Section 8 Fair Market Rent (FMR) for ZIP 49733 - 2027

Location: Otsego County, MI | Metro: Crawford County, MI

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$770
1 Bedroom	$830
2 Bedrooms	$1,050
3 Bedrooms	$1,310
4 Bedrooms	$1,480
5 Bedrooms	$1,717
6 Bedrooms	$1,923
7 Bedrooms	$2,077
8 Bedrooms	$2,181

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,997

Median Household Income

$66,318

Housing Units

1,548

Renter Percentage

10.8%

Occupancy Rate

56.1%

Renter Occupied

The ZIP code 49733, located in the heart of West Michigan, offers a stable and growing real estate market for both landlords and small-portfolio investors. Nestled in a region known for its scenic beauty and strong local economy, this area provides a mix of suburban living and easy access to urban amenities.

Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,020. This figure represents the benchmark for rental pricing in the region and can be used to guide setting rents for properties.
The market rent based on Census ACS data stands at $890 per month. This indicates that there is potential for increasing rents towards the FMR level without alienating tenants.
The median home value in the area is $196,273. This makes it an attractive location for investment, especially considering the relatively lower property values compared to larger metropolitan areas.
Renters make up 10.8% of the housing market in ZIP 49733. This suggests a smaller but still significant demand for rental properties, indicating that the area has room for growth in the rental sector.
The median income for residents is $66,318. This economic stability supports a consistent tenant base capable of paying higher rents as they approach the FMR levels.
Days on Market (DOM) data is currently unavailable. However, the other indicators suggest a healthy market where properties should sell or lease within a reasonable timeframe.

In summary, ZIP 49733 presents a balanced opportunity for real estate investment. With a median home value significantly below the FMR and a stable median income, there is a clear path for landlords and small-portfolio investors to achieve positive returns. The current market rent is below the FMR, offering a chance to increase rental prices gradually while maintaining affordability for tenants. Despite the lack of DOM data, the overall health of the market points to successful property management and investment strategies being viable in this area.

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.