Location: Ogemaw County, MI | Metro: Arenac County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The HUD Fair Market Rent (FMR) for ZIP 48756 in Prescott, MI, for the Ogemaw County metro area, is set at $1,020 for fiscal year 2026. In comparison, the market rent, as per Census ACS data, stands at $804. This indicates that voucher tenants will cashflow positively at FMR, providing a buffer for landlords.
The median home value in this ZIP code is $110,861. Using this figure, we can calculate the rent-to-price ratio. With an average market rent of $804, the annual rent would be approximately $9,648. Dividing this by the median home value yields a rent-to-price ratio of about 8.7%, suggesting that rental income is relatively low compared to property values.
Note that the median days on market (DOM) and percentage of price cuts are not applicable (N/A) in this context, as they pertain to the sale of properties rather than rentals. However, given the positive cashflow potential and the stable nature of Section 8 vouchers, the strongest investor angle for this ZIP code is likely cashflow.
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.