Location: Delta County, MI | Metro: Delta County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,340 |
| 3 Bedrooms | $1,780 |
| 4 Bedrooms | $2,230 |
| 5 Bedrooms | $2,587 |
| 6 Bedrooms | $2,897 |
| 7 Bedrooms | $3,129 |
| 8 Bedrooms | $3,285 |
U.S. Census Bureau data (2024)
The median home value in ZIP 49872, located in Delta County, MI, is $164,300. This figure is notably lower than the national median home value of $338,100, according to recent data from BestPlaces. The HUD Fair Market Rent (FMR) for the metro area, set at $1,310 per month for FY 2026, is the benchmark for Section 8 voucher holders. However, the typical market rent for a 1-bedroom unit in ZIP 49872 is $748 per month, as reported by RenewalReply.
Given these numbers, voucher tenants will generally cashflow at the FMR level. The disparity between the HUD FMR and the actual market rent suggests that landlords can expect a positive cashflow when renting to voucher holders, even without premium units. For instance, a landlord renting a 1-bedroom unit at the market rate of $748 would receive $1,310 from the voucher program, leading to a surplus of $562 per month before expenses.
The rent-to-price ratio in ZIP 49872 is relatively low due to the affordable median home value. This means that rental income can be a significant portion of the total cost of owning a home in this area, making it a good choice for investors focused on rental yields. The data does not provide a median days on market (DOM) or percentage of price cuts, but given the stable rent movement noted by RentResearcher, it is likely that the buy-versus-rent dynamics are favorable for investors seeking stability.
The strongest angle for investors in ZIP 49872 is cashflow, given the discrepancy between the HUD FMR and the local market rent rates. This allows for a substantial monthly profit when renting to voucher holders, which can be reinvested or used to cover other expenses associated with property management.
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.