Location: Oscoda County, MI | Metro: Oscoda County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The ZIP code 48621 presents a challenging environment for renters and landlords alike. The median income here stands at $51,304, which barely covers the market rate rent of $543 per month according to Census ACS data. This suggests that many households struggle to find affordable housing without assistance.
Comparatively, the voucher payment standard for the metro area in fiscal year 2026 is set at $970, significantly higher than the current market rate. This discrepancy means that tenants with vouchers have a greater ability to pay rent, reducing the financial burden on families who might otherwise spend a disproportionate amount of their income on housing.
In ZIP 48621, where only 19.7% of the 1,126 residents are renters, competition among landlords is likely to be fierce for those willing to accept voucher payments. Given the limited number of renters, properties that accept vouchers could attract a steady stream of tenants, ensuring consistent occupancy rates.
The affordability gap in this region highlights the importance of landlords considering voucher acceptance as part of their rental strategy. Accepting vouchers not only provides a reliable source of income but also taps into a segment of the market that has more financial flexibility due to government assistance.
Takeaway: Landlords in ZIP 48621 should seriously consider accepting Section 8 vouchers. While the market rate rent is $543, the voucher payment standard of $970 offers a more stable and financially beneficial option. With only 19.7% of the population renting, competition for tenants is high, and the ability to accept vouchers can provide a significant advantage in securing long-term, financially secure tenants.
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.