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49314

ZIPFMR
Allegan County, MI
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$984$984
1 BR$991$991
2 BR$1,296$1,296
3 BR$1,586$1,586
4 BR$1,862$1,862
5 BR$2,141Not available
6 BR$2,462Not available
7 BR$2,832Not available
8 BR$3,257Not available

Purchase Price Calculator

Maximum purchase price
$130,669

Cost breakdown

+Likely effective rent$1,296
HUD FMRUsed$1,296
Market rentN/A
Est. payment standardN/A
-Principal and interest-$661
Loan amount$104,535
Down payment$26,134
Rate6.50%
Term30 years
-Operating costs-$435
Property taxes-$131
Insurance-$175
Utilities$0
HOA$0
Management-$130
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,992(80.3% ROI)
Projected value
$140,716
Return breakdown
Property appreciation+$10,047
Loan principal paid down+$3,745
Rental cash flow+$7,200
5-year hold
+$35,850(137.2% ROI)
Projected value
$147,839
Return breakdown
Property appreciation+$17,171
Loan principal paid down+$6,679
Rental cash flow+$12,000
10-year hold
+$76,513(292.8% ROI)
Projected value
$167,267
Return breakdown
Property appreciation+$36,598
Loan principal paid down+$15,914
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 49314 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 49314 (Burnips, MI) is $1,296 a month. That is up 2.3% from $1,267 in FY 2026. Burnips is in the Allegan County, MI non-metropolitan FMR area. One county-wide FMR applies to every ZIP code in it. The median county two-bedroom FMR in Michigan is $1,085, so ZIP 49314 is 19% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 49314
BedroomsFY 2027Change90–110% range
Studio$984+2.6%$886–$1,082
1BR$991+2.6%$892–$1,090
2BR$1,296+2.3%$1,166–$1,426
3BR$1,586+0.2%$1,427–$1,745
4BR$1,862+5.7%$1,676–$2,048

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 49314
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$984$991$1,296$1,586$1,862
FY 2026$959$966$1,267$1,583$1,761
FY 2025$846$851$1,111$1,416$1,496
FY 2024$832$838$1,101$1,427$1,466
FY 2023$734$738$972$1,254$1,306

Questions about ZIP 49314 rents

How much will Section 8 pay for a two-bedroom in ZIP 49314?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,296, that basic range is $1,166 to $1,426 a month. 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 49314 in?

ZIP 49314 is in the Allegan County, MI non-metropolitan FMR area.

How much did fair market rent change in ZIP 49314 for FY 2027?

The two-bedroom FMR rose 2.3%, from $1,267 in FY 2026 to $1,296 in FY 2027. Since FY 2023 it has risen 33.3%.

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 Fair Market Rents. 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