FY2026 Fair Market Rents — Gogebic County
Studio
$689
1BR
$761
2BR
$973
3BR
$1,353
4BR
$1,411
Gogebic County, Michigan
FIPS 26053 · County-level FMR and income limit data
FMR Area: Gogebic County, MI
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $689 | $8,268 |
| 1-Bedroom | $761 | $9,132 |
| 2-Bedroom | $973 | $11,676 |
| 3-Bedroom | $1,353 | $16,236 |
| 4-Bedroom | $1,411 | $16,932 |
To afford the FY2026 2-bedroom FMR of $973/mo under the 30%-of-income rule, a household needs about
$38,920/yr ($3,243/mo). Area Median Income is $70,500.
At MI's state minimum wage of $12.48/hr, a worker would need to work 60 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $689 | $761 | $973 | $1,353 | $1,411 |
| FY2025 | $654 | $733 | $933 | $1,281 | $1,285 |
| FY2024 | $633 | $720 | $905 | $1,235 | $1,239 |
| FY2023 | $571 | $653 | $826 | $1,174 | $1,185 |
| FY2022 | $524 | $606 | $757 | $1,075 | $1,280 |
| FY2021 | $503 | $611 | $734 | $1,050 | $1,271 |
| FY2020 | $495 | $595 | $713 | $1,029 | $1,252 |
FY2026 Income Limits
Area Median Income: $70,500
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $17,600 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $29,300 | $33,450 | $37,650 | $41,800 | $45,150 | $48,500 |
| 80% AMI | $46,850 | $53,550 | $60,250 | $66,900 | $72,300 | $77,650 |