FY2027 Small Area FMR · Ironwood, MI

ZIP 49938 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 49938 (Ironwood, MI) is $1,020 a month, up 5.2% from FY2026. That is 1% above the Gogebic County, MI area-wide FMR of $1,014.

2-bedroom SAFMR$1,020per month ▲ 5.2%

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

Rank in the area2ndof 7 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$918

2 BR Small Area FMR$1,020

110% of SAFMR$1,122

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

Studio$710▲ 2.9%

1 BR$820▲ 7.9%

2 BR$1,020▲ 5.2%

3 BR$1,410▲ 4.4%

4 BR$1,500▲ 6.4%

FY2027 FY2026

Where 49938 sits in the Gogebic County, MI area

Of the 7 ZIP codes HUD lists for the area, 49938 has the 2nd highest two-bedroom Small Area FMR. Gogebic 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 $1,020 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	$706	$690
1 bedroom	$820	$738 – $902	$816	$760
2 bedrooms	$1,020	$918 – $1,122	$1,014	$970
3 bedrooms	$1,410	$1,269 – $1,551	$1,404	$1,350
4 bedrooms	$1,500	$1,350 – $1,650	$1,495	$1,410

A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 a year to keep housing costs at 30% of income. The area median family income is $70,500 and the 80% low-income limit for four people is $66,900. ZIP code 49938 lies mainly in Gogebic County. See the Gogebic County, MI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
49911	Bessemer	7.9 mi	$1,010
49959	Ramsay	10.3 mi	$1,010
54525	Gile	12.2 mi	$1,010
49968	Wakefield	13.4 mi	$1,010
54550	Montreal	17.1 mi	$1,190
54534	Hurley	17.3 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 49938?

HUD's FY2027 Small Area Fair Market Rents for 49938 are $710 (studio), $820 (1 BR), $1,020 (2 BR), $1,410 (3 BR) and $1,500 (4 BR) a month.

What is the Section 8 payment standard in 49938?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 49938 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 49938?

The FY2026 income limits of the Gogebic County, MI area apply: median family income $70,500, low-income (80%) limit $66,900 for a family of four.