FY2027 Small Area FMR · Gulliver, MI

ZIP 49840 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 49840 (Gulliver, MI) is $1,520 a month, up 56.7% from FY2026. That is 50% above the Schoolcraft County, MI area-wide FMR of $1,014.

2-bedroom SAFMR$1,520per month ▲ 56.7%

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

Rank in the area1stof 7 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,368

2 BR Small Area FMR$1,520

110% of SAFMR$1,672

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

Studio$1,080▲ 56.5%

1 BR$1,320▲ 53.5%

2 BR$1,520▲ 56.7%

3 BR$1,970▲ 47.0%

4 BR$2,140▲ 55.1%

FY2027 FY2026

Where 49840 sits in the Schoolcraft County, MI area

Of the 7 ZIP codes HUD lists for the area, 49840 has the 1st highest two-bedroom Small Area FMR. Schoolcraft 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 $1,520 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	$1,080	$972 – $1,188	$723	$690
1 bedroom	$1,320	$1,188 – $1,452	$881	$860
2 bedrooms	$1,520	$1,368 – $1,672	$1,014	$970
3 bedrooms	$1,970	$1,773 – $2,167	$1,317	$1,340
4 bedrooms	$2,140	$1,926 – $2,354	$1,426	$1,380

A household renting a two-bedroom home at the Small Area FMR of $1,520 needs about $60,800 a year to keep housing costs at 30% of income. The area median family income is $75,800 and the 80% low-income limit for four people is $66,900. ZIP code 49840 lies mainly in Schoolcraft County. See the Schoolcraft County, MI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
49836	Germfask	8.5 mi	$1,010
49838	Gould City	14.0 mi	$1,120
49854	Manistique	14.4 mi	$1,010
49820	Curtis	18.1 mi	$1,050
49853	Mc Millan	22.1 mi	$1,010
49827	Engadine	22.1 mi	$1,070

Questions

What is the Fair Market Rent for ZIP code 49840?

HUD's FY2027 Small Area Fair Market Rents for 49840 are $1,080 (studio), $1,320 (1 BR), $1,520 (2 BR), $1,970 (3 BR) and $2,140 (4 BR) a month.

What is the Section 8 payment standard in 49840?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 49840 that range is $1,368 to $1,672 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 49840?

The FY2026 income limits of the Schoolcraft County, MI area apply: median family income $75,800, low-income (80%) limit $66,900 for a family of four.