Section 8 Fair Market Rent (FMR) for ZIP 48070 - 2027

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

Investment Score for ZIP 48070

Monthly Rent (2BR)

$2,190

Median Price (2BR)

$433,021

1% Rule

0.51%

Annual Yield

6.07%

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	$1,570
1 Bedroom	$1,750
2 Bedrooms	$2,190
3 Bedrooms	$2,670
4 Bedrooms	$2,900
5 Bedrooms	$3,364
6 Bedrooms	$3,768
7 Bedrooms	$4,069
8 Bedrooms	$4,272

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
2BR	$2,190	$433,021	0.51%	F
3BR	$2,670	$482,026	0.55%	F
4BR	$2,900	$661,017	0.44%	F
5BR	$3,364	$850,355	0.4%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

6,328

Median Household Income

$190,150

Housing Units

2,442

Renter Percentage

3.9%

Occupancy Rate

96.5%

Renter Occupied

Huntington Woods, located in ZIP code 48070, is a suburban community in Oakland County, Michigan, known for its quiet neighborhoods and proximity to major urban centers. This area offers a mix of rental and homeownership options, catering to diverse living preferences. Below is a concise market analysis based on key economic indicators.

The Fair Market Rent (FMR) for a two-bedroom apartment in Huntington Woods for fiscal year 2024 is set at $1940.
The average market rent for a two-bedroom property, according to the latest Census American Community Survey (ACS), stands at $2,493. This suggests that market rents exceed the government-set FMR.
The median home value in Huntington Woods is $537,922, reflecting a relatively affluent residential market.
Renters make up only 3.9% of the housing stock, indicating a strong preference for homeownership among residents.
The median household income in the area is $190,150, which is significantly higher than the national average, suggesting a robust local economy and high purchasing power.
The Days on Market (DOM) for rentals is not available, but given the low renter share and high median income, it's reasonable to infer that rental properties move quickly when listed.

Investors considering Huntington Woods should note the discrepancy between the FMR and market rents, indicating potential for higher returns on rental investments. However, the low renter share suggests a competitive market for rental properties. The high median income supports the likelihood of timely rent payments and a stable tenant pool. Given these factors, Huntington Woods presents a favorable environment for long-term investment in single-family homes, with rental opportunities being limited yet potentially lucrative due to the premium placed on local housing.

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.