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 | $1,220 |
| 1 Bedroom | $1,360 |
| 2 Bedrooms | $1,700 |
| 3 Bedrooms | $2,070 |
| 4 Bedrooms | $2,250 |
| 5 Bedrooms | $2,610 |
| 6 Bedrooms | $2,923 |
| 7 Bedrooms | $3,157 |
| 8 Bedrooms | $3,315 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,700 | $307,841 | 0.55% | F |
| 3BR | $2,070 | $344,867 | 0.6% | D |
| 4BR | $2,250 | $454,577 | 0.49% | F |
| 5BR | $2,610 | $570,838 | 0.46% | F |
U.S. Census Bureau data (2024)
361,102 represents the median home value in ZIP 48346, Clarkston, MI, providing a solid foundation for real estate investments. However, the 30.9% renter share indicates that a significant portion of the population prefers renting over owning, which could be beneficial for landlords. The $1,664 ZORI (market rent) suggests that properties can command a competitive rental rate, aligning closely with the $1490 Fair Market Rent (FMR) set for Section 8 eligibility in the area. This means that landlords can expect to receive fair compensation through the Section 8 program without sacrificing potential market rents.
With a median income of $101,477, tenants in Clarkston have the financial stability to meet their rental obligations, reducing the risk of default. The 0.1% price-cut share further underscores the strength of the local housing market, indicating that landlords rarely need to lower their asking prices to attract tenants. This stability is crucial for maintaining steady cash flows and property values.
The alignment between the market rent ($1,664) and the FMR ($1490) makes Clarkston an attractive location for landlords interested in participating in the Section 8 program. It ensures that the rent subsidies cover a substantial portion of the actual market rent, minimizing the financial burden on both landlords and tenants. Moreover, the low day DOM (N/A, but generally indicative of quick property turnover) implies that vacancies are rare, allowing landlords to maximize their occupancy rates and income.
In conclusion, the robust median home value, strong median income, and competitive rental rates make ZIP 48346 a favorable environment for real estate investments, particularly for those considering the Section 8 program. The verdict for Section 8 participation in Clarkston, MI is positive, offering a reliable source of income and tenant stability.
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.