FY2026 Fair Market Rents — Charlevoix County
Studio
$736
1BR
$800
2BR
$1,039
3BR
$1,445
4BR
$1,622
Charlevoix County, Michigan
FIPS 26029 · County-level FMR and income limit data
FMR Area: Charlevoix County, MI
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $736 | $8,832 |
| 1-Bedroom | $800 | $9,600 |
| 2-Bedroom | $1,039 | $12,468 |
| 3-Bedroom | $1,445 | $17,340 |
| 4-Bedroom | $1,622 | $19,464 |
To afford the FY2026 2-bedroom FMR of $1,039/mo under the 30%-of-income rule, a household needs about
$41,560/yr ($3,463/mo). Area Median Income is $97,400.
At MI's state minimum wage of $12.48/hr, a worker would need to work 65 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $736 | $800 | $1,039 | $1,445 | $1,622 |
| FY2025 | $665 | $773 | $950 | $1,331 | $1,550 |
| FY2024 | $671 | $784 | $960 | $1,353 | $1,537 |
| FY2023 | $606 | $703 | $877 | $1,246 | $1,386 |
| FY2022 | $571 | $647 | $825 | $1,172 | $1,339 |
| FY2021 | $555 | $625 | $810 | $1,123 | $1,363 |
| FY2020 | $521 | $578 | $750 | $1,030 | $1,284 |
FY2026 Income Limits
Area Median Income: $97,400
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,450 | $23,400 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $34,100 | $39,000 | $43,850 | $48,700 | $52,600 | $56,500 |
| 80% AMI | $54,550 | $62,350 | $70,150 | $77,900 | $84,150 | $90,400 |