Grand Traverse County, MI HUD Metro FMR Area · FY2026 area median income $113,900 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $399 | $598 | $798 | $997 | $1,197 | $1,396 | $1,596 |
| 1BR | $427 | $641 | $855 | $1,068 | $1,282 | $1,496 | $1,710 |
| 2BR | $513 | $769 | $1,026 | $1,282 | $1,539 | $1,795 | $2,052 |
| 3BR | $592 | $888 | $1,185 | $1,481 | $1,777 | $2,073 | $2,370 |
| 4BR | $661 | $991 | $1,322 | $1,652 | $1,983 | $2,313 | $2,644 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $23,940 | $39,900 | $47,880 | $63,840 |
| 2 persons | $27,360 | $45,600 | $54,720 | $72,960 |
| 3 persons | $30,780 | $51,300 | $61,560 | $82,080 |
| 4 persons | $34,170 | $56,950 | $68,340 | $91,120 |
| 5 persons | $36,930 | $61,550 | $73,860 | $98,480 |
| 6 persons | $39,660 | $66,100 | $79,320 | $105,760 |
| 7 persons | $42,390 | $70,650 | $84,780 | $113,040 |
| 8 persons | $45,120 | $75,200 | $90,240 | $120,320 |
Rents are capped at 30% of the income limit for an imputed household of 1.5 persons per bedroom, so a two-bedroom unit uses the three-person limit. Under the average income test, units can be designated from 20% to 80% AMI as long as the weighted average stays at or below 60%.
Run a deal in Grand Traverse County to see the sources and uses, bond test, DSCR, and funding gap using these rents.