Section 8 Fair Market Rent (FMR) for ZIP 48089 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,050
1 Bedroom	$1,180
2 Bedrooms	$1,470
3 Bedrooms	$1,790
4 Bedrooms	$1,940
5 Bedrooms	$2,250
6 Bedrooms	$2,520
7 Bedrooms	$2,722
8 Bedrooms	$2,858

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

31,853

Median Household Income

$52,366

Housing Units

13,631

Renter Percentage

43.4%

Occupancy Rate

91.9%

Renter Occupied

5,440

Housing Authorities Serving ZIP 48089

Roseville Housing Commission (Roseville, MI) - 314 Section 8 vouchers
Eastpointe Housing Commission (Eastpointe, MI) - 175 Section 8 vouchers
St Clair Shores Housing Commission (Saint Clair Shores, MI) - 90 Section 8 vouchers
Sterling Heights Housing Commission (Sterling Heights, MI) - 44 Section 8 vouchers
Clinton Township Housing Commission (Clinton Township, MI) - 26 Section 8 vouchers
Mount Clemens Housing Commission (Mount Clemens, MI)
New Haven Housing Commission (New Haven, MI)

Warren, MI, located in Macomb County, is a suburban area known for its industrial history and residential neighborhoods. The market offers a mix of opportunities for landlords and small-portfolio investors, with the Fair Market Rent (FMR) and Zillow's Rent Index (ZORI) providing key benchmarks for rental pricing.

The Fair Market Rent for ZIP 48089 in fiscal year 2024 is set at $1260.
ZORI, which reflects the average market rent, stands at $1,305.
The median home value in the area is $127,451, indicating a relatively affordable housing market.
Renters make up 43.4% of the population, showing a significant demand for rental properties.
The days on market (DOM) for rental listings is 24 days, suggesting a steady flow of tenants.
The median household income in ZIP 48089 is $52,366, which can influence the affordability of rent for potential tenants.

The data points highlight a balanced rental market in Warren, MI, where the Fair Market Rent and ZORI indicate a slightly above-average rental price compared to the median home value. With a substantial portion of the population renting, there is consistent demand for rental properties, and the short DOM suggests that properties are quickly filled. Given the median income levels, landlords should price their rentals competitively to attract tenants, ensuring they align with the FMR and ZORI benchmarks. This area presents a stable investment opportunity for those looking to enter or expand their rental portfolio in a suburban setting.

Data Sources: FMR data from HUD (2027). 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.