Logo Grand Rapids-Wyoming Fair Market Rent FY 2021 Grand Rapids-Wyoming, MI HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Grand Rapids-Wyoming, MI :
$739 $817 $994 $1,309 $1,501
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Grand Rapids-Wyoming are high compared to the national average. This FMR area is more expensive than 87% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Grand Rapids-Wyoming is $994 per month.

The previous year, rent for a two-bedroom home was $962 per month. This is a 3.33% increase year-over-year.

This FMR rate applies to Cannonsburg, MI, Trufant, MI, Casnovia, MI, Conklin, MI, Gowen, MI, Marne, MI, Kent City, MI, Sand Lake, MI, Grant, MI, Belmont, MI and other cities within the region. The Metro Code or CBSA code for this region is METRO24340M24340.

Additionally, This Fair Market Rent (FMR) area Grand Rapids-Wyoming, MI HUD Metro FMR Area spans one county or city in Michigan which is listed in the table below. Estimated population of Grand Rapids-Wyoming, MI HUD Metro FMR Area FMR area is 0 people based on 2000 Census data.

Compared to the rest of Michigan, the Grand Rapids-Wyoming FMR area is more expensive than 94% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Grand Rapids-Wyoming. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Grand Rapids-Wyoming

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 787
1-BR 1-Bedroom $ 870
2-BR 2-Bedroom $ 1059
3-BR 3-Bedroom $ 1395
4-BR 4-Bedroom $ 1599
Change Year:

There is just one county (listed below) within the Grand Rapids-Wyoming, MI HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Grand Rapids - Kalmzoo - B. Crk.

County / Region Est. Population
Kent County, MI Metro 0
Zip Codes in Grand Rapids-Wyoming, MI HUD Metro FMR Area

There are 40 unique zip codes in this Fair Market Rent (FMR) area:

49301, 49306, 49317, 49318, 49319, 49321, 49326, 49327, 49330, 49341, 49343, 49345, 49347, 49351, 49403, 49418, 49435, 49468, 49501, 49503, 49504, 49505, 49506, 49507, 49508, 49509, 49510, 49512, 49514, 49515, 49516, 49518, 49519, 49525, 49534, 49544, 49546, 49548, 49560 and 49588

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