Location: Sanilac County, MI | Metro: Huron County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
A ZIP code analysis for 48470 reveals a neighborhood with a total population of 600 residents, where 15.9% of the residents are renters. The median household income in this area stands at $58,594, indicating a modest economic status among the inhabitants. The median home value in 48470 is $196,631, which suggests that homeownership is relatively affordable compared to national averages.
The rental market in 48470 is particularly interesting when considering the Federal Market Rent (FMR) for the fiscal year 2026, which is set at $1,180. This figure represents the maximum amount that a landlord can charge for a rental unit under the Section 8 program. However, the actual market rent for the area, according to the Census ACS data, is significantly lower at $930 per month. This discrepancy presents an opportunity for landlords and small-portfolio investors to potentially earn a higher return on investment through participation in the Section 8 program, as they can charge closer to the FMR without exceeding it.
Given these economic conditions, 48470 would be suitable for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the area's low market rent relative to the FMR means steady, government-backed income with minimal risk. For those looking to actively manage their properties and add value, there is potential to improve rental units and increase their attractiveness, thereby justifying rents closer to the FMR. Both strategies can lead to financial success in this ZIP code, depending on the investor’s approach and goals.
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.