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 | $1,130 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $1,910 |
| 4 Bedrooms | $2,080 |
| 5 Bedrooms | $2,413 |
| 6 Bedrooms | $2,703 |
| 7 Bedrooms | $2,919 |
| 8 Bedrooms | $3,065 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,260 | $101,430 | 1.24% | A |
| 2BR | $1,570 | $173,501 | 0.9% | C |
| 3BR | $1,910 | $254,826 | 0.75% | D |
| 4BR | $2,080 | $327,630 | 0.63% | D |
| 5BR | $2,413 | $382,349 | 0.63% | D |
U.S. Census Bureau data (2024)
ZIP code 48075, located in Southfield, Michigan, stands out within Oakland County due to its unique demographic and economic profile. With a total population of 22,841 residents, it has a rental rate of 38.4%, slightly above the national average. The median household income in this area is $65,384, indicating a middle-class community. Notably, the median home value is $236,103, which reflects a stable housing market.
The voucher economics in ZIP 48075 are favorable for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,500, while the market rent, measured by ZORI, is $1,542. This means that Section 8 vouchers cover nearly 97% of the market rent, making it highly attractive for property owners to participate in the program. Landlords can expect to receive a consistent monthly payment that closely matches the market rate, ensuring profitability without the risk of vacancy.
The data signature for ZIP 48075 suggests a stable environment. The relatively high median income supports a steady demand for rental properties, and the modest median home value indicates a balanced market where both homeownership and renting remain viable options. The slight gap between the FMR and ZORI further reinforces the stability of the rental market, as it ensures that Section 8 tenants can afford decent housing without placing an undue burden on landlords.
Given these factors, ZIP 48075 appears to be a stable investment opportunity for landlords and small-portfolio investors. The combination of a solid rental market, reasonable home values, and competitive voucher rates creates a supportive ecosystem for those looking to enter or expand their presence in this ZIP code.
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.