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RentData.org Logo Iron County Fair Market Rent FY 2019 Iron County, MI Rental Data

Fair Market Rent Prices in Iron County, MI :
$489 $547 $700 $917 $1,230
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 50th Percentile Non-Metro

Fair Market Rent prices in Iron County are average compared to the national average. This FMR area is more expensive than 53% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Iron County is $700 per month.

The previous year, rent for a two-bedroom home was $697 per month. This is a 0.43% 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 11,817 people based on latest Census data.

Compared to the rest of Michigan, the Iron County FMR area is more expensive than 61% 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 $ 489
1-BR 1-Bedroom $ 547
2-BR 2-Bedroom $ 700
3-BR 3-Bedroom $ 917
4-BR 4-Bedroom $ 1230
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 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 11,817
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

What's Next?

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