Ionia County, MI

2024 Fair Market Rents

Tags: 2024 Ionia County, MI HUD Metro FMR Area

Return to the state page to see where Michigan ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Ionia County are Greenville, Lowell, Ionia, and Belding. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Ionia County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Ionia County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Ionia County compare?

Ionia County ($1,108) has a 9.2% higher FMR for 2-Bedroom housing than the average of Michigan ($1,015) and therefore a higher gross rent.

Ionia County is rank 15th out of 83 counties. This means the FMRs, or in other words, the gross rent is higher than 68 other counties. Ionia County is the 15th most expensive county in terms of FMRs.

Rent Tables Ionia County, MI

Fair Market Rent (40th Percentile)

$795
studio
$843
1-Bedroom
$1,108
2-Bedroom
$1,369
3-Bedroom
$1,683
4-Bedroom

Median Rent (50th Percentile)

$861
studio
$913
1-Bedroom
$1,200
2-Bedroom
$1,483
3-Bedroom
$1,822
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
48809 $940 $1,000 $1,200 $1,560 $1,740
48815 $940 $1,000 $1,200 $1,560 $1,740
48838 $940 $1,000 $1,200 $1,560 $1,740
49302 $1,150 $1,200 $1,440 $1,880 $2,070
49331 $1,020 $1,070 $1,300 $1,680 $1,880
48809 $940 $1,000 $1,200 $1,560 $1,740
48815 $940 $1,000 $1,200 $1,560 $1,740
48834 $810 $900 $1,130 $1,390 $1,590
48838 $940 $1,000 $1,200 $1,560 $1,740
48846 $790 $840 $1,100 $1,360 $1,670
48851 $750 $800 $1,050 $1,300 $1,590
48860 $740 $790 $1,030 $1,270 $1,530
48865 $790 $840 $1,100 $1,360 $1,670
48870 $810 $900 $1,130 $1,390 $1,590
48881 $700 $700 $930 $1,170 $1,370
49302 $1,150 $1,200 $1,440 $1,880 $2,070
49331 $1,020 $1,070 $1,300 $1,680 $1,880
48809 $940 $1,000 $1,200 $1,560 $1,740
48834 $810 $900 $1,130 $1,390 $1,590
48838 $940 $1,000 $1,200 $1,560 $1,740
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
48809 $846 $900 $1,080 $1,404 $1,566
48815 $846 $900 $1,080 $1,404 $1,566
48838 $846 $900 $1,080 $1,404 $1,566
49302 $1,035 $1,080 $1,296 $1,692 $1,863
49331 $918 $963 $1,170 $1,512 $1,692
48809 $846 $900 $1,080 $1,404 $1,566
48815 $846 $900 $1,080 $1,404 $1,566
48834 $729 $810 $1,017 $1,251 $1,431
48838 $846 $900 $1,080 $1,404 $1,566
48846 $711 $756 $990 $1,224 $1,503
48851 $675 $720 $945 $1,170 $1,431
48860 $666 $711 $927 $1,143 $1,377
48865 $711 $756 $990 $1,224 $1,503
48870 $729 $810 $1,017 $1,251 $1,431
48881 $630 $630 $837 $1,053 $1,233
49302 $1,035 $1,080 $1,296 $1,692 $1,863
49331 $918 $963 $1,170 $1,512 $1,692
48809 $846 $900 $1,080 $1,404 $1,566
48834 $729 $810 $1,017 $1,251 $1,431
48838 $846 $900 $1,080 $1,404 $1,566
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
48809 $1,034 $1,100 $1,320 $1,716 $1,914
48815 $1,034 $1,100 $1,320 $1,716 $1,914
48838 $1,034 $1,100 $1,320 $1,716 $1,914
49302 $1,265 $1,320 $1,584 $2,068 $2,277
49331 $1,122 $1,177 $1,430 $1,848 $2,068
48809 $1,034 $1,100 $1,320 $1,716 $1,914
48815 $1,034 $1,100 $1,320 $1,716 $1,914
48834 $891 $990 $1,243 $1,529 $1,749
48838 $1,034 $1,100 $1,320 $1,716 $1,914
48846 $869 $924 $1,210 $1,496 $1,837
48851 $825 $880 $1,155 $1,430 $1,749
48860 $814 $869 $1,133 $1,397 $1,683
48865 $869 $924 $1,210 $1,496 $1,837
48870 $891 $990 $1,243 $1,529 $1,749
48881 $770 $770 $1,023 $1,287 $1,507
49302 $1,265 $1,320 $1,584 $2,068 $2,277
49331 $1,122 $1,177 $1,430 $1,848 $2,068
48809 $1,034 $1,100 $1,320 $1,716 $1,914
48834 $891 $990 $1,243 $1,529 $1,749
48838 $1,034 $1,100 $1,320 $1,716 $1,914

Fair Market Rents on this page apply to the following cities in Ionia County, Michigan: Greenville, Lowell, Ionia, Belding, Alto, Saranac, Clarksville, Lyons, Fenwick, Orleans, Muir, and Palo.

These Fair Market Rents also apply to the following ZIP codes in Ionia County, Michigan: 48838, 49331, 48846, 48809, 49302, 48881, 48815, 48851, 48834, 48865, 48860, and 48870.

Ionia County, MI is considered part of the following metro FMR area: IONIA COUNTY, MI HUD METRO FMR AREA.

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Fair Market Rents are published by the Department of Housing And Urban Development.