FY2026 Fair Market Rents — Grand Traverse County
Studio
$1,136
1BR
$1,143
2BR
$1,357
3BR
$1,747
4BR
$1,797
Grand Traverse County, Michigan
FIPS 26055 · County-level FMR and income limit data
FMR Area: Grand Traverse County, MI HUD Metro FMR Area
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 |
To afford the FY2026 2-bedroom FMR of $1,357/mo under the 30%-of-income rule, a household needs about
$54,280/yr ($4,523/mo). Area Median Income is $113,900.
At MI's state minimum wage of $12.48/hr, a worker would need to work 84 hours/week to afford that rent.
FY2026 Income Limits
Area Median Income: $113,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $23,950 | $27,350 | $30,750 | $34,150 | $38,680 | $44,360 |
| 50% AMI | $39,900 | $45,600 | $51,300 | $56,950 | $61,550 | $66,100 |
| 80% AMI | $63,800 | $72,900 | $82,000 | $91,100 | $98,400 | $105,700 |