Location: Sanilac County, MI | Metro: Sanilac 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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,300 | $181,567 | 0.72% | D |
U.S. Census Bureau data (2024)
29.1% of residents in ZIP code 48471 are renters, indicating a significant demand for rental properties in the area. The Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $970, which is notably higher than the average market rent reported by the Census ACS at $795. This suggests that Section 8 vouchers could cover a substantial portion of the rent for eligible tenants, making these properties attractive to both voucher holders and landlords.
$171,153 is the median home value in ZIP 48471, providing a benchmark for property values in the region. Given the median income of $62,844, it's evident that many households would struggle to purchase homes outright, further supporting the case for rental housing. The discrepancy between the FMR and the market rent also implies that there is room for landlords to charge closer to the FMR without pricing out potential tenants.
While the days on market (DOM) and the percentage of price-cut shares are not available for ZIP 48471, the existing data points towards a stable rental market. The difference between the FMR and the current market rent indicates that landlords participating in the Section 8 program could see an increase in their rental income without significantly raising the cost burden on tenants.
The analysis of the data for ZIP 48471 reveals a strong case for landlords to consider accepting Section 8 vouchers. With a robust tenant base and the potential for rental income to be close to the FMR, the financial benefits are clear. Additionally, the stability implied by the median home value and median income figures supports the long-term viability of such investments.
Verdict: Accepting Section 8 vouchers in ZIP 48471 is financially advantageous for landlords.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.