Location: Antrim County, MI | Metro: Kalkaska County, MI HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
The classification of ZIP code 49612 hinges on the interplay between its yield potential and stability metrics. With a Fair Market Rent (FMR) of $1,030 for the metro area in fiscal year 2026, compared to a market rent of $857, there's an opportunity for landlords to charge above the average market rate, indicating a relatively high yield potential. However, the median home value stands at $410,848, which is significantly higher than both the FMR and market rent figures. This suggests that while rental income can be lucrative, the capital investment required to enter the market is substantial.
Moving to the stability axis, the data reveals a more nuanced picture. The ZIP code has a low percentage of renters at 10.2%, which might imply that the market is less stable due to a smaller pool of potential tenants. The absence of day DOM (days on market) data indicates a lack of turnover information, making it challenging to assess how quickly properties can be leased or sold. Lastly, the average income figure of $85,156 provides some insight into the financial health of residents but does not directly correlate with rental stability or demand.
Given these figures, ZIP 49612 appears to be a market that offers a balance between yield and stability. It's not a high-yield/low-stability flip-style market, as the rental rates, while above average, do not drastically outpace the home values. At the same time, it's not purely a steady-cashflow zone, as the relatively low renter population percentage introduces some risk. Landlords and small-portfolio investors should consider the higher initial investment required to purchase properties in this ZIP code, alongside the potential for slightly above-average rental income. The key decision factor will likely be the investor's tolerance for risk and their ability to manage a property in a market with a smaller tenant base.
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.