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 | $1,100 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,530 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,020 |
| 5 Bedrooms | $2,343 |
| 6 Bedrooms | $2,624 |
| 7 Bedrooms | $2,834 |
| 8 Bedrooms | $2,976 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,530 | $263,449 | 0.58% | F |
| 3BR | $1,860 | $377,628 | 0.49% | F |
| 4BR | $2,020 | $509,990 | 0.4% | F |
| 5BR | $2,343 | $617,774 | 0.38% | F |
U.S. Census Bureau data (2024)
To integrate ZIP 48371, located in Oxford, MI, into a Section 8 portfolio strategy, consider its role as a cash-flow anchor. The Fair Market Rent (FMR) for ZIP 48371 in fiscal year 2024 is set at $1230, closely matching the market rent of $1259. This alignment ensures steady and predictable cash flow, minimizing the risk of vacancy or non-payment.
The median home value in Oxford stands at $410,176, indicating a stable housing market that supports consistent rental incomes. With the FMR being only slightly below the market rent, landlords can secure tenants through the Section 8 program while maintaining a positive cash flow position. The narrow spread between the FMR and market rent ($29) means that properties can be rented out at the FMR without significant financial loss.
Furthermore, the low price-cut share of 0.2% and a 35-day days-on-market (DOM) suggest that the local market is robust and competitive, with homes selling quickly and at or near their asking price. This quick turnover benefits investors looking to minimize holding costs and maximize returns on investment.
Oxford's median income of $111,239 provides additional stability, as higher-income residents are less likely to face financial hardships that could lead to missed rent payments. The 11.6% renter share indicates a moderate demand for rental properties, ensuring that there is a sufficient pool of potential tenants to fill vacancies promptly.
In summary, ZIP 48371 serves as a reliable cash-flow anchor within a Section 8 portfolio due to its close alignment between FMR and market rents, coupled with a strong local economy and housing market conditions that support timely property turnovers and financial predictability.
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.