Logo Grand Traverse County Fair Market Rent FY 2022 Grand Traverse County, MI Rental Data

Fair Market Rent Prices in Grand Traverse County, MI :
$698 $863 $1,009 $1,248 $1,368
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 50th Percentile Non-Metro

Fair Market Rent prices in Grand Traverse County are high compared to the national average. This FMR area is more expensive than 83% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Grand Traverse County is $1,009 per month.

The previous year, rent for a two-bedroom home was $999 per month. This is a 1% increase year-over-year.

This FMR rate applies to Acme, MI, Mayfield, MI, Old Mission, MI, Buckley, MI, Fife Lake, MI, Grawn, MI, Kingsley, MI, Traverse City, MI and other cities within the region. The Metro Code or CBSA code for this region is NCNTY26055N26055.

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

Compared to the rest of Michigan, the Grand Traverse County FMR area is more expensive than 92% 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 Traverse County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Grand Traverse County

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 $ 753
1-BR 1-Bedroom $ 931
2-BR 2-Bedroom $ 1089
3-BR 3-Bedroom $ 1347
4-BR 4-Bedroom $ 1477
Change Year:

There is just one county (listed below) within the Grand Traverse County, MI FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Traverse City - Cadillac.

County / Region Est. Population
, MI 0
Zip Codes in Grand Traverse County, MI

There are 10 unique zip codes in this Fair Market Rent (FMR) area:

49610, 49620, 49633, 49637, 49649, 49666, 49673, 49685, 49686 and 49696

Lookup Fair Market Rent by Zip Code