Location: Chippewa County, MI | Metro: Chippewa County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The ZIP code 49768 stands out due to its unique demographic and economic characteristics. With only 358 residents, it is one of the smallest communities, yet it has a notable 16.3% of residents who rent their homes. The median income here is $73,750, indicating a middle-class area where residents can afford housing but still rely on assistance. The median home value of $206,781 suggests that homeownership is relatively affordable compared to larger metropolitan areas.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,070. However, the local market rent data is currently unavailable, which means landlords should closely monitor any updates to get a clearer picture of rental trends. Despite the lack of specific market rent figures, the FMR provides a benchmark for rental rates that can be expected from tenants using vouchers.
The data signature for ZIP 49768 reads as stable. The small population size and the presence of a significant percentage of renters indicate a steady demand for rental properties. Landlords and small-portfolio investors can expect a consistent flow of potential tenants who may qualify for Section 8 vouchers, making this ZIP code a reliable investment opportunity. The median income level supports the idea that there is a mix of financial stability and need for assistance, creating an environment where Section 8 can be a viable option for both tenants and property owners.
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.