FY2027 Small Area FMR · Grand Rapids, MI
ZIP 49514 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 49514 (Grand Rapids, MI) is $1,630 a month, up 6.5% from FY2026. That is 0% equal to the Grand Rapids-Wyoming, MI area-wide FMR of $1,630.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 49514 sits in the Grand Rapids-Wyoming, MI area
Of the 50 ZIP codes HUD lists for the area, 49514 has the 14th highest two-bedroom Small Area FMR. Grand Rapids-Wyoming, 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 $1,630 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,630 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,310 | $1,179 – $1,441 | $1,306 | $1,230 |
| 1 bedroom | $1,370 | $1,233 – $1,507 | $1,365 | $1,280 |
| 2 bedrooms | $1,630 | $1,467 – $1,793 | $1,630 | $1,530 |
| 3 bedrooms | $2,110 | $1,899 – $2,321 | $2,113 | $1,980 |
| 4 bedrooms | $2,420 | $2,178 – $2,662 | $2,417 | $2,190 |
A household renting a two-bedroom home at the Small Area FMR of $1,630 needs about $65,200 a year to keep housing costs at 30% of income. The area median family income is $106,600 and the 80% low-income limit for four people is $85,300. ZIP code 49514 lies mainly in Kent County. See the Grand Rapids-Wyoming, MI county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 49514?
HUD's FY2027 Small Area Fair Market Rents for 49514 are $1,310 (studio), $1,370 (1 BR), $1,630 (2 BR), $2,110 (3 BR) and $2,420 (4 BR) a month.
What is the Section 8 payment standard in 49514?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 49514 that range is $1,467 to $1,793 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 49514?
The FY2026 income limits of the Grand Rapids-Wyoming, MI area apply: median family income $106,600, low-income (80%) limit $85,300 for a family of four.