FY2026 Fair Market Rents — Houghton County
Studio
$795
1BR
$800
2BR
$973
3BR
$1,353
4BR
$1,632
Houghton County, Michigan
FIPS 26061 · County-level FMR and income limit data
FMR Area: Houghton County, MI
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $795 | $9,540 |
| 1-Bedroom | $800 | $9,600 |
| 2-Bedroom | $973 | $11,676 |
| 3-Bedroom | $1,353 | $16,236 |
| 4-Bedroom | $1,632 | $19,584 |
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 $89,400.
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 | $795 | $800 | $973 | $1,353 | $1,632 |
| FY2025 | $776 | $780 | $933 | $1,307 | $1,567 |
| FY2024 | $710 | $758 | $905 | $1,275 | $1,536 |
| FY2023 | $573 | $680 | $826 | $1,174 | $1,407 |
| FY2022 | $503 | $612 | $757 | $1,075 | $1,296 |
| FY2021 | $484 | $582 | $734 | $993 | $1,271 |
| FY2020 | $471 | $555 | $713 | $921 | $1,252 |
FY2026 Income Limits
Area Median Income: $89,400
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $18,800 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $31,300 | $35,800 | $40,250 | $44,700 | $48,300 | $51,900 |
| 80% AMI | $50,050 | $57,200 | $64,350 | $71,500 | $77,250 | $82,950 |