HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Grand Traverse County, Michigan (FY 2026)
HUD's FY 2026 Fair Market Rent for a two-bedroom in Grand Traverse County is $1,357 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
2 bedroom FMR
$1,357
FY 2026, utilities included
Payment standard range
$1,221 to $1,493
90% to 110% of FMR
Income to afford 2BR
$54,280
per year, at 30% of income
Rank in Michigan
11th of 83
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Grand Traverse moves to $1,436. That's up 6%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Grand Traverse actually rent for?
Search any address in Grand Traverse for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $1,136 | $1,022 to $1,250 | $45,440 | $21.85/hr | +8.7% |
| 1 bedroom | $1,143 | $1,029 to $1,257 | $45,720 | $21.98/hr | +8.8% |
| 2 bedroom | $1,357 | $1,221 to $1,493 | $54,280 | $26.10/hr | +8.4% |
| 3 bedroom | $1,747 | $1,572 to $1,922 | $69,880 | $33.60/hr | +13.1% |
| 4 bedroom | $1,797 | $1,617 to $1,977 | $71,880 | $34.56/hr | +8.3% |
5 to 8 bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $2,067 | $1,860 to $2,274 |
| 6 bedroom Estimate | $2,336 | $2,102 to $2,570 |
| 7 bedroom Estimate | $2,606 | $2,345 to $2,867 |
| 8 bedroom Estimate | $2,875 | $2,588 to $3,163 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2026 that's October 1, 2025 through September 30, 2026. In Grand Traverse, that runs from $1,136 for a studio up to $1,797 for four bedrooms, all five rates in the table above.
Grand Traverse is its own HUD metro area (Grand Traverse County, MI), so the rate here is set from rents inside the county rather than a wider region.
Among Michigan's 83 counties, Grand Traverse ranks 11th for two-bedroom FMR. That's about 31% above the state median of $1,033 and about 33% above the national median county at $1,018. About 95,315 people live here, 22nd in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,150 in 49649 (Kingsley) and $1,490 in 49685 (Traverse City), with the 10 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 49610 | Acme | $1,360 | +0.2% |
| 49633 | Fife Lake | $1,260 | -7.1% |
| 49637 | Grawn | $1,390 | +2.4% |
| 49643 | Interlochen | $1,320 | -2.7% |
| 49649 | Kingsley | $1,150 | -15.3% |
| 49666 | Mayfield | $1,357County rate | — |
| 49673 | Old Mission | $1,357County rate | — |
| 49684 | Traverse City | $1,380 | +1.7% |
| 49685 | Traverse City | $1,490 | +9.8% |
| 49686 | Traverse City | $1,370 | +1.0% |
| 49690 | Williamsburg | $1,420 | +4.6% |
| 49696 | Traverse City | $1,320 | -2.7% |
What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Grand Traverse somewhere between $1,221 and $1,493. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,357 a month is affordable, by HUD's 30% rule, on an income of roughly $54,280 a year. Put another way, $26 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($1,221) | HAP at 100% ($1,357) | HAP at 110% ($1,493) |
|---|---|---|---|---|
| $2,500 | $750 | $471 | $607 | $743 |
| $4,000 | $1,200 | $21 | $157 | $293 |
Rate history
The two-bedroom rate went up 8% from FY 2025 ($1,252) to FY 2026 ($1,357). Since FY 2020 it's up 49% in total, about 6.9% a year. The Michigan median moved up 7% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $633 | $788 | $911 | $1,203 | $1,421 | — |
| FY 2021 | $685 | $847 | $999 | $1,286 | $1,480 | +9.7% |
| FY 2022 | $698 | $863 | $1,009 | $1,248 | $1,368 | +1.0% |
| FY 2023 | $750 | $914 | $1,085 | $1,321 | $1,458 | +7.5% |
| FY 2024 | $1,044 | $1,061 | $1,232 | $1,490 | $1,641 | +13.5% |
| FY 2025 | $1,045 | $1,051 | $1,252 | $1,544 | $1,660 | +1.6% |
| FY 2026 | $1,136 | $1,143 | $1,357 | $1,747 | $1,797 | +8.4% |
| FY 2027 | $1,181 | $1,188 | $1,436 | $1,883 | $1,928 | +5.8% |
Nearby counties
Kalkaska County
$97317 mi · pop 17,934
Leelanau County
$1,49720 mi · pop 22,426
Antrim County
$1,16225 mi · pop 23,662
Benzie County
$1,22425 mi · pop 18,058
Wexford County
$1,08425 mi · pop 33,766
Missaukee County
$97338 mi · pop 15,089
Manistee County
$1,04839 mi · pop 25,058
Crawford County
$1,03844 mi · pop 13,197
Questions people ask
$1,357 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,136 for a studio, $1,143 for one bedroom, $1,747 for three and $1,797 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the payment standard and tenant share for a specific rent.
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords.
Rent affordability calculator
See what income a household needs for a given rent.
What does a rental in Grand Traverse actually go for?
HUD's number is one input. Search any address in Grand Traverse for a rent estimate built from nearby comps. 3 free searches, no card.
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