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Ada, MI

CitySAFMR
Kent County
Found 1 ZIP

City Median Investment Score

65Below average

095130300
BRFMR
Eff. Rent
0 BR$1,960$2,000
1 BR$2,050$2,060
2 BR$2,450$2,370
3 BR$3,180$2,410
4 BR$3,630$2,620
5 BR$4,175Not available
6 BR$4,801Not available
7 BR$5,521Not available
8 BR$6,349Not available

Purchase Price Calculator

Maximum purchase price
$290,265

Cost breakdown

+Likely effective rent$2,370
HUD FMR$2,450
Market rentUsed$2,370
Est. payment standard (98%)$2,400
-Principal and interest-$1,468
Loan amount$232,212
Down payment$58,053
Rate6.50%
Term30 years
-Operating costs-$702
Property taxes-$290
Insurance-$175
Utilities$0
HOA$0
Management-$237
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,838(65.2% ROI)
Projected value
$312,583
Return breakdown
Property appreciation+$22,319
Loan principal paid down+$8,320
Rental cash flow+$7,200
5-year hold
+$64,979(111.9% ROI)
Projected value
$328,408
Return breakdown
Property appreciation+$38,143
Loan principal paid down+$14,836
Rental cash flow+$12,000
10-year hold
+$140,650(242.3% ROI)
Projected value
$371,563
Return breakdown
Property appreciation+$81,299
Loan principal paid down+$35,352
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.97
1 BR
0.99
2 BR
1.03
3 BR
1.32
4 BR
1.39
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Ada, MI fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Ada, MI is $2,450 a month. That is up 6.5% from $2,300 in FY 2026. Ada is in the Grand Rapids-Wyoming, MI HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,630. The median county two-bedroom FMR in Michigan is $1,085, so Ada is 126% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Ada, MI
BedroomsFY 2027Change90–110% range
Studio$1,960+5.9%$1,764–$2,156
1BR$2,050+6.8%$1,845–$2,255
2BR$2,450+6.5%$2,205–$2,695
3BR$3,180+7.1%$2,862–$3,498
4BR$3,630+10.3%$3,267–$3,993

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Ada, MI
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,960$2,050$2,450$3,180$3,630
FY 2026$1,850$1,920$2,300$2,970$3,290
FY 2025$1,740$1,810$2,160$2,810$3,080
FY 2024$1,640$1,710$2,050$2,670$2,940
FY 2023$1,570$1,650$1,990$2,590$2,890

Questions about Ada, MI rents

How much will Section 8 pay for a two-bedroom in Ada, MI?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,630, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,467 to $1,793 a month; under the ZIP-level Small Area FMR of $2,450 it would be $2,205 to $2,695. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Ada, MI in?

Ada, MI is in the Grand Rapids-Wyoming, MI HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,630.

How much did fair market rent change in Ada, MI for FY 2027?

The two-bedroom FMR rose 6.5%, from $2,300 in FY 2026 to $2,450 in FY 2027. Since FY 2023 it has risen 23.1%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set