Location: Menominee County, MI | Metro: Menominee County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The ZIP code 49874, located in Menominee County, MI, serves as a strategic cash-flow anchor within a Section 8 portfolio. This designation is based on the significant spread between the Fair Market Rent (FMR) and the actual market rent for the area. For fiscal year 2026, the FMR for the metro area is set at $970. In contrast, the current market rent stands at $450, which means there is a substantial gap that benefits landlords participating in the Section 8 program.
The median home value in ZIP 49874 is $177,039, indicating that it is an affordable housing market. This affordability aligns well with the financial assistance provided by the Section 8 Housing Choice Voucher program, which aims to help low-income families afford decent, safe, and sanitary housing. Landlords who own properties in this ZIP can expect steady rental income that is higher than the local market rate, thanks to the government subsidy covering the difference between the market rent and the tenant's portion, which is typically 30% of their income.
The ZIP code also has a median income of $62,500, suggesting that while it is not a high-income area, it is economically stable enough to support a reliable tenant pool. The 16.3% renter share indicates that a significant portion of the population relies on rental housing, further solidifying the potential for consistent demand.
Given these factors, ZIP 49874 is best suited as a cash-flow anchor due to the guaranteed income from the Section 8 program, which exceeds the local market rates. This strategy ensures that landlords can count on a predictable and stable source of revenue, which is crucial for managing financial risks and maintaining a healthy portfolio balance.
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.