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Ottawa County/Grand Rapids/49534

49534

ZIPSAFMR
Ottawa County, MI
Zillow

ZIP Investment Score

84Below average

095130300
BRFMR
Eff. Rent
0 BR$1,240$1,360
1 BR$1,360$1,360
2 BR$1,600$1,630
3 BR$2,070$2,020
4 BR$2,380$2,330
5 BR$2,737Not available
6 BR$3,148Not available
7 BR$3,620Not available
8 BR$4,163Not available

Purchase Price Calculator

Maximum purchase price
$180,301

Cost breakdown

+Likely effective rent$1,630
HUD FMR$1,600
Market rent$1,640
Est. payment standard (102%)Used$1,630
-Principal and interest-$912
Loan amount$144,241
Down payment$36,060
Rate6.50%
Term30 years
-Operating costs-$518
Property taxes-$180
Insurance-$175
Utilities$0
HOA$0
Management-$163
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,231(72.7% ROI)
Projected value
$194,164
Return breakdown
Property appreciation+$13,863
Loan principal paid down+$5,168
Rental cash flow+$7,200
5-year hold
+$44,909(124.5% ROI)
Projected value
$203,994
Return breakdown
Property appreciation+$23,693
Loan principal paid down+$9,216
Rental cash flow+$12,000
10-year hold
+$96,458(267.5% ROI)
Projected value
$230,800
Return breakdown
Property appreciation+$50,499
Loan principal paid down+$21,959
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.86
1 BR
1.00
2 BR
0.98
3 BR
1.02
4 BR
1.02
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 49534 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 49534 (Grand Rapids, MI) is $1,600 a month. That is up 4.6% from $1,530 in FY 2026. Grand Rapids 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, 49534 has the 8th-highest two-bedroom rent (county range $1,370–$1,790). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 49534 is 47% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 49534
BedroomsFY 2027Change90–110% range
Studio$1,240+5.1%$1,116–$1,364
1BR$1,360+4.6%$1,224–$1,496
2BR$1,600+4.6%$1,440–$1,760
3BR$2,070+5.1%$1,863–$2,277
4BR$2,380+7.7%$2,142–$2,618

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 49534
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,240$1,360$1,600$2,070$2,380
FY 2026$1,180$1,300$1,530$1,970$2,210
FY 2025$1,120$1,220$1,440$1,870$2,060
FY 2024$1,070$1,160$1,370$1,790$1,950
FY 2023$1,020$1,090$1,300$1,700$1,870

Two-bedroom rent in nearby Ottawa County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 49534
49428$1,620+1.3%
49429$1,550−3.1%
49430$1,370−14.4%
49434$1,530−4.4%
49435$1,380−13.8%
49448$1,370−14.4%
49451$1,370−14.4%
49456$1,590−0.6%
49460$1,660+3.8%
49464$1,370−14.4%
49534Current$1,600—
49544$1,540−3.7%

Questions about ZIP 49534 rents

How much will Section 8 pay for a two-bedroom in ZIP 49534?

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 $1,600 it would be $1,440 to $1,760. 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 49534 in?

ZIP 49534 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 49534 for FY 2027?

The two-bedroom FMR rose 4.6%, from $1,530 in FY 2026 to $1,600 in FY 2027. Since FY 2023 it has risen 23.1%.

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