Location: Antrim County, MI | Metro: Antrim County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,030 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $2,000 |
| 5 Bedrooms | $2,320 |
| 6 Bedrooms | $2,598 |
| 7 Bedrooms | $2,806 |
| 8 Bedrooms | $2,946 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 49627 in metro FY 2026 is set at $1,360. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, which means the government will pay up to this amount per month towards the rent of eligible tenants. It's important to note that this is not your rent; it's the maximum subsidy amount. Landlords can charge more than the FMR, but the tenant must cover the difference out-of-pocket.
To put this into perspective, the local median rent for ZIP 49627 is currently N/A. While we don't have an exact comparison between the local median rent and the FMR, the data suggests that the demand for affordable housing in this area is significant. The 4.4% renter share indicates that nearly 4.4% of the population in ZIP 49627 relies on rental housing, pointing to a steady demand for properties that fall within the affordability range supported by the Section 8 program.
The acquisition cost for properties in this area is also listed as N/A, which typically refers to the average price or cost of acquiring a rental property. Without this specific figure, it's difficult to provide a direct comparison to the FMR, but it's worth noting that the 4.4% renter share can be indicative of the potential market for Section 8 tenants. If you're considering your first Section 8 rental, ensure that your property meets the Housing Quality Standards (HQS) before proceeding. This verification step is crucial because only properties that pass HQS inspections are eligible for the program.
In summary, with an FMR of $1,360, there is a clear opportunity to serve a segment of the population in ZIP 49627 who need assistance in finding affordable housing. The 4.4% renter share signals a consistent demand for rental units, making Section 8 a viable option for landlords looking to stabilize occupancy rates. However, the success of your investment hinges on ensuring your property complies with the necessary standards.
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.