Location: Van Buren County, MI | Metro: Van Buren County, MI
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 | $790 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,490 | $244,347 | 0.61% | D |
U.S. Census Bureau data (2024)
The analysis of ZIP code 49013 reveals a moderate demand for Section 8 vouchers, given the 23.9% renter population. However, recent data shows that there are no currently open Housing Choice Voucher (HCV) waiting lists in the area. This suggests that landlords may need to focus on project-based voucher (PBV) developments or wait for future openings to attract tenants using Section 8 vouchers.
With an average market rent of $979, typical rents in ZIP 49013 consume about 17.7% of the median household income of $55,349. This percentage is relatively low, indicating that most residents can afford rent without assistance. Nevertheless, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $1,000, which means that landlords can potentially charge slightly more while still being within the voucher limits.
A landlord in ZIP 49013 should expect a tenant profile that includes individuals and families who are likely to be seeking affordable housing options. Given the current situation with no open HCV waiting lists, landlords may need to look into PBV opportunities or prepare for a future increase in voucher availability. Additionally, landlords should be ready to work with tenants whose incomes align closely with the median household income, ensuring that rent remains a manageable portion of their overall budget.
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.