Location: Sanilac County, MI | Metro: Sanilac County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The ZIP code 48454 is situated in a tranquil suburban neighborhood characterized by its relatively small population of 1,175 residents. This area is predominantly owned, with only 10.5% of the households renting their homes. The median income in ZIP 48454 stands at $62,639, reflecting a comfortable economic status among its inhabitants. The median home value is notably high at $235,291, indicating that homeownership is a significant factor in the local economy.
Transitioning into the specifics of rental economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. However, the actual market rent in ZIP 48454, according to the Census ACS, is much lower at $683. This discrepancy suggests a potential undervaluation of rental properties in the area compared to the government's benchmark for housing costs.
Given these economic conditions, ZIP 48454 would be more suitable for a hands-on value-add buyer rather than a hands-off voucher operator. The low percentage of renters and the gap between FMR and actual market rents indicate opportunities for increasing property values through improvements and strategic management. A hands-on approach can leverage the current economic profile of the area to enhance rental yields and attract higher-paying tenants, aligning closer with the FMR standards.
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.