Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,235$14,820 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Emmet County, MI
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Emmet County, MI
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $863 | $10,356 | $34,520 | $16.60/hr |
| 1-Bedroom Apartment | $941 | $11,292 | $37,640 | $18.10/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,235 | $14,820 | $49,400 | $23.75/hr |
| 3-Bedroom Home | $1,481 | $17,772 | $59,240 | $28.48/hr |
| 4-Bedroom Home | $1,635 | $19,620 | $65,400 | $31.44/hr |
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Frequently Asked Questions About Rent in Emmet County, MI
What is the Fair Market Rent for a 2-bedroom in Emmet County, MI?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Emmet County, MI is $1,235 per month ($14,820 per year).
What hourly wage is needed to afford rent in Emmet County, MI?
To comfortably afford a 2-bedroom apartment at $1,235/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $23.75 per hour ($49,400/year).
What are the HUD Fair Market Rents by bedroom count in Emmet County, MI?
Official 2026 HUD rents in Emmet County, MI are: Studio: $863/mo, 1-Bedroom: $941/mo, 2-Bedroom: $1,235/mo, 3-Bedroom: $1,481/mo, and 4-Bedroom: $1,635/mo.
How do HUD Fair Market Rents compare to local incomes in Emmet County, MI?
At the local Census ACS median household income of $78,112/year ($6,509/month), the benchmark 2-bedroom Fair Market Rent represents 19% of monthly income.
How is the 30% housing affordability standard calculated in Emmet County, MI?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,235/month, the required minimum annual gross income is calculated as ($1,235 × 12) ÷ 0.30 = $49,400 per year.