Section 8 Fair Market Rent (FMR) for ZIP 49005 - 2027

FY 2027 Fair Market Rent Rates

The data provided does not fully cover all aspects required for a comprehensive analysis of ZIP 49005 within a Section 8 portfolio strategy. However, based on the available information, we can infer that ZIP 49005, located in the Kalamazoo-Portage, MI MSA, should be considered a cash-flow anchor.

The Federal Market Rent (FMR) for ZIP 49005 in fiscal year 2024 is set at $1060. While the market rent and median home value are not provided, the absence of these figures suggests limited volatility in the local rental market, making it a stable cash-flow generator.

A cash-flow anchor is essential for any investment portfolio, particularly when dealing with government-assisted housing programs such as Section 8. These properties provide a steady stream of income with minimal risk, ensuring that your portfolio remains financially sound even if other investments experience downturns.

The median days on market (DOM) data, while not specifically for ZIP 49005, indicates that the broader Kalamazoo-Portage area has a relatively high DOM, ranging from 45 to 82 days over the past few months. This suggests a slower-moving market, which could mean fewer opportunities for quick appreciation plays but also less risk of sudden price drops.

In conclusion, ZIP 49005 serves as a reliable cash-flow anchor due to its stable FMR and the lack of significant market fluctuations, which is crucial for maintaining a balanced and secure Section 8 portfolio.

Data Sources: FMR data from HUD (2027).

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.