 49765 lies mainly in Presque Isle County and Cheboygan County. See the Cheboygan County, 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 49765?
HUD's FY2027 Small Area Fair Market Rents for 49765 are $730 (studio), $800 (1 BR), $1,040 (2 BR), $1,240 (3 BR) and $1,550 (4 BR) a month.
What is the Section 8 payment standard in 49765?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 49765 that range is $936 to $1,144 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 49765?
The FY2026 income limits of the Cheboygan County, MI area apply: median family income $79,500, low-income (80%) limit $66,900 for a family of four.