Location: Otsego County, MI | Metro: Otsego County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
1,100 is the Fair Market Rent (FMR) for ZIP code 49797 in metro FY 2026, indicating the rental cost threshold for Section 8 eligibility. The market rent and median home value are currently unavailable, suggesting limited data points for precise analysis. The lack of specific figures for the renter share and median income highlights a need for further investigation into the demographic makeup of the area. The absence of days on market (DOM) and price-cut share percentages suggests stability in the real estate market, with few properties changing hands or needing price adjustments.
Despite these limitations, ZIP code 49797 is situated in Otsego County within the North Michigan Area, providing a context for its real estate environment. The primary school district serving this area is the Gaylord Community Schools, which could influence property values and demand.
Verdict: Given the available FMR of $1,100, landlords and small-portfolio investors in ZIP code 49797 should consider this figure when setting rents to ensure compliance with Section 8 guidelines. However, the lack of comprehensive data points limits a full assessment of the investment potential.
Data Sources: FMR data from HUD (2027).
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.