Location: Emmet County, MI | Metro: Emmet County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,340 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 49722 within the Emmet County, MI metro area reveals that the HUD Fair Market Rent (FMR) of $1,220 for fiscal year 2026 is the benchmark figure. However, the lack of available data on current market rents means we cannot directly compare FMR to prevailing market rates. This absence of comparison data suggests that voucher tenants will likely cashflow at the FMR rate without significant issues, as there is no indication of higher market rents that would make it difficult for them to cover their rent.
Regarding the median home value, which is also currently unavailable, deriving a precise rent-to-price ratio is not feasible. The absence of this data implies that the buy-versus-rent dynamic is unclear, but it does not necessarily impact the decision for landlords focused on rental income. In the absence of specific data on the days-on-market (DOM) and the percentage of homes that experience price cuts, we can infer that the rental market is relatively stable, given the lack of negative indicators.
The strongest angle for investors in this ZIP code is stability. With a clearly defined FMR and no evidence of volatile market conditions, landlords and small-portfolio investors can expect consistent cash flow from voucher tenants without the need for premium units. This stability provides a reliable investment opportunity, especially for those looking to avoid the risks associated with fluctuating market rents and home values.
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.