FY2026 Fair Market Rents — Emmet County
Studio
$863
1BR
$941
2BR
$1,235
3BR
$1,481
4BR
$1,635
Emmet County, Michigan
FIPS 26047 · County-level FMR and income limit data
FMR Area: Emmet County, MI
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $863 | $10,356 |
| 1-Bedroom | $941 | $11,292 |
| 2-Bedroom | $1,235 | $14,820 |
| 3-Bedroom | $1,481 | $17,772 |
| 4-Bedroom | $1,635 | $19,620 |
To afford the FY2026 2-bedroom FMR of $1,235/mo under the 30%-of-income rule, a household needs about
$49,400/yr ($4,117/mo). Area Median Income is $101,700.
At MI's state minimum wage of $12.48/hr, a worker would need to work 77 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $863 | $941 | $1,235 | $1,481 | $1,635 |
| FY2025 | $808 | $880 | $1,154 | $1,390 | $1,535 |
| FY2024 | $826 | $900 | $1,182 | $1,429 | $1,675 |
| FY2023 | $652 | $745 | $975 | $1,197 | $1,385 |
| FY2022 | $595 | $685 | $896 | $1,161 | $1,296 |
| FY2021 | $578 | $665 | $876 | $1,165 | $1,248 |
| FY2020 | $520 | $605 | $797 | $1,059 | $1,135 |
FY2026 Income Limits
Area Median Income: $101,700
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $21,350 | $24,400 | $27,450 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $35,600 | $40,700 | $45,800 | $50,850 | $54,950 | $59,000 |
| 80% AMI | $56,950 | $65,100 | $73,250 | $81,350 | $87,900 | $94,400 |