Logo Luce County Fair Market Rent FY 2006 Luce County, MI Rental Data

Fair Market Rent Prices in Luce County, MI :
$347 $424 $503 $660 $719
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 Luce County are low compared to the national average. This FMR area is less expensive than 58% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Luce County is $503 per month.

This FMR rate applies to Mc Millan, MI and other cities within the region. The Metro Code or CBSA code for this region is NCNTY26095N26095.

Additionally, This Fair Market Rent (FMR) area Luce County, MI spans one county or city in Michigan which is listed in the table below. Estimated population of Luce County, MI FMR area is 7,024 people based on 2000 Census data.

Compared to the rest of Michigan, the Luce County FMR area is less expensive than 81% 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 Luce County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Luce 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 $ 354
1-BR 1-Bedroom $ 445
2-BR 2-Bedroom $ 534
3-BR 3-Bedroom $ 687
4-BR 4-Bedroom $ 745
Change Year:

There is just one county (listed below) within the Luce 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
Luce County, MI 7,024
Zip Codes in Luce County, MI

There is 1 unique zip code in this Fair Market Rent (FMR) area:


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