Grand Rapids Section 8 Cash Flow: High Vouchers, Higher Prices
Grand Rapids, MI grades B on CloseHound — reliable Section 8 cash flow with the right property, worth screening regularly. It carries the highest voucher of any Michigan market we track: a $1,980/mo median 3-bedroom, supporting a price near $198,000. The 3-bed range runs $1,710 to $2,080 across five Kent County ZIPs.
The honest catch: those bigger vouchers come with bigger purchase prices, so the cash-on-cash is good rather than the slam-dunk you see in cheaper Michigan metros — you cherry-pick rather than carpet-buy. Property tax runs about 1.4% and insurance near 0.8%. Screen any Grand Rapids address free on CloseHound to confirm the voucher outruns the price.
Grand Rapids HUD Section 8 voucher rents by ZIP (FY2026)
Official HUD Small Area Fair Market Rents — the voucher ceiling a landlord can collect in each ZIP, by bedroom count.
| ZIP code | 2-bed | 3-bed | 4-bed |
|---|---|---|---|
| 49503 | $1,610/mo | $2,080/mo | $2,300/mo |
| 49504 | $1,430/mo | $1,850/mo | $2,040/mo |
| 49507 | $1,530/mo | $1,980/mo | $2,190/mo |
| 49508 | $1,550/mo | $2,000/mo | $2,220/mo |
| 49509 | $1,320/mo | $1,710/mo | $1,890/mo |
Source: HUD FY2026 SAFMR. CloseHound underwrites live listings against these exact ceilings.
More Section 8 markets in Michigan
Grand Rapids Section 8 FAQ
What's the Section 8 voucher rent for a 3-bed in Grand Rapids?+
The median 3-bedroom voucher rent in Grand Rapids is about $1,980/mo for FY2026, ranging from $1,710 to $2,080 across sampled ZIPs — the highest in Michigan on CloseHound.
Is Grand Rapids a good Section 8 market?+
Yes, with selectivity. Grand Rapids grades B, meaning reliable cash flow with the right property. Higher prices here mean you should screen regularly and pick your deals rather than buy broadly.
Why is Grand Rapids only a B if vouchers are so high?+
The $1,980/mo voucher is the highest in Michigan, but it supports a higher price near $198,000, so the voucher-to-price spread is tighter than in lower-cost metros like Flint or Detroit. The grade reflects that balance.
What's the carrying cost in Grand Rapids?+
Property tax runs about 1.4% and insurance near 0.8% of value — standard Michigan figures, already weighted into the B grade.
Screen Grand Rapids deals free
See which Grand Rapids listings actually cash-flow on the voucher — underwritten and ranked by Deal Score.
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