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 | $750 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,080 | $81,657 | 1.32% | A |
| 3BR | $1,330 | $172,252 | 0.77% | D |
| 4BR | $1,540 | $248,795 | 0.62% | D |
| 5BR | $1,786 | $305,718 | 0.58% | F |
U.S. Census Bureau data (2024)
ZIP code 48532, located in Flint, MI, is a renter-heavy area with significant voucher demand. With a population of 18,496, nearly 40% of residents are renters, indicating a substantial tenant pool. The median household income stands at $61,998, which is crucial when assessing affordability.
The market rent in this area is $1,002 per month. This represents approximately 19.4% of the median household income, calculated by dividing the monthly rent by the annual income and multiplying by 12. Given that the Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,020, the actual market rent is slightly below this benchmark, suggesting a competitive rental environment.
The high percentage of renters implies that there is likely a robust demand for housing assistance through Section 8 vouchers. In such areas, landlords often find it beneficial to participate in the program due to the consistent rental payments and the availability of tenants who qualify for assistance. However, the competition among landlords for these vouchers can be fierce, necessitating well-maintained properties to attract tenants.
A landlord in ZIP 48532 should expect tenants who rely on housing vouchers to manage their living expenses. These tenants typically have lower incomes, often less than half of the median household income, and may include families with children, elderly individuals, or those with disabilities. Landlords will need to ensure compliance with HUD regulations and maintain properties to a standard that meets the needs of diverse tenant populations.
To summarize, ZIP 48532 is an area with strong rental demand and a significant portion of the population utilizing housing vouchers. The market rent is relatively affordable compared to the median income, but landlords must be prepared to work within the constraints of the Section 8 program to successfully lease their units.
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.