Location: Marquette County, MI | Metro: Marquette County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The Section 8 market in ZIP code 49833, located in Marquette County, MI, offers a clear path for real estate investors seeking stable returns. The HUD Fair Market Rent (FMR) for the metro area is set at $1,140 for fiscal year 2026. However, the local market rent data is currently unavailable, which makes it challenging to directly compare FMR to actual market rates. Despite this gap in information, the median home value in the area is $167,027, allowing us to derive a rent-to-price ratio that can inform investment decisions.
Voucher tenants in this ZIP code will cashflow at the HUD FMR rate of $1,140, given the low median home value. This means that landlords can expect to cover their mortgage payments, maintenance costs, and other expenses while still generating a profit from their rental properties. The rent-to-price ratio is favorable, indicating that properties can be purchased at a reasonable cost relative to the expected rental income. This dynamic supports the viability of Section 8 investments in the area.
While the exact days on market (DOM) and percentage of price cuts are not available, the lack of these figures does not significantly impact the overall assessment. The primary focus for investors should remain on the HUD FMR and the median home value, as these provide a solid foundation for understanding the financial landscape.
The strongest investor angle in ZIP code 49833 is cashflow. With a HUD FMR of $1,140 and a median home value of $167,027, investors can secure properties that generate positive cashflow from the outset, ensuring a reliable and consistent return on investment.
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.