Section 8 Fair Market Rent (FMR) for ZIP 49029 - 2027

Location: Battle Creek, MI | Metro: Battle Creek, MI MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$760
1 Bedroom	$910
2 Bedrooms	$1,090
3 Bedrooms	$1,300
4 Bedrooms	$1,460
5 Bedrooms	$1,694
6 Bedrooms	$1,897
7 Bedrooms	$2,049
8 Bedrooms	$2,151

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,415

Median Household Income

$75,188

Housing Units

708

Renter Percentage

9.6%

Occupancy Rate

83.5%

Renter Occupied

The median income in ZIP code 49029 stands at $75,188, which places it within a moderate income bracket. The market rate for rent is pegged at $1,000 according to recent Census ACS data. This figure represents approximately 13.3% of the median household income, making it a significant portion of monthly earnings for residents.

When comparing the market rate to the Federal Market Rate (FMR) of $910 for ZIP 49029 in fiscal year 2024, we see that the voucher payment standard is slightly below the market rate. This means that tenants relying on vouchers might find it challenging to secure housing that meets their needs, especially if landlords are hesitant to accept a payment that is lower than the going market rate.

Given that only 9.6% of the 1,415 population are renters, the competition among landlords is likely to be fierce. Landlords must consider the affordability gap when setting their rental prices. If the gap between the FMR and the market rate widens, fewer voucher holders will be able to afford the available rentals, potentially leading to a decrease in demand for properties priced above the FMR.

Takeaway for landlords:

Accepting vouchers can be a strategic move to fill vacancies in a market where only a small percentage of the population are renters.
However, landlords should also weigh the benefits of higher cash-paying rents against the security and stability often associated with voucher programs.
The decision should balance the immediate financial gain with long-term occupancy rates and tenant satisfaction.

Landlords in ZIP 49029 need to carefully evaluate their options and possibly offer competitive pricing to attract both voucher and cash-paying tenants. This approach can help maintain steady occupancy and income levels amidst the challenging rental landscape.

Data Sources: FMR data from HUD (2027). 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.