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

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

Investment Score for ZIP 49067

N/A

Monthly Rent (2BR)

$1,090

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,400	$278,825	0.5%	F

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

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). 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.