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City Report · MI

Fraser

Pop. 14,583·62nd most expensive in Michigan·One of the most affordable rental markets in the US
Median rent (all units)
$1,400/mo
Year-over-Year
Stable
Month-over-Month
+15.4%
vs US Median
-$565
Rising (Monthly)
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Most AffordableMost Expensive
Fraser · $1,400
More affordable than 82% of US cities · National median $1,965/mo
Affordability
26% of income
AFFORDABLE
0%30% benchmark60%+

At $1,400/mo, rent takes about 26% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$56,000/yr
Local median income
$64,354/yr
Based on the 30%-of-income rule using Fraser's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$830
1 BR
$920
2 BR
$1,170
3 BR
$1,440
4 BR+
$1,550
Research median
$1,170/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: June 22, 2026

Annual cost
$16,800/yr
At $1,400/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +15.4% MoM), not inventory.
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Demographics

Who lives here

Fraser, MI is majority owner-occupied, has a large retiree population, has a median income below the national average, 22.7% of residents hold a bachelor's degree or higher.

Population
14,583
Median income
$64,354
Median age
43
Renters
26.7%
Age distribution
17.9%
22.8%
25.1%
13.6%
20.6%
Under 1817.9%
18–3422.8%
35–5425.1%
55–6413.6%
65+20.6%
Gender
48.1%
51.9%
Male48.1%
Female51.9%
Race & ethnicity
80%
White80%
Black10.1%
Hispanic2.6%
Asian1.7%
Other5.7%
Education (25+)
29.8%
38.9%
22.7%
No HS diploma8.6%
HS diploma29.8%
Some college38.9%
Bachelor's+22.7%
Housing tenure
73.3%
26.7%
Owner73.3%
Renter26.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Fraser, MI has changed in 5 years

Income
$59,471 → $64,354
up 8.2%
Population
14,703 → 14,583
down 0.8%
Renter share
28.1% → 26.7%
-1.4 pts
Bachelor's+
23.5% → 22.7%
-0.8 pts
Median age
39.1 → 43
+3.9 yrs

Household income in the area moved from $59,471 to $64,354 across the same window, up 8.2% versus 2021.

Community

Discussions about Fraser

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View Fraser rent history (2015–2026) →
Salary vs rent

Can you afford rent in Fraser on your salary?

At $1,400/mo, how Fraser rent compares to typical pay (30% rule).

By apartment size

Fraser rent by bedroom count

Median rent for each apartment size in Fraser. Click any size for full breakdown.

Local insights

Tips for renters in Fraser

About renting in Fraser, MI

Last updated: June 22, 2026

The median rent in Fraser is $1,400/mo as of June 2026. A studio apartment averages $830/mo while a 2-bedroom runs $1,170/mo. One-bedroom apartments average $920/mo and 3-bedroom units go for $1,440/mo.

At 26% of local median household income ($64,354/yr), Fraser ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Fraser an affordable city for renters?

Fraser is considered affordable for renters. At $1,400/mo, rent takes approximately 26% of the local median household income ($64,354/yr). The standard benchmark is 30%. Fraser falls comfortably within that range.

How much income do you need to rent in Fraser?

To keep rent at or below 30% of gross income, you would need to earn at least $56,000/year (~$27/hour full-time) to afford the median rent of $1,400/mo in Fraser. The local median household income is $64,354/yr, meaning the typical Fraser household meets that threshold.

Is rent going up or down in Fraser?

Rent in Fraser has been relatively stable over the past year, with a 0.0% change year over year as of June 2026.

How does Fraser rent compare to other cities in Michigan?

Fraser is middle-of-the-pack for Michigan for rent, ranking #62 out of 94 tracked cities at $1,400/mo.

Which nearby cities are cheaper to rent in than Fraser?

Several nearby cities have lower median rents than Fraser ($1,400/mo): Mount Clemens ($1,247/mo), Clinton Township ($1,291/mo), Roseville ($1,313/mo).

What percentage of Fraser residents rent vs. own?

According to Census data, approximately 26.7% of Fraser households are renters, while 73.3% are owner-occupied. Fraser leans toward homeownership, which can mean a smaller rental inventory.

How does Fraser rent compare to the national average?

Fraser's median rent of $1,400/mo is $565 (29%) below the US national median of $1,965/mo. Within Michigan, it ranks #62 out of 94 tracked cities.
Income Affordability
26%
AFFORDABLE

At $1,400/mo, rent takes ~26% of Fraser's median household income ($64,354/yr). The standard benchmark is 30%.

Fraser 26%Benchmark 30%
State income tax4.25%
Run the Fraser affordability calculator →
Lowest-rent ZIP codes in Fraser
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Fraser, MI

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