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 | $730 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,240 | $268,000 | 0.46% | F |
| 4BR | $1,350 | $309,301 | 0.44% | F |
U.S. Census Bureau data (2024)
The ZIP code 48461 has a population of 7,719 residents, with only 7.4% identified as renters. This indicates that it is primarily a homeowner-dominated area rather than a renter-heavy zone. The median household income stands at $78,453, which is relatively high compared to national averages.
The market rent in this area is currently set at $834. To put this into perspective, typical rent consumes approximately 10.6% of the local median income, calculated by dividing the market rent by the median household income and multiplying by 100. This percentage suggests that the cost of renting is manageable for most residents, given their income levels.
The Fair Market Rent (FMR) for ZIP 48461, as determined by the U.S. Department of Housing and Urban Development for fiscal year 2024, is $1,110. This figure represents the upper limit of what is considered reasonable for rent in the area and is higher than the current market rent, indicating potential room for slight increases without significantly impacting affordability.
Given these figures, landlords in ZIP 48461 can expect tenants who are likely to be financially stable, capable of paying rent that aligns with their income levels. However, due to the low percentage of renters, the demand for Section 8 housing vouchers may be limited, making it less favorable for landlords specifically targeting voucher recipients. Instead, landlords should focus on attracting tenants who are willing to pay market rates and can afford the rent relative to their income.
In summary, ZIP 48461 is not a hotbed for Section 8 voucher usage, but the overall financial health of its residents supports a robust rental market at current rates. Landlords should anticipate tenants who are financially secure and can manage rent payments comfortably, without relying heavily on government assistance programs.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.