Location: Flint, MI | Metro: Flint, MI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
ZIP code 48502, located within the Flint, MI MSA, exhibits characteristics that position it as a value pocket within its broader metropolitan area. The Fair Market Rent (FMR) for ZIP 48502 in fiscal year 2024 is set at $1060, which is notably higher than the market rent of $1,003. This suggests that the area is likely receiving some level of rental assistance through programs such as Section 8, making it attractive for landlords who can benefit from the guaranteed income.
The absence of home value data for ZIP 48502 indicates that homeownership may be less prevalent compared to other areas within the Flint, MI MSA. With a renter share of 100%, this ZIP code stands out as having no homeowners, which is unusual and could imply a concentration of subsidized housing units. Such high renter share combined with below-metro average market rents often points to an area where Section 8 vouchers are frequently used, creating a niche market that landlords can exploit for steady returns.
In contrast, typical ZIP codes within the Flint, MI MSA would likely have a mix of renters and homeowners, with market rents closer to the FMR. A ZIP code with a 100% renter share and lower market rents suggests that it is heavily reliant on rental assistance programs, potentially offering fewer opportunities for appreciation in property values but providing consistent rental income.
Given the high FMR relative to the actual market rent and the exclusive reliance on renters, ZIP 48502 appears to be a prime location for landlords interested in properties that benefit from rental assistance programs. The data implies that while this ZIP code might not offer the potential for capital appreciation seen in owner-occupied neighborhoods, it provides a stable and predictable rental market due to the heavy use of Section 8 vouchers.
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.