FMR is near market; voucher and private rents are aligned.
0.93
1 BR
1 BR
0.83ratio
FMR$1,010
Market$1,220
vs market-$210
FMR is below market; voucher rent may lag private rents.
0.83
2 BR
2 BR
0.86ratio
FMR$1,160
Market$1,350
vs market-$190
FMR is below market; voucher rent may lag private rents.
0.86
3 BR
3 BR
0.83ratio
FMR$1,550
Market$1,870
vs market-$320
FMR is below market; voucher rent may lag private rents.
0.83
4 BR
4 BR
0.74ratio
FMR$1,640
Market$2,230
vs market-$590
FMR is below market; voucher rent may lag private rents.
0.74
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
--
ZIP 49005 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 49005 (Kalamazoo, MI) is $1,160 a month. That is unchanged from FY 2026. Kalamazoo is in the Kalamazoo-Portage, MI MSA. 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 $1,158. Among 33 ZIP codes in Kalamazoo County, 49005 is tied for the 14th-highest two-bedroom rent (county range $1,050–$1,430). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 49005 is 7% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 49005
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$840
$890
+6.0%
$801–$979
1BR
$1,000
$1,010
+1.0%
$909–$1,111
2BR
$1,160
$1,160
0.0%
$1,044–$1,276
3BR
$1,530
$1,550
+1.3%
$1,395–$1,705
4BR
$1,570
$1,640
+4.5%
$1,476–$1,804
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 49005
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$890
$1,010
$1,160
$1,550
$1,640
FY 2026
$840
$1,000
$1,160
$1,530
$1,570
FY 2025
$830
$990
$1,180
$1,560
$1,670
FY 2024
$730
$880
$1,060
$1,420
$1,490
FY 2023
$730
$860
$1,050
$1,380
$1,510
Two-bedroom rent in nearby Kalamazoo County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 49005?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,158, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,042 to $1,274 a month; under the ZIP-level Small Area FMR of $1,160 it would be $1,044 to $1,276. 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 ZIP 49005 in?
ZIP 49005 is in the Kalamazoo-Portage, MI MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,158.
How much did fair market rent change in ZIP 49005 for FY 2027?
The two-bedroom FMR was unchanged at $1,160 in FY 2027. Since FY 2023 it has risen 10.5%.
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