Location: Huron County, MI | Metro: Huron County, MI
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 | $720 |
| 1 Bedroom | $850 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $232,727 | 0.43% | F |
U.S. Census Bureau data (2024)
The ZIP code 48467, located in Port Austin, Michigan, has a population of 2,412 individuals, with 18.6% of them being renters. This indicates that the area is primarily homeowner-dominated rather than renter-heavy. The median household income in this region is $53,750, which provides context for understanding the economic landscape.
The typical market rent in Port Austin stands at $744, representing approximately 14% of the median household income. This figure is notably lower than the Fair Market Rent (FMR) of $970 for the metro area in fiscal year 2026. Given these numbers, landlords can expect a tenant pool that is largely dependent on rental assistance programs such as Section 8 vouchers due to the disparity between market rent and FMR.
The scarcity of vouchers in a homeowner-dominated area like Port Austin means that competition for available Section 8 tenants will be high. Landlords must be prepared to offer competitive rents and amenities to attract and retain tenants who qualify for housing assistance. The typical tenant profile will likely include individuals and families whose income is below the median, making them eligible for government-subsidized housing.
To summarize, while Port Austin is not a renter-heavy ZIP, it does present opportunities for landlords willing to cater to the needs of low-income tenants. With the average rent eating up only 14% of the median income, there is room for landlords to adjust their offerings to align with the financial realities faced by potential Section 8 tenants.
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.