Section 8 Fair Market Rent (FMR) for ZIP 49409 - 2027

Location: Holland-Grand Haven, MI | Metro: Holland-Grand Haven, MI HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,110
1 Bedroom	$1,380
2 Bedrooms	$1,590
3 Bedrooms	$1,990
4 Bedrooms	$2,350
5 Bedrooms	$2,726
6 Bedrooms	$3,053
7 Bedrooms	$3,297
8 Bedrooms	$3,462

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 49409, located in Michigan, is characterized by its low density of rental properties and a strong preference among residents for homeownership. This area offers a unique investment opportunity, particularly for those interested in the long-term stability and potential appreciation of property values.

Fair Market Rent (FMR): The Fair Market Rent for ZIP 49409 in fiscal year 2024 is set at $1260, indicating the average cost for a two-bedroom apartment in the region.
Rental Market: The market rent for the area is currently not available, suggesting a limited supply of rental units or that rental data is sparse due to the high rate of homeownership.
Home Values: The median home value is not available, which might imply a lack of recent sales data or that the area primarily consists of owner-occupied homes rather than frequent transactions.
Renter Share: Only 0.0% of the population in ZIP 49409 are renters, pointing to a community where the majority of residents own their homes.
Days on Market (DOM): The average days on market for listings is not available, which could be due to the infrequent turnover of residential properties in the area.
Median Income: The median income figure for the area is not available, making it challenging to assess the economic health of the community without additional research.

Given the scarcity of rental properties and the dominance of homeownership in ZIP 49409, investing in this market should focus on long-term appreciation rather than short-term rental yields. The Fair Market Rent provides a benchmark for potential rental income, but the limited rental market suggests that buying properties for resale or holding them for capital gains may be more viable strategies. Landlords and small-portfolio investors should conduct further research to understand the local economy and housing trends, especially given the absence of key data points such as median home value and median income.

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.