Location: Holland-Grand Haven, MI | Metro: Holland-Grand Haven, MI HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,080 |
| 1 Bedroom | $1,360 |
| 2 Bedrooms | $1,550 |
| 3 Bedrooms | $1,950 |
| 4 Bedrooms | $2,310 |
| 5 Bedrooms | $2,680 |
| 6 Bedrooms | $3,002 |
| 7 Bedrooms | $3,242 |
| 8 Bedrooms | $3,404 |
ZIP code 49429 is positioned within the Holland-Grand Haven, MI HUD Metro FMR Area. For fiscal year 2024, the Fair Market Rent (FMR) for a two-bedroom unit in ZIP 49429 is set at $1260. However, the specific market rent and home value data for ZIP 49429 are currently unavailable.
Comparing ZIP 49429 to typical ZIP codes within the Holland-Grand Haven metro, we can infer that it likely falls into the mid-tier neighborhood category. The metro area's average two-bedroom FMR is also $1260, indicating that ZIP 49429 aligns closely with the broader market trends in terms of rental prices. Given the lack of specific market rent and home value data, it is difficult to classify 49429 as either a value pocket or a premium sub-market within the metro.
The absence of precise home value and renter share data means that we cannot definitively conclude whether ZIP 49429 offers a unique opportunity within the Holland-Grand Haven market. Typically, a high renter share coupled with below-average home values could signal a Section 8 sweet spot, but without these figures, such an inference remains speculative.
To make a more informed decision, landlords and small-portfolio investors should consult local real estate agents or conduct further research to obtain detailed market-specific data for ZIP 49429.
Data Sources: FMR data from HUD (2027).
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.