Location: Mackinac County, MI | Metro: Mackinac County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,210 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,590 |
| 3 Bedrooms | $1,940 |
| 4 Bedrooms | $2,240 |
| 5 Bedrooms | $2,598 |
| 6 Bedrooms | $2,910 |
| 7 Bedrooms | $3,143 |
| 8 Bedrooms | $3,300 |
U.S. Census Bureau data (2024)
The ZIP code 49757, with a population of 561, has a significant rental market presence, with 51.1% of residents being renters. This indicates that it is a renter-heavy area with potential for deep voucher demand. However, the median household income stands at $95,000, which is notably higher than the typical market rent of $1,197. In comparison to the Fair Market Rent (FMR) of $1,480 (for fiscal year 2026, based on metro data), the actual market rent is lower, suggesting that the area is somewhat affordable relative to broader regional standards.
The typical rent consumes approximately 15.2% of the local median income, calculated by dividing the market rent of $1,197 by the median household income of $95,000 and multiplying by 100. This percentage is relatively low, indicating that the majority of residents can afford rent without relying heavily on subsidies. Landlords should be aware that while there is a substantial number of renters, the likelihood of finding tenants who require Section 8 vouchers might be limited due to the higher median income levels.
In terms of tenant profiles, landlords in ZIP 49757 can expect a mix of working professionals and families who can manage their housing costs without extensive financial assistance. The area's affordability relative to the FMR suggests that it attracts individuals who may be seeking more cost-effective living options compared to other parts of the metropolitan area. Despite the high proportion of renters, the income levels imply that tenants will likely have stable employment and the ability to pay rent directly rather than through voucher programs.
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.