Affordable & Low-Income Housing in Waters, MI 49797
No income-restricted buildings are listed in 49797 — here are the closest ones.
No income-restricted buildings are listed in Waters, MI 49797. 22 income-restricted buildings are listed nearby (within about 14 miles). These lists don't show openings — call to ask about vacancies and waiting lists.
Closest to 49797
The 20 closest of 22 in nearby ZIPs. Pick a ZIP below to see all of them.
Alpine Alten Zimmer
120 Grandview Blvd, Gaylord, MI 49735
10.1 mi away
46 units · 1–2 BR · People with disabilities
- 1 vacant unit reported (Oct 2026) — call to confirm
Cobble Creek Apts
131 & 140 Cobble Creek Dr., Grayling, MI 49738
10.9 mi away
32 units · 1–3 BR
- 1 vacant unit reported (Oct 2026) — call to confirm
Sheldon Place II Apts
915 W Sheldon St, Gaylord, MI 49735
11.1 mi away
32 units · 31 income-restricted · 1–2 BR
Sheldon Place Apts
910 W Sheldon St, Gaylord, MI 49735
11.1 mi away
32 units · 31 income-restricted · 1–2 BR
- Affordability period may have ended — call to confirm
Sheldon Place III
950 W. Sheldon Street, Gaylord, MI 49735
11.1 mi away
32 units · 28 income-restricted · 1–2 BR
Aspen Apts
500 North St., Gaylord, MI 49735
11.4 mi away
80 units · 1–2 BR
- 2 vacant units reported (Oct 2026) — call to confirm
Green Meadows of Gaylord
802 Northmeadow Dr, Gaylord, MI 49735
11.4 mi away
48 units · 1–3 BR · People with disabilities
911 Elm St
911 Elm St, Grayling, MI 49738
14.2 mi away
5 units · 2 BR
- Affordability period may have ended — call to confirm
Cobble Creek II Apt
402 Knight Street, Grayling, MI 49738
14.5 mi away
20 units · 1–2 BR
- 1 vacant unit reported (Oct 2026) — call to confirm
Riverview Apts
306 Knight St, Grayling, MI 49738
14.5 mi away
20 units · 1–2 BR
- 3 vacant units reported (Oct 2026) — call to confirm
Cobble Creek Estates
140 Cobble Creek Dr, Grayling, MI 49738
14.6 mi away
32 units · 12 income-restricted · 1–3 BR
Ausagra Acres
208 Fulton St, Grayling, MI 49738
14.7 mi away
88 units · 1–3 BR
- Apply through Grayling Housing Commission
- Residents waited about 46 months to move in (HUD, Oct 2026)
No nearby buildings match this filter.
Rents and income limits in 49797
- Fair market rent, 2 bedrooms
- $1,190/mo
- Income needed to pay it at 30% of income
- $47,600/yr
Income limits (2026)
Otsego County, MI area · median family income $90,600. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $19,050 | $31,750 | $50,750 |
| 2 | $21,800 | $36,250 | $58,000 |
| 3 | $27,320 | $40,800 | $65,250 |
| 4 | $33,000 | $45,300 | $72,500 |
| 5 | $38,680 | $48,950 | $78,300 |
| 6 | $44,360 | $52,550 | $84,100 |
| 7 | $50,040 | $56,200 | $89,900 |
| 8 | $55,720 | $59,800 | $95,700 |
Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.
Fair market rents (2027)
HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.
| Size | 49797 | Wider area |
|---|---|---|
| Studio | $940 | $938 |
| 1 bedroom | $940 | $944 |
| 2 bedrooms | $1,190 | $1,192 |
| 3 bedrooms | $1,510 | $1,511 |
| 4 bedrooms | $1,670 | $1,676 |
Wider area = Otsego County, MI. Two-bedroom fair market rents in 4 nearby ZIPs range from $1,050 (49733) to $1,190 (49735).
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures). Each program and building can set its own limits — confirm with the property.
Estimate your Section 8 rent share
Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 49797's fair market rent.
Estimate your Section 8 rent share for 49797Frequently Asked Questions
Is there Section 8 housing in Waters, MI 49797?
Yes — this directory lists income-restricted buildings in Waters, MI 49797, including project-based Section 8 apartments (the subsidy stays with the unit), public housing, tax-credit, and USDA rural rentals. Housing Choice Vouchers are different: you apply with the local housing authority and can use them at a private landlord. Estimate your voucher rent share with the Section 8 calculator.
Do affordable housing buildings in Waters, MI 49797 have openings?
These lists for Waters, MI 49797 don't show openings. Call the property (or the housing authority, for public housing) to ask about vacancies and waiting lists.
How do I apply for affordable housing in Waters, MI 49797?
Use the phone number on each building card in Waters, MI 49797. Public housing is run by the local housing authority — apply with them, not at the building. USDA rural rentals can also be found through USDA's property search.
What counts as affordable housing in Waters, MI 49797?
In Waters, MI 49797, this directory lists income-restricted rentals from HUD tax-credit (LIHTC) records, public housing, HUD-assisted buildings (including project-based Section 8, 202, and 811), and USDA Rural Development.
How many affordable housing buildings are in ZIP 49797?
No income-restricted buildings are listed in ZIP 49797 right now. 22 nearby buildings are shown on this page. Call to confirm openings.
Is there affordable housing near 49797?
Yes — this page also lists 22 income-restricted buildings in ZIP codes near Waters, MI 49797 (within about 14 miles). Pick a nearby ZIP to see every building there.
People Also Ask
How do I qualify for affordable housing in Waters, MI 49797?
Most income-restricted buildings in Waters, MI 49797 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $31,750, and $45,300 for a 4-person household. Public housing can go up to 80% ($50,750 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.
What is the income limit for low-income housing in Waters, MI 49797?
For many programs in Waters, MI 49797, the 2026 HUD very low-income (50%) limit is $31,750 a year for 1 person and $45,300 for 4 people. The low-income (80%) limit is $50,750 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How long is the waiting list for Section 8 in Waters, MI 49797?
There is no single waiting list for Waters, MI 49797. Public housing, project-based Section 8, and tax-credit buildings each keep their own list. Housing Choice Voucher lists at the housing authority open only sometimes and can stay closed for years. This directory does not show which lists are open — call the number on each card. Some public housing cards show HUD's reported wait in months.
What is the difference between Section 8 and public housing in Waters, MI 49797?
Public housing is owned by a housing authority — you apply with that agency, not at the building. Project-based Section 8 is a HUD contract on a private building; the subsidy stays with the apartment. A Housing Choice Voucher is different: you apply with the housing authority and can use it at a landlord who takes it. Estimate voucher rent share with the Section 8 calculator.
How much rent do you pay for low-income housing in Waters, MI 49797?
In public housing and most Section 8 in Waters, MI 49797, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Waters, MI 49797 is $1,190 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.
Can I use a Section 8 voucher at affordable apartments in Waters, MI 49797?
A Housing Choice Voucher is not automatically accepted at every building in Waters, MI 49797. Project-based Section 8 units already have a subsidy on the apartment — you apply there, not with a tenant voucher. For a voucher, apply with the housing authority, then ask each landlord. Estimate your share with the Section 8 calculator.
Is there senior affordable housing in Waters, MI 49797?
This page may still list buildings in Waters, MI 49797 that accept seniors without being senior-only. Use the filters and call to ask about age set-asides.
Nearby ZIP codes
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; HUD Public Housing Developments, Oct 2026; USDA Rural Development multifamily, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying.
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