Location: Iosco County, MI | Metro: Alcona County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,000 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,850 |
| 4 Bedrooms | $1,960 |
| 5 Bedrooms | $2,274 |
| 6 Bedrooms | $2,547 |
| 7 Bedrooms | $2,751 |
| 8 Bedrooms | $2,889 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 48745, located in Iosco County, MI metro, reveals several key points. The HUD Fair Market Rent (FMR) for the area is set at $1,270 for FY 2026, which is above the market rent of $1,121 as reported by the Census ACS. This means that voucher tenants can cashflow at the FMR level without needing premium units. Landlords and small-portfolio investors should take note of this positive cashflow potential.
To further analyze the investment opportunity, consider the median home value of $158,972. Using this figure, we can calculate the rent-to-price ratio. At $1,270 per month, the annual rental income would be approximately $15,240, leading to a rent-to-price ratio of about 9.6%. This indicates that the rental income is relatively high compared to the property value, making it an attractive option for investors looking to generate steady cashflow.
Note that the median Days on Market (DOM) and the percentage of homes that have experienced price cuts are not applicable in this context. However, these metrics are typically important when assessing the balance between renting and buying. In this case, the strong cashflow potential outweighs the need for such detailed analysis.
The strongest angle for investors in ZIP 48745 is the cashflow potential, given the favorable difference between the HUD FMR and the actual market rent. This provides a stable and predictable source of income, which is particularly appealing for small-portfolio investors seeking reliable returns.
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.