Location: Antrim County, MI | Metro: Grand Traverse County, MI HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,210 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $1,940 |
| 4 Bedrooms | $2,000 |
| 5 Bedrooms | $2,320 |
| 6 Bedrooms | $2,598 |
| 7 Bedrooms | $2,806 |
| 8 Bedrooms | $2,946 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,480 | $364,468 | 0.41% | F |
| 3BR | $1,940 | $494,654 | 0.39% | F |
| 4BR | $2,000 | $691,904 | 0.29% | F |
| 5BR | $2,320 | $959,387 | 0.24% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 49690, Williamsburg, MI, is set at $1,420 for the metro area fiscal year 2026. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, meaning that if you participate in this program, the government will pay up to this amount per month towards the rent of eligible tenants.
To put this into perspective, the average rent in Williamsburg, MI, based on Census American Community Survey (ACS) data, is $1,341. Therefore, the FMR under Section 8 is slightly higher, which can be beneficial for landlords looking to cover their costs and earn a stable income.
The demand for rental properties in Williamsburg is relatively strong, with 8.2% of the population being renters. This indicates a healthy market where there are enough potential tenants to fill your units, particularly those who might qualify for Section 8 assistance.
If you're considering purchasing a property to serve as a Section 8 rental, an average acquisition cost for a single-family home in the area is around $469,418. This investment, combined with the steady rental income provided by the Section 8 program, can offer a solid financial foundation for your real estate venture.
Before making the decision to accept Section 8 tenants, it's crucial to verify that your property meets the Housing Quality Standards (HQS) required by the program. These standards ensure that the rental unit is safe and habitable for tenants, covering everything from structural integrity to cleanliness. Meeting these criteria is non-negotiable and will be inspected both initially and periodically by the housing authority.
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.