FMR is below market; voucher rent may lag private rents.
0.87
1 BR
1 BR- 49306
0.99ratio
FMR$1,530
Market$1,540
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
2 BR
2 BR- 49306
0.97ratio
FMR$1,830
Market$1,880
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.97
3 BR
3 BR- 49306
1.08ratio
FMR$2,370
Market$2,200
vs market+$170
FMR is near market; voucher and private rents are aligned.
1.08
4 BR
4 BR- 49306
1.22ratio
FMR$2,710
Market$2,220
vs market+$490
FMR is above market; underwrite to market rent.
1.22
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Belmont, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Belmont, MI is $1,830 a month. That is up 5.2% from $1,740 in FY 2026. Belmont 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 Belmont is 69% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Belmont, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,400
$1,460
+4.3%
$1,314–$1,606
1BR
$1,450
$1,530
+5.5%
$1,377–$1,683
2BR
$1,740
$1,830
+5.2%
$1,647–$2,013
3BR
$2,240
$2,370
+5.8%
$2,133–$2,607
4BR
$2,480
$2,710
+9.3%
$2,439–$2,981
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Belmont, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,460
$1,530
$1,830
$2,370
$2,710
FY 2026
$1,400
$1,450
$1,740
$2,240
$2,480
FY 2025
$1,330
$1,380
$1,650
$2,140
$2,350
FY 2024
$1,230
$1,290
$1,540
$2,010
$2,220
FY 2023
$1,170
$1,240
$1,490
$1,940
$2,160
Questions about Belmont, MI rents
How much will Section 8 pay for a two-bedroom in Belmont, 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 $1,830 it would be $1,647 to $2,013. 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 Belmont, MI in?
Belmont, 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 Belmont, MI for FY 2027?
The two-bedroom FMR rose 5.2%, from $1,740 in FY 2026 to $1,830 in FY 2027. Since FY 2023 it has risen 22.8%.
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