Location: Montcalm County, MI | Metro: Montcalm County, MI HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,250 | $220,495 | 0.57% | F |
| 3BR | $1,530 | $247,411 | 0.62% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 48888, Stanton, Michigan, in fiscal year 2024 is set at $980. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, also known as the Housing Choice Voucher Program. It is important to note that this is not the amount you will receive as rent; rather, it is a benchmark used by the government to determine reasonable rental rates.
In comparison, the average rent in Stanton, according to the latest Census American Community Survey (ACS), is $897. This suggests that the FMR is slightly higher than the market rate, which could be beneficial for landlords participating in the Section 8 program as they might receive a higher rent reimbursement than the typical market rate.
With a renter share of 19.5%, there is a significant demand for affordable housing in Stanton. This percentage indicates that nearly one-fifth of households in the area are renters, and many of these may qualify for the Section 8 program. The demand for affordable rentals could mean steady occupancy for your property if you decide to participate in Section 8.
If you're looking to acquire a new rental property in Stanton, the median home value is approximately $219,411. This figure gives you an idea of the investment required to enter the local rental market. While this might seem like a substantial upfront cost, the long-term benefits of stable income through the Section 8 program can outweigh initial expenses.
Before proceeding with a Section 8 rental, ensure that your property meets all the necessary housing quality standards set by the program. These standards cover various aspects such as safety, cleanliness, and overall condition. Failure to meet these criteria can result in penalties or loss of participation in the program.
In summary, the FMR of $980 in Stanton, Michigan, provides a clear guideline for the maximum rent you can charge under Section 8. Given the local average rent of $897 and a 19.5% renter share, there is a good chance of attracting tenants who benefit from the program. With an acquisition cost around $219,411, you should verify that your property complies with the housing quality standards to avoid any issues down the line.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.