Location: Dickinson County, MI | Metro: Dickinson County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,310 |
| 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 classification of ZIP code 49876 hinges significantly on the available data points, particularly focusing on the yield and stability metrics. With a Fair Market Rent (FMR) of $1,000 for the fiscal year 2026, the area stands out as potentially lucrative for rental investments, especially when compared to the absence of market rent and home value data which suggests that traditional property values do not offer comparable investment returns.
Stability, however, presents a more nuanced picture. The ZIP code has only 5.6% of its population categorized as renters, indicating a low demand for rental properties. Additionally, the lack of days on market (DOM) data further complicates the assessment of how quickly rental units can be filled, suggesting potential difficulties in maintaining a steady cash flow. The median household income of $39,853 provides some insight into the economic health of the area but does not directly correlate to rental demand or stability.
Given these factors, ZIP code 49876 appears to be neither a high-yield/low-stability flip-style market nor a steady-cashflow zone. The FMR of $1,000 suggests a moderate yield, but the low percentage of renters (5.6%) and the missing market data indicate instability and unpredictability in the rental market. This instability could be due to various factors including seasonal employment patterns, transient populations, or other socio-economic dynamics not captured by the provided data.
To summarize, while there is potential for decent rental income with the $1,000 FMR, the low renter population and incomplete market data point towards an investment climate that requires careful consideration and possibly additional research before making any definitive investment decisions.
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.