Location: Newaygo County, MI | Metro: Montcalm County, MI HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
The classification of ZIP code 49336 hinges on analyzing its yield and stability metrics, which include the Fair Market Rent (FMR), market rent, home value, percentage of renters, days on market (DOM), and median household income.
Yield Analysis: The FMR for ZIP 49336 in fiscal year 2024 is set at $1,070, while the market rent stands at $947. This suggests that landlords can potentially charge slightly above the market rate if they align their rental prices with the FMR. However, the home value of $200,900 indicates that the capital investment required is relatively high. Given these figures, the yield is moderate; landlords can expect a reasonable return but not an exceptionally high one compared to the capital outlay.
Stability Analysis: The stability of the market is influenced by several factors. With only 13.2% of residents being renters, the demand for rental properties is low. The median household income of $54,522 provides insight into the financial capacity of the local population to afford housing, including rentals. However, the lack of data on days on market (DOM) means we cannot assess how quickly properties are typically rented out, which is crucial for gauging the turnover speed and vacancy risks.
Based on the available data, ZIP 49336 does not fit the profile of a high-yield/low-stability flip-style market. The FMR is only marginally higher than the market rent, and the low percentage of renters suggests limited demand. Instead, it leans towards a steady-cashflow zone. The moderate yield, combined with the stable income levels, supports a strategy focused on long-term investments with consistent, though not extraordinarily high, returns.
To conclude, the analysis of ZIP 49336 points to a market suitable for landlords and small-portfolio investors seeking reliable, long-term cash flow rather than quick, high-yield flips. The FMR of $1,070 and market rent of $947 provide a basis for pricing that ensures a steady stream of income, while the median household income of $54,522 supports the affordability of rents within the area.
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.