FMR is below market; voucher rent may lag private rents.
0.55
1 BR
1 BR
0.70ratio
FMR$1,310
Market$1,870
vs market-$560
FMR is below market; voucher rent may lag private rents.
0.70
2 BR
2 BR
0.80ratio
FMR$1,530
Market$1,910
vs market-$380
FMR is below market; voucher rent may lag private rents.
0.80
3 BR
3 BR
0.88ratio
FMR$1,920
Market$2,190
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.88
4 BR
4 BR
0.97ratio
FMR$2,270
Market$2,350
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.97
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 49434 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 49434 (Macatawa, MI) is $1,530 a month. That is up 2.7% from $1,490 in FY 2026. Macatawa 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, 49434 is tied for the 14th-highest two-bedroom rent (county range $1,370–$1,790). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 49434 is 41% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 49434
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,040
$1,090
+4.8%
$981–$1,199
1BR
$1,270
$1,310
+3.1%
$1,179–$1,441
2BR
$1,490
$1,530
+2.7%
$1,377–$1,683
3BR
$1,880
$1,920
+2.1%
$1,728–$2,112
4BR
$2,180
$2,270
+4.1%
$2,043–$2,497
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 49434
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,090
$1,310
$1,530
$1,920
$2,270
FY 2026
$1,040
$1,270
$1,490
$1,880
$2,180
FY 2025
$940
$1,140
$1,320
$1,700
$1,900
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 Ottawa County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 49434?
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 $1,530 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 49434 in?
ZIP 49434 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 49434 for FY 2027?
The two-bedroom FMR rose 2.7%, from $1,490 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