Location: Roscommon County, MI | Metro: Crawford County, MI
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,040 | $186,709 | 0.56% | F |
| 3BR | $1,260 | $233,514 | 0.54% | F |
| 4BR | $1,670 | $356,229 | 0.47% | F |
| 5BR | $1,937 | $618,105 | 0.31% | F |
U.S. Census Bureau data (2024)
The market in ZIP 48653, encompassing Roscommon, MI, presents a dynamic landscape that suggests ongoing changes in housing demand and supply. The Fair Market Rent (FMR) for the area stands at $1,010, as projected for the fiscal year 2026, while the current market rent based on Census ACS data is $807. This discrepancy indicates that the rental market is currently below the fair market level, potentially signaling a market where demand is rising towards equilibrium.
A key indicator of market health is the price-cut share, which for ZIP 48653 is an extremely low 0.1%. This figure suggests that few properties are being discounted, implying that the housing stock is selling at or near asking prices. The lack of available data on days on market (DOM) further supports this notion, as typically, higher DOM values indicate a sluggish market with excess supply.
The median home value in Roscommon, MI, is $196,994. This relatively moderate figure can be interpreted as a sign of affordability, attracting potential buyers who might otherwise be priced out of more expensive markets. However, it also reflects the economic conditions of the region, where home values are not escalating rapidly, indicating a stable but not overheated market.
The 9.5% renter share provides insight into the long-term housing pressures. A lower renter share often implies a higher rate of homeownership, suggesting that many residents are invested in owning their homes rather than renting. This trend could point to a stable community with a preference for long-term residency, reducing the volatility associated with high renter populations. However, it also means there is less flexibility in the housing market to accommodate sudden shifts in demand, such as those caused by economic downturns or population influxes.
In summary, ZIP 48653 appears to be a market where demand is gradually catching up with supply, driven by affordable home values and moderate rental prices. The low price-cut share and stable median home value suggest that the market is moving towards a balanced state, though the exact trajectory remains uncertain without historical data. Landlords and small-portfolio investors should consider these factors when evaluating the potential for growth and stability in the Roscommon, MI, real estate market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.