Location: Detroit-Warren-Livonia, MI | Metro: Detroit-Warren-Livonia, MI HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,190 | $285,806 | 0.42% | F |
| 3BR | $1,450 | $402,580 | 0.36% | F |
| 4BR | $1,570 | $512,612 | 0.31% | F |
U.S. Census Bureau data (2024)
ZIP code 48028 is positioned within the Detroit-Warren-Livonian, MI HUD Metro Fair Market Rent (FMR) area. The FMR for this zip code is $1210 for fiscal year 2024. Despite the market rent being unavailable, the home value stands at $310,359, which is notably higher than the typical home values found in other ZIP codes within the Detroit-Warren-Livonian metro area. This suggests that 48028 is likely a premium sub-market within the larger metro region.
The renter share of 1.8% is quite low compared to what might be expected in an urban environment like Detroit. Typically, urban areas have higher percentages of renters due to the nature of city living and the availability of rental properties. However, the combination of a relatively low renter share and a high home value indicates that 48028 is primarily a homeowner-dominated area, which further supports its classification as a premium sub-market.
Given the data, there is no indication of 48028 being a value pocket or a mid-tier neighborhood. A value pocket would typically show lower home values and possibly higher renter shares, whereas a mid-tier neighborhood would have average home values and renter shares reflective of the broader metropolitan area. The divergence here is the low renter share in conjunction with a high home value, suggesting that this area is less likely to be heavily influenced by Section 8 tenants.
In conclusion, based on the available figures, ZIP code 48028 appears to be a premium sub-market within the Detroit-Warren-Livonian metro area. Landlords and small-portfolio investors should consider the high home values and low renter share when evaluating potential investment opportunities in this ZIP code.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.