FY2027 Small Area FMR · Wallace, MI

ZIP 49893 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 49893 (Wallace, MI) is $1,030 a month, up 6.2% from FY2026. That is 2% above the Menominee County, MI area-wide FMR of $1,014.

2-bedroom SAFMR$1,030per month ▲ 6.2%

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

Rank in the area8thof 15 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$760▲ 8.6%

1 BR$830▲ 7.8%

2 BR$1,030▲ 6.2%

3 BR$1,430▲ 5.9%

4 BR$1,450▲ 5.1%

FY2027 FY2026

Where 49893 sits in the Menominee County, MI area

Of the 15 ZIP codes HUD lists for the area, 49893 has the 8th highest two-bedroom Small Area FMR. Menominee 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 $1,030 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	$760	$684 – $836	$745	$700
1 bedroom	$830	$747 – $913	$817	$770
2 bedrooms	$1,030	$927 – $1,133	$1,014	$970
3 bedrooms	$1,430	$1,287 – $1,573	$1,404	$1,350
4 bedrooms	$1,450	$1,305 – $1,595	$1,426	$1,380

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 $83,100 and the 80% low-income limit for four people is $66,900. ZIP code 49893 lies mainly in Menominee County. See the Menominee County, MI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
49858	Menominee	5.5 mi	$1,030
49848	Ingalls	5.8 mi	$1,020
49887	Stephenson	9.5 mi	$1,010
54159	Porterfield	13.4 mi	$1,020
54177	Wausaukee	15.6 mi	$1,010
54143	Marinette	15.9 mi	$1,040

Questions

What is the Fair Market Rent for ZIP code 49893?

HUD's FY2027 Small Area Fair Market Rents for 49893 are $760 (studio), $830 (1 BR), $1,030 (2 BR), $1,430 (3 BR) and $1,450 (4 BR) a month.

What is the Section 8 payment standard in 49893?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 49893 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 49893?

The FY2026 income limits of the Menominee County, MI area apply: median family income $83,100, low-income (80%) limit $66,900 for a family of four.