Rent by ZIP · Iron County
Rent in Caspian, MI 49915
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,050 (+1.9% vs FY2026). Renters in this ZIP code pay a median $780 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $750 | $730 | +2.7% | $675–825 | – |
| 1 bedroom | $800 | $780 | +2.6% | $720–880 | $773 ±$11 |
| 2 bedrooms | $1,050 | $1,030 | +1.9% | $945–1,155 | $675 ±$160 |
| 3 bedrooms | $1,250 | $1,230 | +1.6% | $1,125–1,375 | $835 ±$48 |
| 4 bedrooms | $1,380 | $1,360 | +1.5% | $1,242–1,518 | – |
Small Area FMRs for the Iron County, MI. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Iron County, MI, 2 bedrooms: $1,132.
What renters pay in 49915
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 49916 | Chassell | $1,050 | $1,042 |
| 49913 | Calumet | $1,010 | $813 |
| 49917 | Copper City | $1,040 | – |
| 49912 | Bruce Crossing | $1,010 | – |
| 49918 | Copper Harbor | $1,010 | – |
| 49911 | Bessemer | $1,010 | $695 |
Fair Market Rents across Iron County, MI · All MI counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.