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 | $1,050 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,470 | $98,894 | 1.49% | A |
| 3BR | $1,790 | $147,399 | 1.21% | A |
| 4BR | $1,940 | $153,102 | 1.27% | A |
| 5BR | $2,250 | $171,868 | 1.31% | A |
U.S. Census Bureau data (2024)
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 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). 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.