Logo Iron County Fair Market Rent FY 2009 Iron County, MI Rental Data

Fair Market Rent Prices in Iron County, MI :
$398 $476 $577 $706 $839
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 Iron County are low compared to the national average. This FMR area is less expensive than 62% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Iron County is $577 per month.

The previous year, rent for a two-bedroom home was $555 per month. This is a 3.96% increase year-over-year.

This FMR rate applies to Alpha, MI, Amasa, MI, Gaastra, MI, Stambaugh, MI, Caspian, MI, Republic, MI, Iron River, MI and other cities within the region. The Metro Code or CBSA code for this region is NCNTY26071N26071.

Additionally, This Fair Market Rent (FMR) area Iron County, MI spans one county or city in Michigan which is listed in the table below. Estimated population of Iron County, MI FMR area is 13,138 people based on latest Census data.

Compared to the rest of Michigan, the Iron County FMR area is less expensive than 91% 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 Iron County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Iron 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 $ 407
1-BR 1-Bedroom $ 475
2-BR 2-Bedroom $ 577
3-BR 3-Bedroom $ 736
4-BR 4-Bedroom $ 835
Change Year:

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

County / Region Est. Population
Iron County, MI 13,138
Zip Codes in Iron County, MI

There are 7 unique zip codes in this Fair Market Rent (FMR) area:

49879, 49902, 49903, 49915, 49927, 49935 and 49964

Lookup Fair Market Rent by Zip Code