FY2027 Small Area FMR · Ishpeming, MI

ZIP 49849 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 49849 (Ishpeming, MI) is $1,030 a month, up 6.2% from FY2026. That is 14% below the Marquette County, MI area-wide FMR of $1,199.

2-bedroom SAFMR$1,030per month ▲ 6.2%

Area-wide 2 BR FMR$1,199Marquette County, MI

Rank in the area15thof 17 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$927

2 BR Small Area FMR$1,030

110% of SAFMR$1,133

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

Studio$710▲ 6.0%

1 BR$880▲ 6.0%

2 BR$1,030▲ 6.2%

3 BR$1,230▲ 5.1%

4 BR$1,500▼ 0.7%

FY2027 FY2026

Where 49849 sits in the Marquette County, MI area

Of the 17 ZIP codes HUD lists for the area, 49849 has the 15th highest two-bedroom Small Area FMR. Marquette 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 $1,199 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,030 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	$710	$639 – $781	$835	$670
1 bedroom	$880	$792 – $968	$1,012	$830
2 bedrooms	$1,030	$927 – $1,133	$1,199	$970
3 bedrooms	$1,230	$1,107 – $1,353	$1,429	$1,170
4 bedrooms	$1,500	$1,350 – $1,650	$1,696	$1,510

A household renting a two-bedroom home at the Small Area FMR of $1,030 needs about $41,200 a year to keep housing costs at 30% of income. The area median family income is $99,900 and the 80% low-income limit for four people is $76,700. ZIP code 49849 lies mainly in Marquette County. See the Marquette County, MI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
49866	Negaunee	10.4 mi	$1,040
49871	Palmer	10.4 mi	$1,030
49814	Champion	11.6 mi	$1,070
49879	Republic	14.4 mi	$1,210
49855	Marquette	17.5 mi	$1,280
49841	Gwinn	17.6 mi	$1,030

Questions

What is the Fair Market Rent for ZIP code 49849?

HUD's FY2027 Small Area Fair Market Rents for 49849 are $710 (studio), $880 (1 BR), $1,030 (2 BR), $1,230 (3 BR) and $1,500 (4 BR) a month.

What is the Section 8 payment standard in 49849?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 49849 that range is $927 to $1,133 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 49849?

The FY2026 income limits of the Marquette County, MI area apply: median family income $99,900, low-income (80%) limit $76,700 for a family of four.