Arenac County, MI · FY2026 area median income $76,800 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $293 | $439 | $586 | $732 | $879 | $1,025 | $1,172 |
| 1BR | $313 | $470 | $627 | $784 | $941 | $1,098 | $1,255 |
| 2BR | $376 | $564 | $753 | $941 | $1,129 | $1,317 | $1,506 |
| 3BR | $434 | $652 | $869 | $1,086 | $1,304 | $1,521 | $1,739 |
| 4BR | $485 | $727 | $970 | $1,212 | $1,455 | $1,697 | $1,940 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $17,580 | $29,300 | $35,160 | $46,880 |
| 2 persons | $20,070 | $33,450 | $40,140 | $53,520 |
| 3 persons | $22,590 | $37,650 | $45,180 | $60,240 |
| 4 persons | $25,080 | $41,800 | $50,160 | $66,880 |
| 5 persons | $27,090 | $45,150 | $54,180 | $72,240 |
| 6 persons | $29,100 | $48,500 | $58,200 | $77,600 |
| 7 persons | $31,110 | $51,850 | $62,220 | $82,960 |
| 8 persons | $33,120 | $55,200 | $66,240 | $88,320 |
Rents are capped at 30% of the income limit for an imputed household of 1.5 persons per bedroom, so a two-bedroom unit uses the three-person limit. Under the average income test, units can be designated from 20% to 80% AMI as long as the weighted average stays at or below 60%.
Run a deal in Arenac County to see the sources and uses, bond test, DSCR, and funding gap using these rents.