Location: Marquette County, MI | Metro: Marquette County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
The ZIP code 49871 has a population of 392 individuals, with 13.3% identified as renters. The median household income in this area stands at $63,125. This demographic suggests that the area is not heavily dominated by renters; rather, it leans towards a homeowner-dominated environment where the presence of housing vouchers is likely to be less prevalent.
The average market rent for the area is $679, which constitutes approximately 10.75% of the median household income. This percentage indicates that the typical rent is relatively affordable compared to the local income levels. However, it's also important to consider the Fair Market Rent (FMR), which is set at $970 for the fiscal year 2026 in the metropolitan area. This discrepancy between the market rent ($679) and the FMR ($970) implies that landlords in ZIP 49871 might find their rental properties more attractive to tenants who qualify for housing vouchers, given that the voucher amount exceeds the market rate.
A landlord in ZIP 49871 should anticipate a tenant pool that includes both those who can afford the market rent without assistance and others who rely on housing vouchers. The latter group will likely have an easier time finding accommodations due to the lower market rent relative to the FMR. Tenants in this ZIP code are expected to have incomes below the median, but still within a range that makes them viable candidates for renting properties at or slightly above the market rate.
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.