FMR is below market; voucher rent may lag private rents.
0.72
1 BR
1 BR- 49316
0.76ratio
FMR$1,500
Market$1,970
vs market-$470
FMR is below market; voucher rent may lag private rents.
0.76
2 BR
2 BR- 49316
0.85ratio
FMR$1,810
Market$2,130
vs market-$320
FMR is below market; voucher rent may lag private rents.
0.85
3 BR
3 BR- 49316
1.00ratio
FMR$2,330
Market$2,320
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.00
4 BR
4 BR- 49316
1.09ratio
FMR$2,680
Market$2,470
vs market+$210
FMR is near market; voucher and private rents are aligned.
1.09
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
--
Caledonia, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Caledonia, MI is $1,810 a month. That is up 5.2% from $1,720 in FY 2026. Caledonia 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 Caledonia is 67% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Caledonia, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,370
$1,440
+5.1%
$1,296–$1,584
1BR
$1,420
$1,500
+5.6%
$1,350–$1,650
2BR
$1,720
$1,810
+5.2%
$1,629–$1,991
3BR
$2,220
$2,330
+5.0%
$2,097–$2,563
4BR
$2,460
$2,680
+8.9%
$2,412–$2,948
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Caledonia, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,440
$1,500
$1,810
$2,330
$2,680
FY 2026
$1,370
$1,420
$1,720
$2,220
$2,460
FY 2025
$1,310
$1,350
$1,640
$2,130
$2,320
FY 2024
$1,300
$1,360
$1,630
$2,130
$2,340
FY 2023
$1,260
$1,330
$1,600
$2,080
$2,330
Questions about Caledonia, MI rents
How much will Section 8 pay for a two-bedroom in Caledonia, 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 $1,810 it would be $1,629 to $1,991. 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 Caledonia, MI in?
Caledonia, 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 Caledonia, MI for FY 2027?
The two-bedroom FMR rose 5.2%, from $1,720 in FY 2026 to $1,810 in FY 2027. Since FY 2023 it has risen 13.1%.
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