Location: Huron County, MI | Metro: Huron County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
U.S. Census Bureau data (2024)
The ZIP code 48432 is situated in a suburban neighborhood characterized by a relatively small population of 498 residents. With only 12.2% of the population renting their homes, it indicates a community where homeownership is prevalent. The median household income in this area stands at $63,661, suggesting a middle-class demographic. The median home value of $186,190 reflects a moderate housing market, accessible to many local residents.
From an investment perspective, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,140. This figure contrasts with the current market rent of $1,275, as reported by the Census Bureau's American Community Survey. For Section 8 investors, the gap between FMR and market rent highlights a potential challenge in finding properties that meet both the program's rental standards and the market demand for higher rents.
Given these economic realities, ZIP 48432 is better suited for a hands-on value-add buyer rather than a hands-off voucher operator. The low percentage of renters and the modest income levels imply that landlords will need to actively manage their properties to ensure compliance with Section 8 guidelines while also addressing the needs of tenants who may have limited financial resources. A value-add strategy could involve improving property amenities or services to justify slightly lower rents, making the investment more attractive to Section 8 tenants and potentially increasing occupancy rates.
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.