FY2027 Small Area FMR · Amasa, MI

ZIP 49903 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 49903 (Amasa, MI) is $1,130 a month, up 16.5% from FY2026. That is 0% equal to the Iron County, MI area-wide FMR of $1,132.

2-bedroom SAFMR$1,130per month ▲ 16.5%

Area-wide 2 BR FMR$1,132Iron County, MI

Rank in the area5thof 9 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,017

2 BR Small Area FMR$1,130

110% of SAFMR$1,243

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

Studio$810▲ 17.4%

1 BR$860▲ 16.2%

2 BR$1,130▲ 16.5%

3 BR$1,350▲ 15.4%

4 BR$1,490▲ 15.5%

FY2027 FY2026

Where 49903 sits in the Iron County, MI area

Of the 9 ZIP codes HUD lists for the area, 49903 has the 5th highest two-bedroom Small Area FMR. Iron 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 $1,132 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,130 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	$810	$729 – $891	$808	$690
1 bedroom	$860	$774 – $946	$865	$740
2 bedrooms	$1,130	$1,017 – $1,243	$1,132	$970
3 bedrooms	$1,350	$1,215 – $1,485	$1,349	$1,170
4 bedrooms	$1,490	$1,341 – $1,639	$1,488	$1,290

A household renting a two-bedroom home at the Small Area FMR of $1,130 needs about $45,200 a year to keep housing costs at 30% of income. The area median family income is $75,300 and the 80% low-income limit for four people is $66,900. ZIP code 49903 lies mainly in Iron County. See the Iron County, MI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
49919	Covington	10.9 mi	$1,010
49861	Michigamme	13.9 mi	$1,110
49920	Crystal Falls	15.1 mi	$1,160
49970	Watton	16.6 mi	$1,010
49935	Iron River	18.2 mi	$1,180
49961	Sidnaw	19.2 mi	$1,030

Questions

What is the Fair Market Rent for ZIP code 49903?

HUD's FY2027 Small Area Fair Market Rents for 49903 are $810 (studio), $860 (1 BR), $1,130 (2 BR), $1,350 (3 BR) and $1,490 (4 BR) a month.

What is the Section 8 payment standard in 49903?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 49903 that range is $1,017 to $1,243 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 49903?

The FY2026 income limits of the Iron County, MI area apply: median family income $75,300, low-income (80%) limit $66,900 for a family of four.