Location: Oscoda County, MI | Metro: Montmorency County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The rent math in ZIP 48619, located in Oscoda County, MI metro, does not align favorably with federal guidelines. The Fair Market Rent (FMR) set at $1,020 for the fiscal year 2026 significantly exceeds the current market rent of $575 based on Census ACS data. This discrepancy suggests that landlords may struggle to meet the FMR without adjusting their rental pricing strategies.
Acquisition in this area appears to be relatively affordable, with a median home value of $166,241. However, the lack of specific data on days on market (DOM) and the percentage of homes that were sold after a price reduction indicates limited liquidity and possibly a challenging environment for quick sales or profitable turnovers. Landlords and small-portfolio investors should proceed with caution, considering the potential difficulty in selling properties swiftly or at desired prices.
Tenant demand in ZIP 48619 is modest. With a total population of 415 and only 7.4% of residents being renters, the pool of potential tenants is small. This low renter share implies that landlords might face challenges in finding and retaining tenants, especially if they aim to charge closer to the FMR rather than the lower market rent.
In summary, ZIP 48619 presents a scenario where achieving favorable rent math is unlikely due to the substantial gap between the FMR and market rents. Acquisition costs are reasonable, but the absence of liquidity indicators poses risks. Furthermore, the limited tenant demand makes this area less attractive for investment. Landlords and investors should carefully weigh these factors before committing to property investments in this ZIP code.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.