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Ottawa County/Fruitport/49415

49415

ZIPSAFMR
Ottawa County, MI
Zillow

ZIP Investment Score

85Below average

095130300
BRFMR
Eff. Rent
0 BR$1,060$1,170
1 BR$1,200$1,320
2 BR$1,450$1,600
3 BR$1,740$1,910
4 BR$2,040$2,240
5 BR$2,346Not available
6 BR$2,698Not available
7 BR$3,103Not available
8 BR$3,568Not available

Purchase Price Calculator

Maximum purchase price
$175,843

Cost breakdown

+Likely effective rent$1,600
HUD FMR$1,450
Market rent$1,900
Est. payment standard (110%)Used$1,600
-Principal and interest-$889
Loan amount$140,674
Down payment$35,169
Rate6.50%
Term30 years
-Operating costs-$511
Property taxes-$176
Insurance-$175
Utilities$0
HOA$0
Management-$160
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,761(73.2% ROI)
Projected value
$189,364
Return breakdown
Property appreciation+$13,521
Loan principal paid down+$5,040
Rental cash flow+$7,200
5-year hold
+$44,095(125.4% ROI)
Projected value
$198,950
Return breakdown
Property appreciation+$23,107
Loan principal paid down+$8,988
Rental cash flow+$12,000
10-year hold
+$94,667(269.2% ROI)
Projected value
$225,094
Return breakdown
Property appreciation+$49,251
Loan principal paid down+$21,416
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.57
1 BR
0.69
2 BR
0.76
3 BR
0.78
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 49415 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 49415 (Fruitport, MI) is $1,450 a month. That is up 2.8% from $1,410 in FY 2026. Fruitport is in the Holland-Grand Haven, 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 $1,546. Among 28 ZIP codes in Ottawa County, 49415 has the 20th-highest two-bedroom rent (county range $1,370–$1,790). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 49415 is 34% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 49415
BedroomsFY 2027Change90–110% range
Studio$1,060+8.2%$954–$1,166
1BR$1,200+11.1%$1,080–$1,320
2BR$1,450+2.8%$1,305–$1,595
3BR$1,740+2.4%$1,566–$1,914
4BR$2,040+8.5%$1,836–$2,244

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 49415
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,060$1,200$1,450$1,740$2,040
FY 2026$980$1,080$1,410$1,700$1,880
FY 2025$910$1,010$1,310$1,610$1,750
FY 2024$820$920$1,120$1,400$1,500
FY 2023$740$830$1,070$1,350$1,440

Two-bedroom rent in nearby Ottawa County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 49415
49401$1,700+17.2%
49403$1,380−4.8%
49404$1,370−5.5%
49409$1,590+9.7%
49415Current$1,450—
49417$1,480+2.1%
49418$1,670+15.2%
49422$1,550+6.9%
49423$1,530+5.5%
49424$1,530+5.5%
49426$1,660+14.5%
49428$1,620+11.7%

Questions about ZIP 49415 rents

How much will Section 8 pay for a two-bedroom in ZIP 49415?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,546, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,391 to $1,701 a month; under the ZIP-level Small Area FMR of $1,450 it would be $1,305 to $1,595. 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 49415 in?

ZIP 49415 is in the Holland-Grand Haven, MI HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,546.

How much did fair market rent change in ZIP 49415 for FY 2027?

The two-bedroom FMR rose 2.8%, from $1,410 in FY 2026 to $1,450 in FY 2027. Since FY 2023 it has risen 35.5%.

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

County fair market rentFruitport, MI fair market rentMI statewide rentsWhat is SAFMR?Data sources