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 48113 in fiscal year 2024. This figure represents the amount that HUD determines as the reasonable rent for a unit in the area.
N/A is the current market rent for ZIP 48113, indicating that recent data is unavailable. However, given the proximity to Ann Arbor, it's likely influenced by the university town's strong rental market.
N/A is also the median home value for ZIP 48113, which suggests that there isn't a significant amount of residential property data available for this area. This could be due to the fact that ZIP 48113 is primarily a post office box zone.
N/A is the percentage of renters in ZIP 48113, making it difficult to assess the rental market share accurately. Given the nature of the ZIP code, it's possible that the majority of properties here are commercial or institutional rather than residential.
N/A is the median income for ZIP 48113, further highlighting the lack of comprehensive residential data. This absence makes it challenging to evaluate the financial capacity of potential tenants.
N/A is the typical Days on Market (DOM) for listings in ZIP 48113, suggesting that either the data is incomplete or that the area is dominated by non-residential listings.
N/A is the percentage of properties that have had their prices cut in this ZIP code, which again points to the limited availability of residential real estate data.
In conclusion, while the Fair Market Rent for ZIP 48113 is set at $1470, the lack of specific market data, median home values, and other critical metrics makes it challenging to provide a robust analysis for landlords and small-portfolio investors. The ZIP code's primary designation as a post office box zone limits the applicability of traditional real estate metrics.
Section 8 Verdict: Inconclusive due to insufficient residential data.
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.