Section 8 Fair Market Rent (FMR) for ZIP 49510 - 2027

FY 2027 Fair Market Rent Rates

The Fair Market Rent (FMR) for ZIP code 49510 in fiscal year 2024 is set at $1370. This figure represents the maximum amount that the U.S. Department of Housing and Urban Development (HUD) will pay towards a tenant's rent under the Section 8 program. It does not represent the actual rent you can charge your tenants, but rather the benchmark HUD uses to determine the subsidy level.

In ZIP 49510, the FMR of $1370 provides insight into the rental market dynamics. While the median rent for the area is listed as N/A, and the percentage of renters who might be interested in Section 8 housing is also marked as N/A%, these missing figures suggest a need to research local market conditions further. The average property acquisition cost in the area is noted as N/A, which again highlights the importance of understanding local property values before making an investment decision.

To make an informed choice about entering the Section 8 rental market in ZIP 49510, you must verify the condition and location of the property you intend to rent. Ensure it meets HUD's minimum property standards, known as the Housing Quality Standards (HQS), which include safety, health, and structural requirements. This step is critical because only properties that pass the HQS inspection are eligible for the Section 8 program.

Investing in a Section 8 rental in ZIP 49510 means you will receive a steady stream of government-subsidized rent payments up to $1370 per month, but the success of your investment hinges on choosing a property that is both desirable to tenants and compliant with HUD regulations.

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.