Location: Huron County, MI | Metro: Huron County, MI
| 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 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 48468 in Huron County, MI metro reveals several key points. The HUD Fair Market Rent (FMR) for the area is set at $970 per month for fiscal year 2026. In contrast, the Census ACS reports an average market rent of $638 per month. This means that voucher tenants will generally cashflow positively at the HUD FMR rate, indicating a strong potential for profitability.
To further understand the investment landscape, consider the median home value in the area, which stands at $187,965. Using this figure, we can calculate the rent-to-price ratio. With a monthly rent of $970, the annual rent would be $11,640. Dividing this by the median home value gives us a rent-to-price ratio of approximately 6.2%, suggesting that rental income is relatively low compared to property values. However, given the significant gap between the HUD FMR and the actual market rent, investors can expect a higher-than-average cashflow from voucher tenants.
The data does not provide specific figures for the median days on market (DOM) or the percentage of homes that experienced price cuts. However, these metrics are less critical when considering the strong cashflow potential offered by the difference between the HUD FMR and the local market rent. The stability of housing costs and the guaranteed nature of Section 8 vouchers also present a compelling case for long-term investment.
In summary, the strongest investor angle in ZIP 48468 is cashflow, driven by the substantial difference between the HUD FMR and the local market rent, which ensures a positive financial outcome for landlords and small-portfolio investors.
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.