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 | $1,170 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $1,780 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,460 | $85,521 | 1.71% | A+ |
| 3BR | $1,780 | $116,524 | 1.53% | A+ |
| 4BR | $1,930 | $129,917 | 1.49% | A |
U.S. Census Bureau data (2024)
ZIP code 48141, located in Inkster, Michigan, is a renter-heavy area with significant potential for Section 8 tenants. The population stands at 25,428, with 53.2% being renters, indicating a robust demand for rental properties. This high percentage of renters suggests that there is a deep voucher demand in the area, making it an ideal location for landlords looking to attract Section 8 tenants.
The median household income in ZIP 48141 is $39,252, which provides context for the affordability of typical rents. The market rent in the area is $1,275 per month, representing approximately 32.5% of the median monthly income when calculated as $3,270.83 ($39,252 / 12 months). This percentage aligns closely with federal guidelines that suggest housing costs should not exceed 30% of a household's income. However, the actual figure shows that typical rent eats slightly more than recommended, highlighting the financial pressure on local residents.
Comparing the market rent to the Fair Market Rent (FMR) set by HUD for ZIP 48141, which is $1,240 for fiscal year 2024, indicates that the market rent is slightly above the FMR. This suggests that landlords might need to be flexible with their pricing to remain competitive and attractive to Section 8 tenants who rely on government subsidies to cover their housing costs.
A landlord in ZIP 48141 can expect a tenant profile characterized by low to moderate income households seeking affordable housing options. These tenants will likely have a strong need for subsidized housing due to the high cost of rent relative to their income. Landlords should prepare for a tenant base that is sensitive to changes in rent and may require assistance with utility costs or other living expenses. Additionally, understanding the dynamics of Section 8 vouchers and the application process will be crucial for managing properties effectively 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.