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 | $830 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,410 |
| 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 |
|---|---|---|---|---|
| 1BR | $930 | $160,787 | 0.58% | F |
| 2BR | $1,160 | $142,708 | 0.81% | C |
| 3BR | $1,410 | $205,095 | 0.69% | D |
| 4BR | $1,530 | $230,010 | 0.67% | D |
U.S. Census Bureau data (2024)
The ZIP code 48043, located in Mount Clemens, Michigan, is a renter-heavy area with significant potential for Section 8 tenants. With a population of 15,429, nearly 40.2% of residents are renters, indicating a robust demand for rental properties. The median household income stands at $52,161, which is an important figure when assessing the viability of Section 8 housing in the area.
The typical market rent in this ZIP code is $1,261, which represents approximately 24.1% of the median household income. This percentage is crucial as it suggests that the average renter could afford the market rate without financial assistance, but many may still rely on vouchers due to the high cost of living relative to their income. The Fair Market Rent (FMR) for FY 2024 in this ZIP code is set at $1,100, which is below the current market rent, highlighting a gap between government subsidies and actual rental costs.
This discrepancy between the FMR and market rent underscores the potential challenge landlords might face when accepting Section 8 vouchers. However, the high percentage of renters in the area signals a strong demand for subsidized housing. Landlords can expect to attract tenants who are financially stable enough to meet the higher rent but may require the additional support of vouchers to make ends meet.
To conclude, ZIP 48043 presents itself as an ideal location for landlords interested in the Section 8 tenant pool. The substantial number of renters and the connection between income levels and market rents suggest a steady flow of potential tenants. These individuals are likely to be working adults who benefit from the voucher system to cover the cost of living in a market where rents slightly exceed the government's fair market assessment.
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.