Fair Market Rent · Michigan
Fair Market Rent in Grand Traverse County, MI
FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.
HUD's FY2027 Fair Market Rent for a 2-bedroom home in Grand Traverse County is $1,436 a month, +5.8% from FY2026. Grand Traverse County is part of the Grand Traverse County, MI HUD Metro FMR Area (a metro area). HUD also publishes Small Area FMRs by ZIP code here; those can be higher or lower than the area-wide figure. See each ZIP code below.
Area-wide Fair Market Rents
| Size | FY2027 | FY2026 | Change | Typical voucher range (90–110%) |
|---|---|---|---|---|
| Studio | $1,181 | $1,136 | +4% | $1,063–1,299 |
| 1 bedroom | $1,188 | $1,143 | +3.9% | $1,069–1,307 |
| 2 bedrooms | $1,436 | $1,357 | +5.8% | $1,292–1,580 |
| 3 bedrooms | $1,883 | $1,747 | +7.8% | $1,695–2,071 |
| 4 bedrooms | $1,928 | $1,797 | +7.3% | $1,735–2,121 |
The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.
Rents by ZIP code in Grand Traverse County
Open a ZIP code for every size, the spread of rents and nearby ZIP codes.
| ZIP | Place | 2-bedroom FMR (ZIP) | Census median, 2 bedrooms | Census median, all sizes |
|---|---|---|---|---|
| 49620 | Buckley | $1,320 | $1,114 | $1,105 |
| 49637 | Grawn | $1,440 | – | $1,289 |
| 49649 | Kingsley | $1,230 | $935 | $1,018 |
| 49685 | Traverse City | $1,600 | $1,623 | $1,448 |
| 49686 | Traverse City | $1,430 | $1,227 | $1,227 |
| 49690 | Williamsburg | $1,480 | $1,307 | $1,341 |
| 49696 | Traverse City | $1,470 | $1,342 | $1,418 |
Sources: HUD Fair Market Rents and Small Area Fair Market Rents, FY2027 (effective October 1, 2026) and FY2026; U.S. Census Bureau, 2020–2024 American Community Survey 5-year estimates (median gross rent by ZIP code). Fair Market Rents and Census figures include utilities. Not affiliated with HUD or the Census Bureau. About the data.