Rental markets / Grand Rapids

ZIP 49512 fair market rent

HUD rent benchmarks, FY2025–2027. Compare bedrooms and ZIPs.

3-bedroom gross-rent benchmark

$2,110 / month

+6.6% from FY2026

FY2027 · current · effective Oct 1, 2026

Includes tenant-paid basic utilities. HUD benchmarks are not asking rents or approved voucher payments.

Published HUD schedules

FY2025
$1,860
FY2026
$1,980
FY2027
$2,110

HUD schedule changes, not observed rent growth.

Rent by bedroom

Monthly gross-rent benchmarks, including tenant-paid utilities
BedroomsFY2025FY2026FY2027
Studio$1,150$1,230$1,310
1 bedroom$1,200$1,280$1,370
2 bedrooms$1,430$1,530$1,630
3 bedrooms$1,860$1,980$2,110
4 bedrooms$2,040$2,190$2,420
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Compare ZIP benchmarks

Other ZIPs in the same HUD area. These are rent comparisons, not property-specific comps.

Grand Rapids-Wyoming, MI HUD Metro FMR Area · 3 bedrooms · FY2027
ZIP codeMonthly gross rentDifference from 49512
49512 This ZIP$2,110$0
49504$2,100-$10
49508$2,130+$20
49507$2,070-$40
49503$2,280+$170

Explore every ZIP in this HUD area

Rental housing in ZCTA 49512

2020–2024 ACS 5-year. Census ZCTAs approximate postal ZIP codes; their boundaries are not identical.

Renter-occupied homes

4,734

57.0% of occupied homes are rented.

Rental home types

Single-unit houses
9.6%
Buildings with 2–4 units
3.7%
Buildings with 5+ units
86.1%
Other rental housing
0.6%

Rent as a share of income

46.1%

Spend at least 30% of household income on gross rent.

26.6% spend at least half.

Estimates, margins of error & definitions

These are pooled 2020–2024 survey estimates, not current listing data. Single-unit houses include detached and attached homes. Rent-burden percentages exclude households for which the ratio could not be calculated.

90% margins of error. Percentage margins are in percentage points.
MeasureEstimateMargin of error
Renter-occupied homes4,734± 558
Renter share of occupied homes57.0%± 4.8 pp
Single-unit houses9.6%± 4.7 pp
Buildings with 2–4 units3.7%± 2.0 pp
Buildings with 5+ units86.1%± 7.0 pp
Other rental housing0.6%± 0.8 pp
Rent is 30% or more of income46.1%± 8.2 pp
Rent is 50% or more of income26.6%± 7.7 pp

U.S. Census Bureau, 2020–2024 ACS 5-year tables B25003, B25032 and B25070. Statistical guidance.

Download Census estimates & margins of error

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Monthly rent to analyze: $1,960

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HUD sources, dates & coverage

HUD Small Area Fair Market Rents are monthly gross-rent benchmarks for postal ZIP codes. They include basic tenant-paid utilities, excluding phone, cable and internet. They do not determine an individual housing authority's payment standard, approved rent or a tenant's subsidy.

Grand Rapids-Wyoming, MI HUD Metro FMR Area. FY2025 ZIP schedule (effective Oct 1, 2024; source file revised Apr 28, 2025) · FY2026 ZIP schedule (effective Oct 1, 2025; source file revised May 21, 2026) · FY2027 ZIP schedule (effective Oct 1, 2026).

HUD data checked Sep 22, 2026. Census context: 2020–2024 ACS 5-year. How Census ZCTAs differ from postal ZIP codes.