Logo Lake County Fair Market Rent FY 2013 Lake County, MI Rental Data

Fair Market Rent Prices in Lake County, MI :
$436 $463 $626 $861 $1,105
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 Lake County are average compared to the national average. This FMR area is more expensive than 59% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lake County is $626 per month.

The previous year, rent for a two-bedroom home was $605 per month. This is a 3.47% increase year-over-year.

This FMR rate applies to Idlewild, MI, Chase, MI, Branch, MI, Luther, MI, Bitely, MI, Irons, MI, Tustin, MI, Leroy, MI, Baldwin, MI, Reed City, MI and other cities within the region. The Metro Code or CBSA code for this region is NCNTY26085N26085.

Additionally, This Fair Market Rent (FMR) area Lake County, MI spans one county or city in Michigan which is listed in the table below. Estimated population of Lake County, MI FMR area is 11,539 people based on 2010 Census data.

Compared to the rest of Michigan, the Lake County FMR area is more expensive than 51% 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 Lake County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Lake 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 $ 457
1-BR 1-Bedroom $ 484
2-BR 2-Bedroom $ 655
3-BR 3-Bedroom $ 900
4-BR 4-Bedroom $ 1156
Change Year:

There is just one county (listed below) within the Lake County, MI FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Traverse City - Cadillac and Grand Rapids - Kalmzoo - B. Crk.

County / Region Est. Population
Lake County, MI 11,539
Zip Codes in Lake County, MI

There are 11 unique zip codes in this Fair Market Rent (FMR) area:

49304, 49309, 49402, 49601, 49623, 49642, 49644, 49655, 49656, 49677 and 49688

Lookup Fair Market Rent by Zip Code