Location: Alger County, MI | Metro: Alger County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The ZIP code 49826, located within the Alger County, MI metro area, has a Family Monthly Income Rent (FMR) of $1,070 for fiscal year 2026. This figure provides insight into the financial landscape of the area, particularly relevant for landlords and small-portfolio investors interested in Section 8 housing.
Comparatively, the lack of data on market rent and home values suggests that 49826 might be less developed or have a smaller population relative to other ZIP codes in Alger County. The absence of these figures can indicate a limited supply of rental properties and homes for sale, which could mean higher competition among investors for available properties.
The 0.0% renter share in ZIP 49826 is a critical point of divergence when considering it against typical Alger County ZIP codes. A zero percent renter share implies that there are no households renting within this ZIP code, which is unusual and points towards a unique situation. This could mean that all residents own their homes, or there simply aren't any rental units available in the area.
Given the FMR of $1,070 and the lack of market rent and home value data, ZIP 49826 appears to be neither a typical mid-tier neighborhood nor a premium sub-market within its metro. Instead, it seems to represent a niche or possibly a value pocket where opportunities for investment might be limited but could offer significant potential if rental units become more prevalent.
The absence of a renter share combined with the specific FMR figure does not signal a traditional Section 8 sweet spot. However, should the area develop more rental properties, the existing FMR could make it attractive for tenants seeking government-subsidized housing, potentially turning it into a valuable investment area.
To further understand the dynamics of ZIP 49826 within the Alger County, MI metro, one would need additional data points such as the number of Section 8 vouchers issued in the area, the trend in property ownership versus renting over time, and the demographic makeup of the population.
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.