Location: Sanilac County, MI | Metro: Huron County, MI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 48475, located in Sanilac County, MI metro, reveals a favorable environment for rental properties. The HUD Fair Market Rent (FMR) for the area is set at $1,050 per month for fiscal year 2026. In contrast, the average market rent based on Census ACS data stands at $689 per month, indicating that voucher tenants will cashflow significantly at the FMR rate.
To further evaluate the investment potential, consider the median home value in the area, which is $204,714. This yields a rent-to-price ratio of approximately 0.00336, or 0.336%. This ratio suggests that the local housing market is undervalued relative to rental income, making it an attractive option for investors looking to capitalize on the difference between property values and rental rates.
Note that the median days on market (DOM) and the percentage of price cuts are not available, but given the significant gap between the HUD FMR and the actual market rent, the rent-versus-buy dynamics are likely skewed towards renting. This means that landlords can expect steady demand from both voucher holders and non-voucher tenants without the need to cut prices or wait long periods for occupancy.
The strongest investor angle in ZIP 48475 is cashflow. With voucher tenants paying above the market rate, landlords can enjoy consistent and substantial positive cash flow, making this location ideal for those seeking reliable monthly returns on their investment properties.
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.