Lapeer County, MI

2024 Fair Market Rents

Tags: 2024 Detroit-Warren-Livonia, MI HUD Metro FMR Area

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The top four largest cities in Lapeer County are Lapeer, Oxford, Imlay City, and Metamora. 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 Lapeer County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Lapeer 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 Lapeer County compare?

Lapeer County ($1,291) has a 27.2% higher FMR for 2-Bedroom housing than the average of Michigan ($1,015) and therefore a higher gross rent.

Lapeer County is rank 4th out of 83 counties. This means the FMRs, or in other words, the gross rent is higher than 79 other counties. Lapeer County is the 4th most expensive county in terms of FMRs.

Rent Tables Lapeer County, MI

Fair Market Rent (40th Percentile)

$920
studio
$1,019
1-Bedroom
$1,291
2-Bedroom
$1,595
3-Bedroom
$1,719
4-Bedroom

Median Rent (50th Percentile)

$999
studio
$1,106
1-Bedroom
$1,401
2-Bedroom
$1,731
3-Bedroom
$1,866
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
48003 $790 $880 $1,110 $1,370 $1,480
48014 $770 $860 $1,100 $1,360 $1,470
48371 $880 $970 $1,230 $1,520 $1,640
48412 $770 $860 $1,100 $1,360 $1,470
48416 $770 $860 $1,100 $1,360 $1,470
48428 $960 $1,060 $1,340 $1,660 $1,780
48435 $770 $860 $1,100 $1,360 $1,470
48440 $830 $920 $1,160 $1,430 $1,540
48444 $770 $860 $1,100 $1,360 $1,470
48446 $780 $870 $1,100 $1,360 $1,470
48453 $770 $860 $1,100 $1,360 $1,470
48455 $830 $920 $1,160 $1,430 $1,540
48461 $790 $880 $1,110 $1,370 $1,480
48727 $780 $860 $1,100 $1,360 $1,470
48744 $810 $890 $1,130 $1,400 $1,500
48760 $770 $860 $1,100 $1,360 $1,470
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
48003 $711 $792 $999 $1,233 $1,332
48014 $693 $774 $990 $1,224 $1,323
48371 $792 $873 $1,107 $1,368 $1,476
48412 $693 $774 $990 $1,224 $1,323
48416 $693 $774 $990 $1,224 $1,323
48428 $864 $954 $1,206 $1,494 $1,602
48435 $693 $774 $990 $1,224 $1,323
48440 $747 $828 $1,044 $1,287 $1,386
48444 $693 $774 $990 $1,224 $1,323
48446 $702 $783 $990 $1,224 $1,323
48453 $693 $774 $990 $1,224 $1,323
48455 $747 $828 $1,044 $1,287 $1,386
48461 $711 $792 $999 $1,233 $1,332
48727 $702 $774 $990 $1,224 $1,323
48744 $729 $801 $1,017 $1,260 $1,350
48760 $693 $774 $990 $1,224 $1,323
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
48003 $869 $968 $1,221 $1,507 $1,628
48014 $847 $946 $1,210 $1,496 $1,617
48371 $968 $1,067 $1,353 $1,672 $1,804
48412 $847 $946 $1,210 $1,496 $1,617
48416 $847 $946 $1,210 $1,496 $1,617
48428 $1,056 $1,166 $1,474 $1,826 $1,958
48435 $847 $946 $1,210 $1,496 $1,617
48440 $913 $1,012 $1,276 $1,573 $1,694
48444 $847 $946 $1,210 $1,496 $1,617
48446 $858 $957 $1,210 $1,496 $1,617
48453 $847 $946 $1,210 $1,496 $1,617
48455 $913 $1,012 $1,276 $1,573 $1,694
48461 $869 $968 $1,221 $1,507 $1,628
48727 $858 $946 $1,210 $1,496 $1,617
48744 $891 $979 $1,243 $1,540 $1,650
48760 $847 $946 $1,210 $1,496 $1,617

Fair Market Rents on this page apply to the following cities in Lapeer County, Michigan: Lapeer, Oxford, Imlay City, Metamora, North Branch, Almont, Attica, Dryden, Marlette, Brown City, Mayville, Capac, Fostoria, Silverwood, Clifford, and Hadley.

These Fair Market Rents also apply to the following ZIP codes in Lapeer County, Michigan: 48446, 48371, 48444, 48455, 48461, 48003, 48412, 48428, 48453, 48416, 48744, 48014, 48435, 48760, 48727, and 48440.

Lapeer County, MI is considered part of the following metro FMR area: DETROIT-WARREN-LIVONIA, MI HUD METRO FMR AREA.

Other counties in the same metro FMR area are: Macomb County, MI, Oakland County, MI, St. Clair County, MI, and Wayne County, MI.

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Data Source

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