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 | $1,100 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,530 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,020 |
| 5 Bedrooms | $2,343 |
| 6 Bedrooms | $2,624 |
| 7 Bedrooms | $2,834 |
| 8 Bedrooms | $2,976 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,530 | $117,528 | 1.3% | A |
| 3BR | $1,860 | $178,742 | 1.04% | B |
| 4BR | $2,020 | $188,991 | 1.07% | B |
U.S. Census Bureau data (2024)
The rent math in ZIP 48091, Warren, MI, is nearly balanced. The Fair Market Rent (FMR) set at $1,320 for the fiscal year 2024 closely aligns with the market rent, which stands at $1,329 according to ZORI. This indicates that the rents charged are fair and competitive with the local market standards.
Acquisition in this area is relatively affordable. The median home value is $154,700, making it a cost-effective option for investors looking to enter the market. Additionally, the days on market (DOM) average is 32 days, and only 0.2% of homes have been listed with a price cut, suggesting that properties are selling quickly without significant discounts.
Tenant demand in ZIP 48091 is strong. With a total population of 30,696, and 35.1% of residents being renters, there is a substantial pool of potential tenants. This high renter share ensures that rental properties will likely be occupied, providing steady income for landlords and small-portfolio investors.
Verdict: ZIP 48091 presents a favorable investment opportunity. The rent levels are aligned with market expectations, acquisitions are affordable with quick sales, and there is a robust demand for rentals. These factors combined indicate a stable and profitable environment for real estate investments in this area.
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.