Section 8 Fair Market Rent (FMR) for ZIP 49501 - 2027

FY 2027 Fair Market Rent Rates

0 Total Population indicates that ZIP 49501 in Grand Rapids, MI, does not have a residential population. This is due to the fact that it primarily houses the Grand Rapids Processing & Distribution Center on Michigan St NW, which handles mail operations for the wider metro area.

$0 Home Value reflects the absence of residential property values within the ZIP code, making traditional housing metrics irrelevant.

$0 Household Income underscores the lack of residential data available for ZIP 49501, suggesting that any investment analysis must consider the broader context of Grand Rapids and Kent County.

34 Total Businesses highlight the commercial activity within ZIP 49501, though it's important to note that this does not include residential properties.

$1370 Fair Market Rent (FMR) for ZIP 49501 in fiscal year 2024 provides insight into rental costs in the immediate vicinity of the ZIP code, even if it doesn't contain residential units itself. This figure can be used as a benchmark for rental pricing in the surrounding areas.

N/A median home value, market rent, median income, days on market (DOM), and price-cut share indicate that the data for these metrics are not applicable to ZIP 49501, likely because it lacks residential properties.

Given the unique nature of ZIP 49501, with its focus on commercial and postal infrastructure rather than residential units, the Section 8 program's impact is minimal. Investors should look beyond this specific ZIP code for residential investment opportunities in Grand Rapids, MI.

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.