FY2027 Small Area FMR · Painesdale, MI

ZIP 49955 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 49955 (Painesdale, MI) is $1,060 a month, up 3.9% from FY2026. That is 3% above the Houghton County, MI area-wide FMR of $1,033.

2-bedroom SAFMR$1,060per month ▲ 3.9%

Area-wide 2 BR FMR$1,033Houghton County, MI

Rank in the area5thof 20 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$954

2 BR Small Area FMR$1,060

110% of SAFMR$1,166

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

Studio$820▼ 1.2%

1 BR$830▼ 1.2%

2 BR$1,060▲ 3.9%

3 BR$1,470▲ 3.5%

4 BR$1,780▲ 4.1%

FY2027 FY2026

Where 49955 sits in the Houghton County, MI area

Of the 20 ZIP codes HUD lists for the area, 49955 has the 5th highest two-bedroom Small Area FMR. Houghton 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 $1,033 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,060 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	$820	$738 – $902	$801	$830
1 bedroom	$830	$747 – $913	$806	$840
2 bedrooms	$1,060	$954 – $1,166	$1,033	$1,020
3 bedrooms	$1,470	$1,323 – $1,617	$1,430	$1,420
4 bedrooms	$1,780	$1,602 – $1,958	$1,727	$1,710

A household renting a two-bedroom home at the Small Area FMR of $1,060 needs about $42,400 a year to keep housing costs at 30% of income. The area median family income is $89,400 and the 80% low-income limit for four people is $71,500. ZIP code 49955 lies mainly in Houghton County. See the Houghton County, MI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
49963	South Range	2.4 mi	$1,010
49916	Chassell	5.3 mi	$1,050
49931	Houghton	7.9 mi	$1,230
49921	Dodgeville	8.0 mi	$1,500
49905	Atlantic Mine	8.1 mi	$1,170
49965	Toivola	8.5 mi	$1,030

Questions

What is the Fair Market Rent for ZIP code 49955?

HUD's FY2027 Small Area Fair Market Rents for 49955 are $820 (studio), $830 (1 BR), $1,060 (2 BR), $1,470 (3 BR) and $1,780 (4 BR) a month.

What is the Section 8 payment standard in 49955?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 49955 that range is $954 to $1,166 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 49955?

The FY2026 income limits of the Houghton County, MI area apply: median family income $89,400, low-income (80%) limit $71,500 for a family of four.