Section 8 Fair Market Rent (FMR) for ZIP 49626 - 2027

Location: Manistee County, MI | Metro: Manistee County, MI

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$750
1 Bedroom	$810
2 Bedrooms	$1,050
3 Bedrooms	$1,340
4 Bedrooms	$1,380
5 Bedrooms	$1,601
6 Bedrooms	$1,793
7 Bedrooms	$1,936
8 Bedrooms	$2,033

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

242

Median Household Income

$50,208

Housing Units

151

Renter Percentage

9.4%

Occupancy Rate

77.5%

Renter Occupied

The ZIP code 49626, located in Michigan, is characterized by its stable housing market and a significant portion of renters. This area presents opportunities for landlords and small-portfolio investors looking to capitalize on the demand for affordable housing.

Fair Market Rent (FMR): The Fair Market Rent for the metro area including ZIP 49626 is set at $1,040 for fiscal year 2026, providing a benchmark for rental pricing.
Renter Share: Rents account for 9.4% of the total housing units, indicating a strong presence of the rental market in this region.
Median Income: The median household income in ZIP 49626 is $50,208, offering insight into the financial capabilities of potential tenants.
Market Rent: Unfortunately, the specific market rent for ZIP 49626 is not available, but given the FMR, it's reasonable to assume that market rents will be close to this figure, adjusted for local conditions.
Median Home Value: The median home value is not available, which means we cannot directly compare the cost of homeownership versus renting. However, the focus on rental properties remains clear.
Days on Market (DOM): The days on market for rental listings is not available, making it difficult to assess how quickly properties are rented out in this area.

In summary, ZIP 49626 offers a solid investment opportunity for those interested in the rental market, particularly with the Fair Market Rent set at $1,040. The high percentage of renters suggests a consistent demand for rental properties, while the median income provides assurance that tenants can afford these rents. Although specific market rent and median home values are not available, the data points towards a viable rental market with steady demand.

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.