Location: Detroit-Warren-Livonia, MI | Metro: Detroit-Warren-Livonia, MI HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,170 |
| 1 Bedroom | $1,300 |
| 2 Bedrooms | $1,630 |
| 3 Bedrooms | $1,980 |
| 4 Bedrooms | $2,150 |
| 5 Bedrooms | $2,494 |
| 6 Bedrooms | $2,793 |
| 7 Bedrooms | $3,016 |
| 8 Bedrooms | $3,167 |
The analysis of ZIP code 48330 in Michigan reveals a unique situation due to the limited availability of specific data points. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1460. However, without comparative market values and median home values, it's challenging to fully assess the yield potential. Despite these gaps, we can infer that if the FMR is significantly higher than the typical rent charged in this area, then it could suggest a higher yield opportunity.
On the axis of stability, there is insufficient data to provide a comprehensive assessment. The percentage of renters, days on market (DOM), and median income figures are all currently unavailable. This lack of data makes it difficult to gauge the financial health and predictability of rental income in this area. Stability in rental markets often correlates with lower turnover rates and more consistent rent payments, which are typically influenced by factors such as median income levels and the percentage of residents who are renters.
Given the available information, ZIP 48330 does not clearly fit into either a high-yield/low-stability flip-style market or a steady-cashflow zone. It appears to be in a transitional or less documented state where the potential for high yields exists but cannot be confirmed without additional data. Landlords and small-portfolio investors should proceed with caution, seeking out more detailed local market insights before making investment decisions. The reliance on FMR alone is not sufficient to determine the overall market dynamics and risk profile.
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.