Location: Menominee County, MI | Metro: Menominee County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
The ZIP code 49893 stands out with its unique data signature, comprising a total of 1,320 residents, where only 7.6% are renters. The median income here is $63,125, and the median home value is notably higher at $215,700. This indicates a predominantly owner-occupied community with relatively high property values.
When it comes to Section 8 vouchers, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. However, the actual market rent, according to the Census ACS, is $763. This discrepancy suggests that landlords who accept Section 8 vouchers could potentially see an increase in rental income, making it a viable option for those looking to maximize their returns in this ZIP code.
The data signature for ZIP 49893 reads as stable. With a high median home value and a low percentage of renters, the community appears to be settled and less prone to rapid demographic shifts. Landlords and small-portfolio investors should consider the economic benefits of accepting Section 8 vouchers, which can provide a steady stream of tenants willing to pay a rate closer to the FMR, thereby offering a financial advantage over the current market rents.
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.