Section 8 Fair Market Rent (FMR) for ZIP 48442 - 2027

Location: Flint, MI | Metro: Detroit-Warren-Livonia, MI HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,090
1 Bedroom	$1,220
2 Bedrooms	$1,520
3 Bedrooms	$1,860
4 Bedrooms	$2,030
5 Bedrooms	$2,355
6 Bedrooms	$2,638
7 Bedrooms	$2,849
8 Bedrooms	$2,991

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

22,788

Median Household Income

$86,575

Housing Units

9,767

Renter Percentage

20.0%

Occupancy Rate

95.7%

Renter Occupied

1,865

Housing Authorities Serving ZIP 48442

Pontiac Housing Commission (Pontiac, MI) - 1,257 Section 8 vouchers
Flint Housing Commission (Flint, MI) - 1,084 Section 8 vouchers
Ferndale Housing Commission (Ferndale, MI) - 984 Section 8 vouchers
Southfield Housing Commission (Southfield, MI) - 339 Section 8 vouchers
Royal Oak Township Housing Commission (Ferndale, MI)
South Lyon Housing Commission (South Lyon, MI)

The Holly, MI area, represented by ZIP code 48442, offers a stable environment for real estate investments, particularly in the rental market. The city is known for its suburban charm and proximity to larger metropolitan areas, which can attract a diverse range of tenants.

The Fair Market Rent (FMR) for a two-bedroom apartment in Holly, MI for fiscal year 2024 is set at $1260, providing a benchmark for rental pricing.
The Zillow Observed Rent Index (ZORI) indicates that the average market rent for a similar unit stands at $1,900, suggesting a premium over the FMR and indicating strong demand.
The median home value in Holly, MI is $319,291, reflecting a moderately priced residential market that can support both homeownership and rental investment.
Renters make up 20.0% of the local housing market, showing a significant portion of the population relies on rental properties, which is favorable for landlords and investors.
The Days on Market (DOM) for rental listings is 44 days, which is relatively low, pointing to a quick turnover and efficient rental market.
The median household income in Holly, MI is $86,575, indicating that residents have the financial stability to meet higher rental costs, supporting the ZORI figure.

Given the data, Holly, MI presents a compelling opportunity for real estate investors focused on the rental market. The premium market rent suggests a robust demand for rental properties, while the fair market rent provides a baseline for pricing. With a significant share of renters and a quick turnover rate, landlords can expect steady occupancy and returns. Additionally, the median income supports the ability of residents to afford higher rents, making it a reliable market for generating consistent cash flow.

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.