FY2027 Small Area FMR · Skanee, MI

ZIP 49962 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 49962 (Skanee, MI) is $1,010 a month, up 4.1% from FY2026. That is 0% equal to the Baraga County, MI area-wide FMR of $1,014.

2-bedroom SAFMR$1,010per month ▲ 4.1%

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

Rank in the area5thof 8 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$909

2 BR Small Area FMR$1,010

110% of SAFMR$1,111

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

Studio$720▲ 4.3%

1 BR$780▲ 2.6%

2 BR$1,010▲ 4.1%

3 BR$1,210▲ 3.4%

4 BR$1,340▲ 1.5%

FY2027 FY2026

Where 49962 sits in the Baraga County, MI area

Of the 8 ZIP codes HUD lists for the area, 49962 has the 5th highest two-bedroom Small Area FMR. Baraga 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 $1,010 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	$720	$648 – $792	$723	$690
1 bedroom	$780	$702 – $858	$775	$760
2 bedrooms	$1,010	$909 – $1,111	$1,014	$970
3 bedrooms	$1,210	$1,089 – $1,331	$1,208	$1,170
4 bedrooms	$1,340	$1,206 – $1,474	$1,333	$1,320

A household renting a two-bedroom home at the Small Area FMR of $1,010 needs about $40,400 a year to keep housing costs at 30% of income. The area median family income is $70,700 and the 80% low-income limit for four people is $66,900. ZIP code 49962 lies mainly in Baraga County. See the Baraga County, MI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
49946	Lanse	12.2 mi	$1,010
49808	Big Bay	13.2 mi	$1,200
49908	Baraga	20.7 mi	$1,040
49814	Champion	21.7 mi	$1,070
49916	Chassell	23.7 mi	$1,050
49922	Dollar Bay	24.5 mi	$1,020

Questions

What is the Fair Market Rent for ZIP code 49962?

HUD's FY2027 Small Area Fair Market Rents for 49962 are $720 (studio), $780 (1 BR), $1,010 (2 BR), $1,210 (3 BR) and $1,340 (4 BR) a month.

What is the Section 8 payment standard in 49962?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 49962 that range is $909 to $1,111 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 49962?

The FY2026 income limits of the Baraga County, MI area apply: median family income $70,700, low-income (80%) limit $66,900 for a family of four.