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Grand Traverse County/Grawn/49637

49637

ZIPSAFMR
Grand Traverse County, MI
Zillow

ZIP Investment Score

57Below average

095130300
BRFMR
Eff. Rent
0 BR$1,180$1,300
1 BR$1,190$1,310
2 BR$1,440$1,490
3 BR$1,890$1,600
4 BR$1,930$1,940
5 BR$2,220Not available
6 BR$2,552Not available
7 BR$2,935Not available
8 BR$3,376Not available

Purchase Price Calculator

Maximum purchase price
$159,497

Cost breakdown

+Likely effective rent$1,490
HUD FMR$1,440
Market rent$1,510
Est. payment standard (103%)Used$1,490
-Principal and interest-$807
Loan amount$127,598
Down payment$31,899
Rate6.50%
Term30 years
-Operating costs-$483
Property taxes-$159
Insurance-$175
Utilities$0
HOA$0
Management-$149
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,035(75.3% ROI)
Projected value
$171,761
Return breakdown
Property appreciation+$12,264
Loan principal paid down+$4,572
Rental cash flow+$7,200
5-year hold
+$41,111(128.9% ROI)
Projected value
$180,456
Return breakdown
Property appreciation+$20,959
Loan principal paid down+$8,152
Rental cash flow+$12,000
10-year hold
+$88,098(276.2% ROI)
Projected value
$204,170
Return breakdown
Property appreciation+$44,673
Loan principal paid down+$19,425
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.78
1 BR
0.82
2 BR
0.95
3 BR
1.18
4 BR
0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 49637 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 49637 (Grawn, MI) is $1,440 a month. That is up 3.6% from $1,390 in FY 2026. Grawn is in the Grand Traverse County, 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 $1,436. Among 13 ZIP codes in Grand Traverse County, 49637 is tied for the 5th-highest two-bedroom rent (county range $1,230–$1,600). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 49637 is 33% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 49637
BedroomsFY 2027Change90–110% range
Studio$1,180+1.7%$1,062–$1,298
1BR$1,190+1.7%$1,071–$1,309
2BR$1,440+3.6%$1,296–$1,584
3BR$1,890+5.6%$1,701–$2,079
4BR$1,930+4.9%$1,737–$2,123

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 49637
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,180$1,190$1,440$1,890$1,930
FY 2026$1,160$1,170$1,390$1,790$1,840
FY 2025$1,030$1,030$1,230$1,520$1,630
FY 2024area FMR$1,044$1,061$1,232$1,490$1,641
FY 2023area FMR$750$914$1,085$1,321$1,458

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Grand Traverse County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 49637
49610$1,4400.0%
49620$1,320−8.3%
49633$1,370−4.9%
49637Current$1,440—
49643$1,340−6.9%
49649$1,230−14.6%
49680$1,230−14.6%
49683$1,230−14.6%
49684$1,450+0.7%
49685$1,600+11.1%
49686$1,430−0.7%
49690$1,480+2.8%

Questions about ZIP 49637 rents

How much will Section 8 pay for a two-bedroom in ZIP 49637?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,436, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,292 to $1,580 a month; under the ZIP-level Small Area FMR of $1,440 it would be $1,296 to $1,584. 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 49637 in?

ZIP 49637 is in the Grand Traverse County, MI HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,436.

How much did fair market rent change in ZIP 49637 for FY 2027?

The two-bedroom FMR rose 3.6%, from $1,390 in FY 2026 to $1,440 in FY 2027. Since FY 2025 it has risen 17.1%.

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