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Allegan County/Holland/49423

49423

ZIPSAFMR
Allegan County, MI
Zillow

ZIP Investment Score

84Below average

095130300
BRFMR
Eff. Rent
0 BR$1,100$1,210
1 BR$1,290$1,340
2 BR$1,530$1,620
3 BR$1,910$2,080
4 BR$2,260$2,290
5 BR$2,599Not available
6 BR$2,989Not available
7 BR$3,437Not available
8 BR$3,953Not available

Purchase Price Calculator

Maximum purchase price
$178,815

Cost breakdown

+Likely effective rent$1,620
HUD FMR$1,530
Market rent$1,670
Est. payment standard (106%)Used$1,620
-Principal and interest-$904
Loan amount$143,052
Down payment$35,763
Rate6.50%
Term30 years
-Operating costs-$516
Property taxes-$179
Insurance-$175
Utilities$0
HOA$0
Management-$162
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,074(72.9% ROI)
Projected value
$192,564
Return breakdown
Property appreciation+$13,749
Loan principal paid down+$5,125
Rental cash flow+$7,200
5-year hold
+$44,637(124.8% ROI)
Projected value
$202,313
Return breakdown
Property appreciation+$23,498
Loan principal paid down+$9,140
Rental cash flow+$12,000
10-year hold
+$95,861(268.0% ROI)
Projected value
$228,898
Return breakdown
Property appreciation+$50,083
Loan principal paid down+$21,778
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.77
1 BR
0.94
2 BR
0.92
3 BR
0.88
4 BR
0.98
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 49423 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 49423 (Holland, MI) is $1,530 a month. That is up 3.4% from $1,480 in FY 2026. Holland is in the Allegan 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 $1,296. Among 25 ZIP codes in Allegan County, 49423 is tied for the 6th-highest two-bedroom rent (county range $1,150–$1,810). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 49423 is 41% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 49423
BedroomsFY 2027Change90–110% range
Studio$1,100+4.8%$990–$1,210
1BR$1,290+4.0%$1,161–$1,419
2BR$1,530+3.4%$1,377–$1,683
3BR$1,910+2.1%$1,719–$2,101
4BR$2,260+5.1%$2,034–$2,486

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 49423
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,100$1,290$1,530$1,910$2,260
FY 2026$1,050$1,240$1,480$1,870$2,150
FY 2025$940$1,110$1,310$1,680$1,870
FY 2024$940$1,120$1,270$1,680$1,790
FY 2023$890$1,000$1,130$1,510$1,560

Two-bedroom rent in nearby Allegan County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 49423
49335$1,430−6.5%
49344$1,590+3.9%
49348$1,400−8.5%
49406$1,150−24.8%
49408$1,150−24.8%
49419$1,430−6.5%
49423Current$1,530—
49426$1,660+8.5%
49434$1,5300.0%
49450$1,410−7.8%
49453$1,150−24.8%
49464$1,370−10.5%

Questions about ZIP 49423 rents

How much will Section 8 pay for a two-bedroom in ZIP 49423?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,296, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,166 to $1,426 a month; under the ZIP-level Small Area FMR of $1,530 it would be $1,377 to $1,683. 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 49423 in?

ZIP 49423 is in the Allegan County, MI non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,296.

How much did fair market rent change in ZIP 49423 for FY 2027?

The two-bedroom FMR rose 3.4%, from $1,480 in FY 2026 to $1,530 in FY 2027. Since FY 2023 it has risen 35.4%.

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