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Ottawa County/Grand Rapids/49544

49544

ZIPSAFMR
Ottawa County, MI
Zillow

ZIP Investment Score

87Below average

095130300
BRFMR
Eff. Rent
0 BR$1,230$1,260
1 BR$1,290$1,300
2 BR$1,540$1,580
3 BR$2,000$1,970
4 BR$2,280$2,230
5 BR$2,622Not available
6 BR$3,015Not available
7 BR$3,468Not available
8 BR$3,988Not available

Purchase Price Calculator

Maximum purchase price
$172,871

Cost breakdown

+Likely effective rent$1,580
HUD FMR$1,540
Market rent$1,600
Est. payment standard (103%)Used$1,580
-Principal and interest-$874
Loan amount$138,297
Down payment$34,574
Rate6.50%
Term30 years
-Operating costs-$506
Property taxes-$173
Insurance-$175
Utilities$0
HOA$0
Management-$158
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,447(73.6% ROI)
Projected value
$186,163
Return breakdown
Property appreciation+$13,292
Loan principal paid down+$4,955
Rental cash flow+$7,200
5-year hold
+$43,552(126.0% ROI)
Projected value
$195,588
Return breakdown
Property appreciation+$22,717
Loan principal paid down+$8,836
Rental cash flow+$12,000
10-year hold
+$93,473(270.4% ROI)
Projected value
$221,289
Return breakdown
Property appreciation+$48,418
Loan principal paid down+$21,054
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.96
1 BR
0.98
2 BR
0.96
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 49544 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 49544 (Grand Rapids, MI) is $1,540 a month. That is up 6.2% from $1,450 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, 49544 has the 13th-highest two-bedroom rent (county range $1,370–$1,790). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 49544 is 42% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 49544
BedroomsFY 2027Change90–110% range
Studio$1,230+5.1%$1,107–$1,353
1BR$1,290+6.6%$1,161–$1,419
2BR$1,540+6.2%$1,386–$1,694
3BR$2,000+7.0%$1,800–$2,200
4BR$2,280+10.1%$2,052–$2,508

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 49544
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,230$1,290$1,540$2,000$2,280
FY 2026$1,170$1,210$1,450$1,870$2,070
FY 2025$1,100$1,150$1,370$1,780$1,950
FY 2024$1,040$1,080$1,300$1,700$1,860
FY 2023$1,010$1,060$1,280$1,660$1,860

Two-bedroom rent in nearby Ottawa County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 49544
49428$1,620+5.2%
49429$1,550+0.6%
49430$1,370−11.0%
49434$1,530−0.6%
49435$1,380−10.4%
49448$1,370−11.0%
49451$1,370−11.0%
49456$1,590+3.2%
49460$1,660+7.8%
49464$1,370−11.0%
49534$1,600+3.9%
49544Current$1,540—

Questions about ZIP 49544 rents

How much will Section 8 pay for a two-bedroom in ZIP 49544?

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 $1,540 it would be $1,386 to $1,694. 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 49544 in?

ZIP 49544 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 49544 for FY 2027?

The two-bedroom FMR rose 6.2%, from $1,450 in FY 2026 to $1,540 in FY 2027. Since FY 2023 it has risen 20.3%.

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 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