FY2027 Small Area FMR · Chatham, MI

ZIP 49816 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 49816 (Chatham, MI) is $1,010 a month, up 1.0% from FY2026. That is 5% below the Alger County, MI area-wide FMR of $1,064.

2-bedroom SAFMR$1,010per month ▲ 1.0%

Area-wide 2 BR FMR$1,064Alger County, MI

Rank in the area13thof 13 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▲ 1.4%

1 BR$780▲ 2.6%

2 BR$1,010▲ 1.0%

3 BR$1,210▲ 0.8%

4 BR$1,440▲ 9.1%

FY2027 FY2026

Where 49816 sits in the Alger County, MI area

Of the 13 ZIP codes HUD lists for the area, 49816 has the 13th highest two-bedroom Small Area FMR. Alger 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 $1,064 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	$759	$710
1 bedroom	$780	$702 – $858	$813	$760
2 bedrooms	$1,010	$909 – $1,111	$1,064	$1,000
3 bedrooms	$1,210	$1,089 – $1,331	$1,268	$1,200
4 bedrooms	$1,440	$1,296 – $1,584	$1,496	$1,320

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 $77,500 and the 80% low-income limit for four people is $66,900. ZIP code 49816 lies mainly in Alger County. See the Alger County, MI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
49825	Eben Junction	6.4 mi	$1,060
49891	Trenary	6.8 mi	$1,060
49826	Rumely	8.0 mi	$1,060
49806	Au Train	11.5 mi	$1,100
49822	Deerton	11.9 mi	$1,060
49862	Munising	12.1 mi	$1,130

Questions

What is the Fair Market Rent for ZIP code 49816?

HUD's FY2027 Small Area Fair Market Rents for 49816 are $720 (studio), $780 (1 BR), $1,010 (2 BR), $1,210 (3 BR) and $1,440 (4 BR) a month.

What is the Section 8 payment standard in 49816?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 49816 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 49816?

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