Shiawassee County, MI

2024 Fair Market Rents

Tags: 2024 Shiawassee 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 Shiawassee County are Corunna, Morrice, Bancroft, and Vernon. 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 Shiawassee County use?

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

Shiawassee County ($905) has a 10.8% lower FMR for 2-Bedroom housing than the average of Michigan ($1,015) and therefore has a lower gross rent.

Shiawassee County is rank 66th out of 83 counties. This means the FMRs, or in other words, the gross rent is lower than 65 other counties. Shiawassee County is the 18th cheapest county in terms of FMRs.

Rent Tables Shiawassee County, MI

Fair Market Rent (40th Percentile)

$684
studio
$689
1-Bedroom
$905
2-Bedroom
$1,221
3-Bedroom
$1,278
4-Bedroom

Median Rent (50th Percentile)

$708
studio
$713
1-Bedroom
$937
2-Bedroom
$1,264
3-Bedroom
$1,323
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
48414 $0 $750 $980 $1,320 $1,380
48476 $0 $690 $910 $1,220 $1,280
48817 $0 $780 $1,030 $1,390 $1,450
48857 $0 $780 $1,030 $1,390 $1,450
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
48414 $666 $675 $882 $1,188 $1,242
48476 $612 $621 $819 $1,098 $1,152
48817 $702 $702 $927 $1,251 $1,305
48857 $702 $702 $927 $1,251 $1,305
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
48414 $814 $825 $1,078 $1,452 $1,518
48476 $748 $759 $1,001 $1,342 $1,408
48817 $858 $858 $1,133 $1,529 $1,595
48857 $858 $858 $1,133 $1,529 $1,595

Fair Market Rents on this page apply to the following cities in Shiawassee County, Michigan: Corunna, Morrice, Bancroft, Vernon, and Shaftsburg.

These Fair Market Rents also apply to the following ZIP codes in Shiawassee County, Michigan: 48817, 48857, 48414, 48476, and 48882.

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

More on Shiawassee County, MI

Citation

Link to this Page:

Questions or Comments? Contact us

Data Source

HUD Seal

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