Location: Sanilac County, 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 | $830 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,420 | $326,037 | 0.44% | F |
U.S. Census Bureau data (2024)
1220 - In ZIP code 48032, the Fair Market Rent (FMR) for 2024 stands at $1220, reflecting the maximum amount that a Section 8 voucher holder can be expected to pay for housing. This figure is crucial for landlords and small-portfolio investors looking to understand the federal guidelines for rental assistance in the area.
1115 - The Census Bureau's American Community Survey (ACS) indicates a market rent of $1115, suggesting that the actual rental rates in the region are slightly below the FMR. This discrepancy can offer opportunities for landlords to maximize their rental income while still being within the acceptable range for voucher holders.
311057 - With a median home value of $311,057, it's evident that the real estate market in 48032 is robust. This high median value can translate into significant equity gains for investors who purchase properties and hold onto them over time.
7.8 - Renter share in the area is 7.8%, which means that nearly eight out of every hundred households are renters. This statistic underscores the importance of understanding the local rental market dynamics, especially for those interested in short-term investments.
96875 - The median income of $96,875 provides insight into the financial health of the residents in 48032. It suggests that the majority of the population has a stable income, which could support higher rental rates and potentially attract more affluent tenants.
N/A - Unfortunately, the data does not provide the average days on market (DOM) or the percentage of price-cut shares. However, these missing metrics highlight the need for landlords and investors to closely monitor local real estate trends to make informed decisions.
1220 - Given the FMR of $1220 and the market rent of $1115, landlords can confidently set rental rates that align with both federal guidelines and market conditions. This balance ensures compliance with Section 8 requirements while maximizing potential revenue.
311057 - Investors considering the median home value of $311,057 should also factor in the strong likelihood of property appreciation over the long term. This could serve as an additional incentive for purchasing real estate in this area.
96875 - With a median income of $96,875, there is a solid foundation for rental stability and timely payments, reducing the risk of tenant default and improving overall portfolio performance.
1220 - In conclusion, the combination of a reasonable FMR, slightly lower market rents, and a robust median home value makes ZIP 48032 a viable option for Section 8 participation. Landlords and investors can leverage these figures to ensure profitability and stability in their rental properties.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.