Location: Manistee County, MI | Metro: Benzie County, MI HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
U.S. Census Bureau data (2024)
The ZIP code 49613, located in a county with unique characteristics, stands out due to its low population density and specific economic indicators. With only 528 residents, it has a minimal rental market at just 3.2%, indicating that most residents own their homes. The median income of $77,955 suggests a relatively affluent community, while the median home value of $407,907 reflects a high cost of living in the area.
Moving into the specifics of Section 8 housing assistance, the Fair Market Rent (FMR) for ZIP 49613 is set at $1,090 for the fiscal year 2026. This figure is crucial for landlords considering participation in the program. However, the lack of available market rent data means that landlords must rely on the FMR to determine the viability of accepting vouchers. Given the high median home value, it's likely that rental properties in this ZIP code command higher rates, which could make the FMR seem low in comparison.
The data signature for ZIP 49613 reads as stable. The high median income and home values suggest a consistent economic environment where property values and rents are unlikely to fluctuate dramatically. While the rental market is small, the stability of the overall economy provides a reliable backdrop for landlords who might consider participating in the Section 8 program.
For landlords, the decision to accept Section 8 vouchers should be made carefully, considering the limited rental market and the potential difference between the FMR and actual market rents. Despite these factors, the stable economic conditions of ZIP 49613 offer a predictable environment for managing rental properties under the Section 8 program.
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.