FY2027 Small Area FMR · Portage, MI

ZIP 49024 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 49024 (Portage, MI) is $1,300 a month, down 1.5% from FY2026. That is 12% above the Kalamazoo-Portage, MI area-wide FMR of $1,158.

2-bedroom SAFMR$1,300per month ▼ 1.5%

Area-wide 2 BR FMR$1,158Kalamazoo-Portage, MI

Rank in the area3rdof 32 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,170

2 BR Small Area FMR$1,300

110% of SAFMR$1,430

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$990▲ 4.2%

1 BR$1,140▲ 0.9%

2 BR$1,300▼ 1.5%

3 BR$1,730▼ 0.6%

4 BR$1,840▲ 2.8%

FY2027 FY2026

Where 49024 sits in the Kalamazoo-Portage, MI area

Of the 32 ZIP codes HUD lists for the area, 49024 has the 3rd highest two-bedroom Small Area FMR. Kalamazoo-Portage, MI is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,158 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,300 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$990	$891 – $1,089	$885	$950
1 bedroom	$1,140	$1,026 – $1,254	$1,013	$1,130
2 bedrooms	$1,300	$1,170 – $1,430	$1,158	$1,320
3 bedrooms	$1,730	$1,557 – $1,903	$1,545	$1,740
4 bedrooms	$1,840	$1,656 – $2,024	$1,637	$1,790

A household renting a two-bedroom home at the Small Area FMR of $1,300 needs about $52,000 a year to keep housing costs at 30% of income. The area median family income is $108,100 and the 80% low-income limit for four people is $84,250. ZIP code 49024 lies mainly in Kalamazoo County. See the Kalamazoo-Portage, MI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
49002	Portage	2.9 mi	$1,050
49008	Kalamazoo	4.0 mi	$1,120
49001	Kalamazoo	4.9 mi	$1,170
49006	Kalamazoo	6.0 mi	$1,050
49007	Kalamazoo	6.8 mi	$1,170
49087	Schoolcraft	7.1 mi	$1,060

Questions

What is the Fair Market Rent for ZIP code 49024?

HUD's FY2027 Small Area Fair Market Rents for 49024 are $990 (studio), $1,140 (1 BR), $1,300 (2 BR), $1,730 (3 BR) and $1,840 (4 BR) a month.

What is the Section 8 payment standard in 49024?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 49024 that range is $1,170 to $1,430 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 49024?

The FY2026 income limits of the Kalamazoo-Portage, MI area apply: median family income $108,100, low-income (80%) limit $84,250 for a family of four.