Location: Delta County, MI | Metro: Delta County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
U.S. Census Bureau data (2024)
The ZIP code 49835 is not predominantly a renter-heavy area. With only 8.3% of the population being renters, it indicates that homeownership is more prevalent in this region. The total population stands at 676, suggesting a small community where rental opportunities might be limited.
The median household income in ZIP 49835 is $51,429. This places the typical market rent of $645 at approximately 15% of the average monthly income, which is calculated by dividing the annual median income by 12. This percentage highlights that rent consumes a significant portion of the monthly income, but it remains manageable for most households.
Comparatively, the Fair Market Rent (FMR) for the metro area, set at $1,250 for fiscal year 2026, is notably higher than the current market rent. This suggests that tenants in ZIP 49835 may find it relatively easier to secure housing compared to the broader metropolitan area, given the lower rent prices.
In terms of Section 8 voucher demand, the scarcity of renters in this ZIP code implies that the number of voucher holders looking for housing may also be limited. However, the presence of any voucher holders would still contribute to the overall rental market, albeit on a smaller scale.
A landlord in ZIP 49835 should expect tenants who are likely to be financially constrained, given the high proportion of their income spent on rent. These tenants may prioritize affordability over amenities, and they could include families or individuals who benefit from Section 8 vouchers to help cover their housing costs. Landlords should prepare for a tenant pool that values stability and affordable housing options, making properties that offer consistent living environments attractive.
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.