Location: Flint, MI | Metro: Flint, MI MSA
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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,090 | $34,904 | 3.12% | A+ |
| 3BR | $1,340 | $48,031 | 2.79% | A+ |
| 4BR | $1,550 | $71,439 | 2.17% | A+ |
| 5BR | $1,798 | $87,184 | 2.06% | A+ |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 48504 in Flint, MI, for fiscal year 2024 is set at $1060. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, which means it's the maximum amount that the government will pay toward rent for eligible participants. However, this is not the rent you'll charge your tenants; it's the upper limit on what the voucher can cover.
To put this into perspective, the average rent in ZIP 48504 is $920 according to the latest Census American Community Survey data. This suggests that the FMR is slightly higher than the typical market rate, potentially giving you a small buffer when setting your rent. If you align your rent close to the FMR, you can expect that most vouchers will fully cover the tenant's portion of the rent.
The rental market in ZIP 48504 has a strong demand, with 38.1% of households being renters. This indicates a significant number of potential tenants who could benefit from the Section 8 program. The median household income in the area is $47,488, which influences the acquisition cost of properties. Given this income level, you should consider purchasing properties that are priced reasonably to ensure they are affordable to Section 8 participants while still providing a good investment opportunity.
Before committing to a Section 8 rental property, it is crucial to verify that the property meets all the required standards for the program. This includes ensuring compliance with housing quality standards, such as having functional heating, plumbing, and electrical systems, as well as meeting safety requirements. A thorough inspection and any necessary repairs must be completed prior to renting to a Section 8 participant to avoid delays and ensure eligibility.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.