Location: Gratiot County, MI | Metro: Gratiot County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
The ZIP code 48830, located in Gratiot County, Michigan, presents unique challenges and opportunities for landlords and small-portfolio investors due to limited available data. The lack of specific figures for residents, percentage renting, median income, and median home value indicates either a sparsely populated area or an area where detailed housing and demographic statistics have not been thoroughly documented.
In terms of voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. Without precise local market rent data, it's challenging to provide a direct comparison between the FMR and the actual market rates. However, this FMR figure serves as a benchmark for rental properties that accept Section 8 vouchers, guiding landlords on expected rental incomes.
The absence of detailed data points towards a transitional rather than stable market. This suggests potential for changes in population dynamics, economic conditions, and housing trends. Landlords and investors should be prepared for fluctuations and possibly slower growth compared to areas with more robust data sets. Engaging closely with local real estate agents and community leaders can help fill in these data gaps and offer insights into upcoming developments that could impact the rental market.
Data Sources: FMR data from HUD (2027).
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.