Location: Menominee County, MI | Metro: Delta County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,750 |
| 4 Bedrooms | $2,140 |
| 5 Bedrooms | $2,482 |
| 6 Bedrooms | $2,780 |
| 7 Bedrooms | $3,002 |
| 8 Bedrooms | $3,152 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 49807, located in Menominee County, MI, reveals a favorable environment for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area, set at $1,100 for the fiscal year 2026, exceeds the current market rent of $936 based on Census ACS data. This indicates that voucher tenants will generally cashflow at the FMR level, providing a stable income source above typical market rates.
To further analyze the investment potential, consider the median home value in the area, which stands at $225,742. Using this figure, we can calculate a rent-to-price ratio. With an annual rent of $11,200 (based on the FMR), the ratio comes out to approximately 5%, suggesting that rental income is a significant portion of the property's value. This makes the area attractive for those looking to leverage their investment through rental income.
While the data does not provide specific figures for the median days on market (DOM) or the percentage of homes that required price cuts, these metrics typically influence the rent-versus-buy dynamics. In areas where DOM is high and price cuts are common, renting becomes a more appealing option for many residents, potentially increasing demand for rental properties.
The strongest investor angle in ZIP 49807 is likely cashflow. Given the discrepancy between the HUD FMR and the market rent, landlords can expect to see positive cashflow from Section 8 tenants, making it an excellent opportunity for those prioritizing steady, reliable income from their investments.
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.