FMR is near market; voucher and private rents are aligned.
0.94
1 BR
1 BR- 49307
0.99ratio
FMR$870
Market$880
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
2 BR
2 BR- 49307
0.84ratio
FMR$1,080
Market$1,280
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.84
3 BR
3 BR- 49307
0.94ratio
FMR$1,350
Market$1,440
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.94
4 BR
4 BR- 49307
1.06ratio
FMR$1,660
Market$1,560
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.06
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
--
Big Rapids, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Big Rapids, MI is $1,080 a month. That is up 6.9% from $1,010 in FY 2026. Big Rapids is in the Newaygo County, MI non-metropolitan 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 county-wide two-bedroom FMR of $1,028.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Big Rapids, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$710
$770
+8.5%
$693–$847
1BR
$790
$870
+10.1%
$783–$957
2BR
$1,010
$1,080
+6.9%
$972–$1,188
3BR
$1,290
$1,350
+4.7%
$1,215–$1,485
4BR
$1,430
$1,660
+16.1%
$1,494–$1,826
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Big Rapids, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$770
$870
$1,080
$1,350
$1,660
FY 2026
$710
$790
$1,010
$1,290
$1,430
FY 2025
$660
$760
$940
$1,200
$1,330
FY 2024area FMR
$630
$708
$930
$1,211
$1,295
FY 2023area FMR
$578
$656
$864
$1,087
$1,195
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Big Rapids, MI rents
How much will Section 8 pay for a two-bedroom in Big Rapids, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,028, which applies unless the housing authority uses Small Area FMRs, that basic range is $925 to $1,131 a month; under the ZIP-level Small Area FMR of $1,080 it would be $972 to $1,188. 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 Big Rapids, MI in?
Big Rapids, MI is in the Newaygo County, MI non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,028.
How much did fair market rent change in Big Rapids, MI for FY 2027?
The two-bedroom FMR rose 6.9%, from $1,010 in FY 2026 to $1,080 in FY 2027. Since FY 2025 it has risen 14.9%.
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