Location: Detroit-Warren-Livonia, MI | Metro: Detroit-Warren-Livonia, MI HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,230 |
| 1 Bedroom | $1,380 |
| 2 Bedrooms | $1,720 |
| 3 Bedrooms | $2,090 |
| 4 Bedrooms | $2,280 |
| 5 Bedrooms | $2,645 |
| 6 Bedrooms | $2,962 |
| 7 Bedrooms | $3,199 |
| 8 Bedrooms | $3,359 |
U.S. Census Bureau data (2024)
To profile ZIP code 48233 for Section 8 tenants, we must first acknowledge that specific percentages of renters and median household income data are currently unavailable. However, the analysis can still be conducted based on the existing information.
The presence of 63 Section 8 households suggests a notable demand for subsidized housing in this area. While we cannot determine the exact percentage of renters, the number of Section 8 households indicates a significant portion of residents rely on rental assistance.
Market rent figures are also not available, which makes it challenging to calculate the precise percentage of local income consumed by rent. Nevertheless, we can compare the situation to the Fair Market Rent (FMR) set at $1220 for FY 2024 in this ZIP code. This figure represents the benchmark for what is considered a reasonable rent for a modest home in the area.
Given the reliance on Section 8 vouchers, landlords can expect tenants who are financially constrained but committed to paying their rent through government assistance. These tenants will have a portion of their rent covered by the voucher, typically up to the FMR level, with any amount above that paid by the tenant themselves.
The tenant profile in ZIP 48233 will likely include individuals and families who qualify for the Section 8 program due to low-income status. Landlords should anticipate tenants who may have a history of financial hardship but are motivated to maintain stable housing. It's important for landlords to understand the administrative requirements associated with Section 8 tenancy, including regular inspections and rent subsidies.
In summary, ZIP 48233 presents a market with a substantial demand for rental properties that accept Section 8 vouchers. The expected tenants will be those who need financial assistance to afford housing, making the FMR of $1220 a key reference point for setting competitive rents. Landlords should prepare for a population of tenants who value stability and support provided by the rental subsidy program.
Data Sources: FMR data from HUD (2027). 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.