Section 8 Fair Market Rent (FMR) for ZIP 49435 - 2027

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

Investment Score for ZIP 49435

N/A

Monthly Rent (2BR)

$1,380

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	$1,110
1 Bedroom	$1,200
2 Bedrooms	$1,380
3 Bedrooms	$1,790
4 Bedrooms	$2,040
5 Bedrooms	$2,366
6 Bedrooms	$2,650
7 Bedrooms	$2,862
8 Bedrooms	$3,005

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	$1,790	$402,783	0.44%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,831

Median Household Income

$103,432

Housing Units

1,427

Renter Percentage

6.8%

Occupancy Rate

90.5%

Renter Occupied

The ZIP code 49435, located in Kentwood, Michigan, offers a stable rental market with opportunities for both landlords and small-portfolio investors. The area is characterized by a mix of residential neighborhoods and suburban settings, providing a comfortable living environment for its residents.

The Fair Market Rent (FMR) for ZIP 49435 in fiscal year 2024 is set at $1,200, indicating a solid baseline for rental pricing.
The average market rent for the area, as per the latest Census American Community Survey (ACS), stands at $1,084, slightly below the FMR but still offering competitive returns on investment.
The median home value in ZIP 49435 is $416,282, reflecting a middle-class neighborhood where homeownership is prevalent.
Renters make up only 6.8% of the total housing units, suggesting a lower demand for rentals compared to owner-occupied homes.
The median income in the area is $103,432, which is above the national average and supports a robust economy capable of sustaining higher rents.
The Days on Market (DOM) for rental properties is listed as N/A, possibly due to limited recent data, but the overall economic health of the area suggests a steady demand for rentals.

In summary, ZIP 49435 presents a moderate rental market with strong potential for steady returns. Despite the relatively low percentage of renters, the high median income and solid median home values indicate that the area can support rental properties priced close to the FMR. Investors should focus on maintaining competitive rental rates and ensuring their properties meet the expectations of middle-income tenants to maximize occupancy and profitability.

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.