FY2026 Fair Market Rents — Grand Rapids-Wyoming, MI HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio
$1,232
1BR
$1,278
2BR
$1,531
3BR
$1,980
4BR
$2,189
Hours/week at min wage
95 hrs
to afford the 2BR FMR @ $12.48/hr (MI)
YoY change (2BR)
+6.1%
+$88 vs FY2025 · 5-yr +54%
Voucher payment standard
$1,378–$1,684
PHAs set HCV payment at 90–110% of the 2BR FMR

Grand Rapids-Wyoming, MI HUD Metro FMR Area

Non-Metropolitan area · MI · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size Monthly FMR Annual Equivalent
Efficiency (Studio) $1,232 $14,784
1-Bedroom $1,278 $15,336
2-Bedroom $1,531 $18,372
3-Bedroom $1,980 $23,760
4-Bedroom $2,189 $26,268

Recent 2-Bedroom FMR Trend

FY2020 $962 → FY2026 $1,531
Fiscal Year Studio 1BR 2BR 3BR 4BR
FY2026 $1,232 $1,278 $1,531 $1,980 $2,189
FY2025 $1,163 $1,209 $1,443 $1,880 $2,057
FY2024 $1,093 $1,142 $1,369 $1,785 $1,963
FY2023 $954 $1,005 $1,211 $1,576 $1,761
FY2022 $798 $859 $1,041 $1,356 $1,538
FY2021 $739 $817 $994 $1,309 $1,501
FY2020 $686 $789 $962 $1,296 $1,481

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $106,600

AMI Level 1p 2p 3p 4p 5p 6p
30% AMI (Extremely Low) $22,400 $25,600 $28,800 $33,000 $38,680 $44,360
50% AMI (Very Low) $37,350 $42,650 $48,000 $53,300 $57,600 $61,850
80% AMI (Low) $59,750 $68,250 $76,800 $85,300 $92,150 $98,950

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR
$18,372/yr
FMR as % of Area Median Income
17.2% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$61,240/yr
$5,103/mo gross income

FY2026 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band Studio 1BR 2BR 3BR 4BR
50% AMI Maximum $932 $1,066 $1,199 $1,439 $1,545
60% AMI Maximum $1,119 $1,279 $1,439 $1,726 $1,854

FY2026 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type Studio 1BR 2BR 3BR 4BR
High HOME Rent $1,232 $1,278 $1,531 $1,732 $1,732
Low HOME Rent $933 $1,066 $1,200 $1,332 $1,440

Compare Grand Rapids-Wyoming, MI HUD Metro FMR Area With Other MI Metros

vs. Ann Arbor, MI MSA vs. Barry County, MI HUD Metro FMR Area vs. Battle Creek, MI MSA vs. Bay City, MI MSA vs. Benzie County, MI HUD Metro FMR Area

Counties in This FMR Area

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