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 | $860 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $960 | $88,858 | 1.08% | B |
| 2BR | $1,200 | $180,764 | 0.66% | D |
| 3BR | $1,460 | $250,720 | 0.58% | F |
| 4BR | $1,590 | $326,359 | 0.49% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 48040, Marysville, MI, is set at $1110 for fiscal year 2024. This figure represents the payment standard for Section 8 housing vouchers, which means that voucher holders will receive up to $1110 per month to cover their rent. It's important to note that this is not your actual rent; it's the maximum amount that the government will pay on behalf of eligible tenants.
To put this into perspective, the average rent in Marysville, MI, according to the Census Bureau's American Community Survey, is $974. This indicates that the FMR is higher than the typical market rate, providing a buffer that can help cover maintenance and other costs associated with property management.
The demand for rental properties in Marysville is steady, with 16.1% of the population being renters. This suggests that there is a reasonable number of potential tenants who could benefit from the Section 8 program, ensuring a stable occupancy rate.
If you're looking to acquire a new rental property in this area, the median home value is approximately $228,125. This gives you an idea of the investment required to enter the market. While this might seem like a significant upfront cost, the long-term benefits of having a reliable source of income through the Section 8 program can outweigh initial expenses.
Before you proceed with your first Section 8 rental, it's crucial to verify that your property meets all the necessary requirements, including safety, health, and building standards. The Housing Quality Standards (HQS) inspection ensures that your unit is habitable and safe for tenants, and passing this inspection is mandatory to participate in the program.
In summary, the FMR of $1110 provides a solid foundation for your rental income, exceeding the local average of $974. With 16.1% of residents renting, you can expect a steady stream of interested applicants. Ensure your property meets HQS standards to avoid any delays in securing a tenant.
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.