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 | $860 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,200 | $61,410 | 1.95% | A+ |
| 3BR | $1,460 | $71,008 | 2.06% | A+ |
| 4BR | $1,590 | $90,188 | 1.76% | A+ |
U.S. Census Bureau data (2024)
The ZIP code 48210 in Detroit, MI, stands out in Wayne County with a population of 26,722 residents, where 41.8% of them are renters. The median income here is $37,838, reflecting a modest economic status. Despite this, the median home value is relatively high at $68,789, which suggests a significant disparity between rental and homeownership costs.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 48210 for fiscal year 2024 is set at $1100, whereas the market rent based on Census ACS data is $976. This indicates that landlords participating in the Section 8 program can potentially charge more than the average market rate, providing a financial advantage. The higher FMR also implies that tenants with vouchers have greater purchasing power compared to those paying market rates, making the ZIP code attractive for landlords who wish to secure stable, government-backed rental income.
Given the data signature, ZIP 48210 appears to be in a transitional phase. While the median income is modest, the relatively high median home value and the difference between the FMR and market rent suggest an evolving housing market. Landlords and small-portfolio investors should consider these factors when evaluating the potential for long-term stability and profitability in this area. The opportunity to leverage Section 8 vouchers for higher rents provides a unique advantage, but the overall economic context requires careful consideration.
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.