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RentData.org Logo Muskegon-Norton Shores Fair Market Rent FY 2015 Muskegon-Norton Shores, MI MSA Rental Data

Fair Market Rent Prices in Muskegon-Norton Shores, MI :
$419 $521 $705 $961 $1,100
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Muskegon-Norton Shores are average compared to the national average. This FMR area is more expensive than 69% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Muskegon-Norton Shores is $705 per month.

The previous year, rent for a two-bedroom home was $638 per month. This is a 10.5% increase year-over-year.

This FMR rate applies to Bailey, MI, Holton, MI, Nunica, MI, Ravenna, MI, Fruitport, MI, Montague, MI, Coopersville, MI, Whitehall, MI, Twin Lake, MI, Fremont, MI and other cities within the region. The Metro Code or CBSA code for this region is METRO34740M34740.

Additionally, This Fair Market Rent (FMR) area Muskegon-Norton Shores, MI MSA spans one county or city in Michigan which is listed in the table below. Estimated population of Muskegon-Norton Shores, MI MSA FMR area is 172,188 people based on latest Census data.

Compared to the rest of Michigan, the Muskegon-Norton Shores FMR area is more expensive than 68% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Muskegon-Norton Shores. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Muskegon-Norton Shores

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 452
1-BR 1-Bedroom $ 562
2-BR 2-Bedroom $ 760
3-BR 3-Bedroom $ 1036
4-BR 4-Bedroom $ 1186
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

There is just one county (listed below) within the Muskegon-Norton Shores, MI MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Grand Rapids - Kalmzoo - B. Crk.

County / Region Est. Population
Muskegon-Norton Shores, MI Metro 172,188
Zip Codes in Muskegon-Norton Shores, MI MSA

There are 17 unique zip codes in this Fair Market Rent (FMR) area:

49303, 49404, 49412, 49415, 49425, 49437, 49440, 49441, 49442, 49443, 49444, 49445, 49448, 49451, 49456, 49457 and 49461

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