What HUD offices serve Fife Lake, Michigan?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Michigan Public Housing and Low-Income Apartments Waiting Lists page for openings near Fife Lake.
How many renters live in Fife Lake, Michigan?
The City of Fife Lake has 338 people living in 142 households.
There are 40 renters living in 18 renter households in this City. Renters make up 11.83 percent of the population living in Fife Lake.
What is the rental market like in Fife Lake, Michigan?
There are an estimated 226 housing units in the Fife Lake area. Of these, 23 units are rental homes, making up 10 percent of the housing market. For every renter household in Fife Lake, Michigan, there are 1 rental units.
What is the vacancy rate for rentals in Fife Lake?
The rental vacancy rate in Fife Lake is 22 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Fife Lake for each bedroom size?
Occupied Rental Units by Size in Fife Lake
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 1 | 11 | 6 | 0 |
Occupied Rental Units by Size in Fife Lake
A large number of apartments in Fife Lake have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Fife Lake are overburdened by housing costs?
Among renter households in this market, 72 percent have housing cost burden. Further, 0 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Fife Lake
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,044 to $1,641. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,044 |
| One BR | $1,061 |
| Two BR | $1,232 |
| Three BR | $1,490 |
| Four BR | $1,641 |
2024 Fair Market Rents in Fife Lake, Michigan
How many units are rented at Fair Market Rent (FMR) in Fife Lake?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| One BR | 0 | 100 percent |
| Two BR | 9 | 82 percent |
Rental Units Below FMR in Fife Lake, Michigan
How many affordable rental units are in Fife Lake?
Income Based Apartments in Fife Lake, Michigan
Fife Lake features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Fife Lake, Michigan
There are 34 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fife Lake.
Housing Choice Vouchers in Fife Lake, Michigan
On average, Section 8 Housing Choice vouchers pay Fife Lake landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Fife Lake.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fife Lake, Michigan for a two-bedroom apartment is between $1,109 and $1,355.
Sourced from federal housing data and AffordableHousingOnline.com research.
