Logo Cheboygan County Fair Market Rent FY 2021 Cheboygan County, MI Rental Data

Fair Market Rent Prices in Cheboygan County, MI :
$504 $558 $735 $928 $997
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Cheboygan County are very low compared to the national average. This FMR area is less expensive than 79% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Cheboygan County is $735 per month.

The previous year, rent for a two-bedroom home was $713 per month. This is a 3.09% increase year-over-year.

This FMR rate applies to Tower, MI, Mullett Lake, MI, Burt Lake, MI, Topinabee, MI, Carp Lake, MI, Afton, MI, Brutus, MI, Mackinaw City, MI, Pellston, MI, Levering, MI and other cities within the region. The Metro Code or CBSA code for this region is NCNTY26031N26031.

Additionally, This Fair Market Rent (FMR) area Cheboygan County, MI spans one county or city in Michigan which is listed in the table below. Estimated population of Cheboygan County, MI FMR area is 0 people based on 2000 Census data.

Compared to the rest of Michigan, the Cheboygan County FMR area is less expensive than 97% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Cheboygan County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Cheboygan County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 545
1-BR 1-Bedroom $ 604
2-BR 2-Bedroom $ 796
3-BR 3-Bedroom $ 1005
4-BR 4-Bedroom $ 1079
Change Year:

There is just one county (listed below) within the Cheboygan County, MI FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Traverse City - Cadillac.

County / Region Est. Population
Cheboygan County, MI 0
Zip Codes in Cheboygan County, MI

There are 15 unique zip codes in this Fair Market Rent (FMR) area:

49701, 49705, 49706, 49716, 49717, 49718, 49721, 49749, 49755, 49761, 49765, 49769, 49791, 49792 and 49799

Lookup Fair Market Rent by Zip Code