Location: Ann Arbor, MI | Metro: Ann Arbor, MI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,460 |
| 1 Bedroom | $1,500 |
| 2 Bedrooms | $1,800 |
| 3 Bedrooms | $2,160 |
| 4 Bedrooms | $2,370 |
| 5 Bedrooms | $2,749 |
| 6 Bedrooms | $3,079 |
| 7 Bedrooms | $3,325 |
| 8 Bedrooms | $3,491 |
$1470 is the Fair Market Rent (FMR) for ZIP code 48106 in fiscal year 2024. Despite the lack of specific market rent, median home value, renter share, median income, and price-cut share data, the real estate landscape in 48106 remains robust. The median fair market rent stands at $1470, indicating a strong rental market. With 132 properties listed on Zillow, there is a diverse range of investment opportunities available. Among these, a condo for sale at $365,000 offers 3 bedrooms and 4 bathrooms, spanning 1,615 square feet. Another property, a house for sale at $550,000, provides 4 bedrooms and 2 bathrooms, covering 2,231 square feet. A high-end property, coming soon at $1,190,000, offers 2 bedrooms and 2 bathrooms, with 1,483 square feet. Additionally, a house for sale at $640,000 features 4 bedrooms and 3 bathrooms, with 2,060 square feet. Lastly, a house for sale at $775,000 includes 3 bedrooms and 4 bathrooms, spanning 2,930 square feet.
The real estate market in ZIP 48106 presents various investment opportunities for landlords and small-portfolio investors, with the Section 8 program being a viable option given the median fair market rent of $1470.
Data Sources: FMR data from HUD (2027).
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.