49666 Mayfield, MI Fair Market Rent

What the FMR for ZIP 49666 actually means

HUD publishes ZIP-level Small Area FMRs in designated metros. Our load has no SAFMR row for ZIP 49666, so we show the FMR-area schedule for Grand Traverse: $1,143 1-bedroom, studio $1,136, 2-bedroom $1,357, 3-bedroom $1,747, 4-bedroom $1,797. Other ZIPs in the same FMR area share this schedule until a SAFMR row is available. These are 40th-percentile gross rents, not live asking rents.

Without SAFMR for this ZIP, every ZIP mapped to Grand Traverse's FMR area shares the same baseline figures even when street-level market rents differ. Against the national benchmark the 1-bedroom FMR-area figure is 19% above the US average of $959, and 28% above the MI state average of $891. Year-over-year, the 1-bedroom moved up8.8% from FY 2025 ($1,051) to FY 2026.

For budgeting, the 30% affordability rule says rent should not exceed 30% of gross household income. At the FY 2026 1-bedroom FMR of $1,143, that implies a household income of $45,720 per year (about $3,810/month) to avoid being cost-burdened, a 2-bedroom at $1,357 lifts that threshold higher still. ZIP 49666 has a population of 106 residents, so the gap between these FMR figures and local wages shapes how many households qualify as rent-burdened (paying more than 30% of income) or severely burdened (above 50%).