Section 8 Fair Market Rent (FMR) for ZIP 48045 - 2027

Location: Detroit-Warren-Livonia, MI | Metro: Detroit-Warren-Livonia, MI HUD Metro FMR Area

Investment Score for ZIP 48045

Monthly Rent (2BR)

$1,320

Median Price (2BR)

$196,204

1% Rule

0.67%

Annual Yield

8.07%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$950
1 Bedroom	$1,060
2 Bedrooms	$1,320
3 Bedrooms	$1,610
4 Bedrooms	$1,740
5 Bedrooms	$2,018
6 Bedrooms	$2,260
7 Bedrooms	$2,441
8 Bedrooms	$2,563

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$1,060	$255,876	0.41%	F
2BR	$1,320	$196,204	0.67%	D
3BR	$1,610	$344,339	0.47%	F
4BR	$1,740	$480,465	0.36%	F
5BR	$2,018	$537,064	0.38%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

24,061

Median Household Income

$80,366

Housing Units

12,592

Renter Percentage

27.5%

Occupancy Rate

93.1%

Renter Occupied

3,220

Harrison Township, located in Macomb County, Michigan, is part of the larger Detroit metropolitan area. The town offers a mix of suburban living with easy access to urban amenities, making it a desirable location for both homeowners and renters. This analysis provides insights into the rental market dynamics, particularly focusing on the implications for landlords and small-portfolio investors.

The Fair Market Rent (FMR) for a two-bedroom apartment in Harrison Township for fiscal year 2024 is set at $1170.
The market rent, as indicated by the Zillow Observed Rental Index (ZORI), stands at $1,305 for a similar unit.
The median home value in the township is $256,311, reflecting a stable housing market.
Renters make up 27.5% of the housing stock, indicating a significant portion of the population prefers renting over owning.
The days on market (DOM) for rental properties is 38 days, suggesting a moderate demand for rentals.
The median household income in the area is $80,366, providing a solid financial base for potential tenants.

In summary, the rental market in Harrison Township presents a balanced opportunity for investors. With the FMR slightly below the market rent, landlords can offer competitive pricing while maintaining profitability. The median home value indicates stability, and the renter share suggests a steady demand for rental units. A DOM of 38 days implies that properties are generally occupied within a reasonable timeframe, and the median income supports the ability of residents to meet rental obligations. These factors collectively suggest that Harrison Township remains a viable investment option for those interested in the rental market.

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.