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RentData.org Logo Alger County Fair Market Rent FY 2017 Alger County, MI Rental Data

Fair Market Rent Prices in Alger County, MI :
$482 $516 $681 $898 $1,200
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 Alger County are average compared to the national average. This FMR area is more expensive than 55% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Alger County is $681 per month.

The previous year, rent for a two-bedroom home was $658 per month. This is a 3.5% increase year-over-year.

This FMR rate applies to Deerton, MI, Eben Junction, MI, Rumely, MI, Grand Marais, MI, Shingleton, MI, Au Train, MI, Trenary, MI, Chatham, MI, Wetmore, MI, Skandia, MI and other cities within the region. The Metro Code or CBSA code for this region is NCNTY26003N26003.

Additionally, This Fair Market Rent (FMR) area Alger County, MI spans one county or city in Michigan which is listed in the table below. Estimated population of Alger County, MI FMR area is 9,601 people based on latest Census data.

Compared to the rest of Michigan, the Alger County FMR area is more expensive than 54% 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 Alger County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Alger 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 $ 496
1-BR 1-Bedroom $ 531
2-BR 2-Bedroom $ 701
3-BR 3-Bedroom $ 924
4-BR 4-Bedroom $ 1235
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

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

County / Region Est. Population
Alger County, MI 9,601
Zip Codes in Alger County, MI

There are 12 unique zip codes in this Fair Market Rent (FMR) area:

49806, 49816, 49822, 49825, 49826, 49839, 49862, 49878, 49884, 49885, 49891 and 49895

Lookup Fair Market Rent by Zip Code

What's Next?

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