Location: Delta County, MI | Metro: Delta County, MI
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,490 | $235,606 | 0.63% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 49837 is set at $1,090 for metro fiscal year 2026. This figure represents the payment standard for Section 8 housing vouchers, meaning that if you participate in the program, the government will pay up to $1,090 per month towards rent for eligible tenants. It's important to note that this is not your rent; it's the maximum amount the government will contribute.
In comparison, the average rent in ZIP 49837, based on Census ACS data, stands at $887. This suggests that the FMR is higher than the typical market rate, which can be advantageous for landlords who want to ensure they receive a fair and consistent income through the Section 8 program.
With 10.7% of the population being renters, there is a steady demand for rental properties. This percentage indicates that nearly one out of every ten residents is looking for a place to rent, making it a viable market for Section 8 rentals.
If you're considering purchasing a property in ZIP 49837 for a Section 8 rental, the median home value is $206,428. This gives you an idea of the acquisition cost for a typical property in the area. Given the FMR and the local rent trends, this investment could provide a reasonable return over time.
Before committing to a Section 8 rental in ZIP 49837, verify that your property meets all the necessary inspection criteria set by the local housing authority. These criteria ensure that the living conditions are safe and meet minimum standards, which is essential for qualifying for the program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.