Section 8 Fair Market Rent (FMR) for ZIP 48152 - 2027

Location: Detroit-Warren-Livonia, MI | Metro: Detroit-Warren-Livonia, MI HUD Metro FMR Area

Investment Score for ZIP 48152

D
Monthly Rent (2BR)
$1,660
Median Price (2BR)
$222,969
1% Rule
0.74%
Annual Yield
8.93%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,190
1 Bedroom$1,330
2 Bedrooms$1,660
3 Bedrooms$2,020
4 Bedrooms$2,190
5 Bedrooms$2,540
6 Bedrooms$2,845
7 Bedrooms$3,073
8 Bedrooms$3,227

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
1BR $1,330 $130,036 1.02% B
2BR $1,660 $222,969 0.74% D
3BR $2,020 $320,964 0.63% D
4BR $2,190 $475,182 0.46% F
5BR $2,540 $510,197 0.5% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
30,119
Median Household Income
$88,288
Housing Units
13,070
Renter Percentage
18.7%
Occupancy Rate
97.7%
Renter Occupied
2,388

The economics of Section 8 housing in ZIP 48152, which is part of Livonia, MI, and Wayne County, can be quite favorable for landlords if understood correctly. The SAFMR (Section 8 Area Fair Market Rent) for a two-bedroom apartment in this specific ZIP code is set at $1470 per month for the fiscal year 2024. This figure represents the maximum amount that the Housing Choice Voucher program will pay for a two-bedroom rental unit in this area.

Local market rent, as measured by ZORI (Zillow Observed Rent Index), stands at $1,277 for a two-bedroom apartment. This indicates that the SAFMR is higher than the average market rent, which benefits landlords participating in the Section 8 program.

A voucher payment typically covers the difference between the SAFMR and the tenant's portion, which is generally 30% of their income. For instance, if a tenant's income is $1,500 per month, their contribution would be $450 (30% of $1,500). The remaining balance up to the SAFMR of $1470 would be covered by the Section 8 program, less any utility allowances. Utility allowances vary but are usually around $300 per month. Therefore, the landlord would receive the tenant's $450 plus the program's reimbursement, minus the utility allowance.

To illustrate, let’s assume the utility allowance is $300. In this case, the voucher would cover $1170 ($1470 - $300) of the rent. Adding the tenant's $450 contribution, the total monthly rent received by the landlord would be $1620. This is $343 above the local market rent of $1,277, indicating a surplus when compared to typical rental rates in the area.

The typical reimbursement gap or surplus for a two-bedroom apartment in ZIP 48152 would be a surplus of $343 per month. This surplus provides landlords with an incentive to participate in the Section 8 program, as they can potentially earn more than the average market rent while still ensuring their units remain affordable for low-income tenants.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.