Metro FMR area · MI · HUD FY 2027
Saginaw, MI Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Saginaw, MI area is $1,141 a month, 16% below the Michigan average and 35% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 33 ZIP codes range from $1,010 to $1,400.
- $1,1412-bedroom FMR+$24 (+2.1%) vs FY 2026
- $8931-bedroom FMRU.S.: $1,478
- $45,640Income for a 2-bedroomat 30% of income
- 188,665Residents1 county
| Unit | Saginaw, MI FY 2027 | FY 2026 | Change | Michigan avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $795 | $770 | +$25 (+3.2%) | $1,003 | $1,379 | $31,800 |
| 1 bedroom | $893 | $851 | +$42 (+4.9%) | $1,101 | $1,478 | $35,720 |
| 2 bedrooms | $1,141 | $1,117 | +$24 (+2.1%) | $1,361 | $1,761 | $45,640 |
| 3 bedrooms | $1,466 | $1,440 | +$26 (+1.8%) | $1,697 | $2,266 | $58,640 |
| 4 bedrooms | $1,500 | $1,479 | +$21 (+1.4%) | $1,873 | $2,607 | $60,000 |
Counties in this FMR area
| County | Residents in area |
|---|---|
| Saginaw County, MI | 188,665 |
Small Area FMRs by ZIP code
Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,140.
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 48415 | $810 | $920 | $1,170 | $1,500 | $1,540 | −$10 (−0.8%) | 3% above |
| 48417 | $870 | $980 | $1,250 | $1,610 | $1,640 | +$10 (+0.8%) | 10% above |
| 48420 | $710 | $840 | $1,010 | $1,300 | $1,450 | +$40 (+4.1%) | 11% below |
| 48457 | $720 | $840 | $1,030 | $1,300 | $1,440 | +$40 (+4.0%) | 10% below |
| 48460 | $730 | $780 | $1,010 | $1,350 | $1,480 | +$40 (+4.1%) | 11% below |
| 48601 | $770 | $870 | $1,110 | $1,430 | $1,460 | +$20 (+1.8%) | 3% below |
| 48602 | $780 | $880 | $1,120 | $1,440 | $1,470 | +$30 (+2.8%) | 2% below |
| 48603 | $870 | $980 | $1,250 | $1,610 | $1,640 | +$20 (+1.6%) | 10% above |
| 48604 | $880 | $990 | $1,260 | $1,620 | $1,660 | +$70 (+5.9%) | 10% above |
| 48605 | $790 | $890 | $1,140 | $1,460 | $1,500 | +$20 (+1.8%) | about the same as |
| 48606 | $790 | $890 | $1,140 | $1,460 | $1,500 | +$20 (+1.8%) | about the same as |
| 48607 | $850 | $950 | $1,220 | $1,570 | $1,600 | +$10 (+0.8%) | 7% above |
| 48608 | $790 | $890 | $1,140 | $1,460 | $1,500 | +$20 (+1.8%) | about the same as |
| 48609 | $770 | $860 | $1,100 | $1,410 | $1,450 | +$20 (+1.9%) | 4% below |
| 48614 | $880 | $990 | $1,260 | $1,620 | $1,660 | +$40 (+3.3%) | 10% above |
| 48616 | $710 | $790 | $1,010 | $1,310 | $1,420 | +$40 (+4.1%) | 11% below |
| 48623 | $990 | $1,090 | $1,400 | $1,800 | $1,860 | +$70 (+5.3%) | 23% above |
| 48626 | $830 | $920 | $1,180 | $1,510 | $1,570 | +$90 (+8.3%) | 3% above |
| 48637 | $820 | $840 | $1,080 | $1,370 | $1,520 | +$50 (+4.9%) | 5% below |
| 48638 | $790 | $890 | $1,140 | $1,460 | $1,500 | +$10 (+0.9%) | about the same as |
| 48649 | $710 | $790 | $1,010 | $1,310 | $1,420 | +$40 (+4.1%) | 11% below |
| 48655 | $710 | $790 | $1,010 | $1,310 | $1,340 | +$40 (+4.1%) | 11% below |
| 48708 | $800 | $800 | $1,010 | $1,380 | $1,490 | +$40 (+4.1%) | 11% below |
| 48722 | $860 | $960 | $1,230 | $1,580 | $1,620 | +$110 (+9.8%) | 8% above |
| 48724 | $840 | $950 | $1,210 | $1,550 | $1,590 | +$60 (+5.2%) | 6% above |
| 48734 | $710 | $790 | $1,010 | $1,310 | $1,350 | +$20 (+2.0%) | 11% below |
| 48747 | $950 | $960 | $1,210 | $1,640 | $1,760 | +$80 (+7.1%) | 6% above |
| 48757 | $770 | $900 | $1,100 | $1,440 | $1,610 | +$70 (+6.8%) | 4% below |
| 48768 | $710 | $840 | $1,010 | $1,350 | $1,540 | +$40 (+4.1%) | 11% below |
| 48807 | $880 | $920 | $1,150 | $1,470 | $1,520 | +$130 (+12.7%) | 1% above |
| 48831 | $880 | $920 | $1,150 | $1,470 | $1,520 | +$130 (+12.7%) | 1% above |
| 48841 | $830 | $880 | $1,150 | $1,520 | $1,680 | +$30 (+2.7%) | 1% above |
| 48867 | $760 | $800 | $1,040 | $1,400 | $1,580 | +$10 (+1.0%) | 9% below |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.