What HUD offices serve Grand Rapids, Michigan?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Michigan Public Housing and Low-Income Apartments Waiting Lists page for openings near Grand Rapids.
How many renters live in Grand Rapids, Michigan?
The City of Grand Rapids has people living in households.
There are renters living in renter households in this City. Renters make up 42.32 percent of the population living in Grand Rapids.
What is the rental market like in Grand Rapids, Michigan?
There are an estimated housing units in the Grand Rapids area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Grand Rapids, Michigan, there are 1.05 rental units.
What is the vacancy rate for rentals in Grand Rapids?
The rental vacancy rate in Grand Rapids is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Grand Rapids for each bedroom size?
Occupied Rental Units by Size in Grand Rapids
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 2,950 11,869 15,068 7,051 1,946 Occupied Rental Units by Size in Grand Rapids
A large number of apartments in Grand Rapids have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Grand Rapids
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,093 to $1,963. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $1,093 One BR $1,142 Two BR $1,369 Three BR $1,785 Four BR $1,963 2024 Fair Market Rents in Grand Rapids, Michigan
How many units are rented at Fair Market Rent (FMR) in Grand Rapids?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:Unit Size Count of Units Below FMR Percentage of Total Units Below FMR Studio 1,681 57 percent One BR 5,041 42 percent Two BR 8,726 58 percent Rental Units Below FMR in Grand Rapids, Michigan
How many affordable rental units are in Grand Rapids?
There are a variety of federal affordable housing programs serving households in
Grand Rapids, Michigan including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Public Housing Section 8 Project-Based Rental Assistance Mod Rehab Project-Based Rental Assistance Section 202 Supportive Housing for the Elderly Section 811 Supportive Housing for Persons with Disabilities Tracked Units by Federal Program in Grand Rapids, Michigan
Income Based Apartments in Grand Rapids, Michigan
Grand Rapids features 2,410 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Grand Rapids, Michigan
There are 3,284 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grand Rapids.
Housing Choice Vouchers in Grand Rapids, Michigan
On average, Section 8 Housing Choice vouchers pay Grand Rapids landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Grand Rapids.
The maximum amount a voucher would pay on behalf of a low-income tenant in Grand Rapids, Michigan for a two-bedroom apartment is between $1,232 and $1,506.
Sourced from federal housing data and AffordableHousingOnline.com research.