What is the Fair Market Rent for a 2-bedroom in Grand Traverse County, MI HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Grand Traverse County, MI HUD Metro FMR Area is $1,357 per month for fiscal year 2026. The studio FMR is $1,136, 1-bedroom is $1,143, 3-bedroom is $1,747, and 4-bedroom is $1,797.

What income do you need to afford the FMR in Grand Traverse County, MI HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $54,280 per year ($4,523 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,357 in Grand Traverse County, MI HUD Metro FMR Area.

FY2026 Fair Market Rents — Grand Traverse County, MI HUD Metro FMR Area

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

Studio

$1,136

1BR

$1,143

2BR

$1,357

3BR

$1,747

4BR

$1,797

Hours/week at min wage

84 hrs

to afford the 2BR FMR @ $12.48/hr (MI)

National rank

#254

of 661 U.S. metros (top 39% most expensive)

Voucher payment standard

$1,221–$1,493

PHAs set HCV payment at 90–110% of the 2BR FMR

Grand Traverse County, MI HUD Metro FMR Area

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

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,136	$13,632
1-Bedroom	$1,143	$13,716
2-Bedroom	$1,357	$16,284
3-Bedroom	$1,747	$20,964
4-Bedroom	$1,797	$21,564

FY2026 Income Limits

Area Median Income (AMI): $113,900

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$23,950	$27,350	$30,750	$34,150	$38,680	$44,360
50% AMI (Very Low)	$39,900	$45,600	$51,300	$56,950	$61,550	$66,100
80% AMI (Low)	$63,800	$72,900	$82,000	$91,100	$98,400	$105,700

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$16,284/yr

FMR as % of Area Median Income

14.3% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$54,280/yr

$4,523/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	$996	$1,139	$1,281	$1,537	$1,651
60% AMI Maximum	$1,195	$1,366	$1,537	$1,845	$1,981

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	$1,136	$1,143	$1,357	$1,747	$1,797
Low HOME Rent	$997	$1,140	$1,282	$1,423	$1,538

Compare Grand Traverse County, 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

Grand Traverse County