Section 8 Fair Market Rent (FMR) for ZIP 49067 - 2027

Location: Van Buren County, MI | Metro: Cass County, MI HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$840
1 Bedroom	$930
2 Bedrooms	$1,090
3 Bedrooms	$1,400
4 Bedrooms	$1,730
5 Bedrooms	$2,007
6 Bedrooms	$2,248
7 Bedrooms	$2,428
8 Bedrooms	$2,549

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,974

Median Household Income

$74,583

Housing Units

1,947

Renter Percentage

15.0%

Occupancy Rate

83.4%

Renter Occupied

244

Housing Authorities Serving ZIP 49067

Dowagiac Housing Commission (Dowagiac, MI) - 132 Section 8 vouchers
South Haven Housing Commission (South Haven, MI)
Sturgis Housing Commission (Sturgis, MI)
Bangor Housing Commission (Bangor, MI)
Covert Public Housing Commission (Covert, MI)
Paw Paw Housing Commission (Paw Paw, MI)

The ZIP code 49067, located in Michigan, offers a stable real estate market with a mix of rental and homeownership opportunities. This area is particularly interesting for Section 8 real-estate analysts due to its specific characteristics that can influence investment decisions.

Fair Market Rent (FMR): The FMR for ZIP 49067 is set at $1050 for fiscal year 2024, indicating a reasonable baseline for rental properties in the area.
Market Rent: According to the Census ACS, the average market rent is $881, suggesting that properties priced at or near the FMR could be slightly above the local average, potentially attracting tenants who qualify for Section 8 assistance.
Median Home Value: The median home value in the area is $246,516, which is relatively modest and can appeal to first-time buyers and investors looking for affordable entry points.
Renter Share: With 15.0% of residents being renters, there is a significant but not overwhelming demand for rental properties, making it a balanced market for both landlords and homeowners.
Days on Market (DOM): The data does not provide a specific day DOM figure, which might imply a steady market where properties sell within a typical timeframe without excessive delays.
Median Income: The median household income in ZIP 49067 is $74,583, providing insight into the financial capabilities of potential tenants and buyers, and supporting the viability of rental and homeownership options.

Investors considering Section 8 properties in ZIP 49067 should note the favorable FMR relative to market rents, which suggests a good opportunity for subsidized rentals. The median home value indicates a cost-effective area for property acquisition, while the 15.0% renter share points to a moderate demand for rentals, balancing risk. The absence of a specific DOM figure implies a healthy sales pace, reducing holding costs. Given these factors, ZIP 49067 presents a solid investment opportunity for those focused on Section 8 housing, with potential for both rental income and property appreciation.

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.