Location: Gladwin County, MI | Metro: Midland, 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 | $820 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,090 | $154,757 | 0.7% | D |
| 3BR | $1,500 | $222,827 | 0.67% | D |
U.S. Census Bureau data (2024)
The ZIP code 48612, located in Beaverton, Michigan, stands out within Gladwin County due to its unique demographic and economic characteristics. With a population of 8,654 residents, it has a relatively low rental rate at 16.3%, indicating that homeownership is prevalent. The median income of $55,761 suggests a middle-class community, while the median home value of $174,762 points to a stable housing market.
The voucher economics in ZIP 48612 are favorable for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area, set at $910 for fiscal year 2024, is notably higher than the average market rent of $741 based on Census ACS data. This discrepancy means that landlords who accept Section 8 vouchers can expect to receive higher rents compared to the local market rates, providing an incentive to participate in the program.
The data signature for ZIP 48612 indicates a stable environment. Home values and median incomes suggest a steady economic base, and the slight increase in rental rates through Section 8 vouchers could further support the local economy without causing significant disruption. For investors, this stability means reduced risk and potentially consistent returns, making ZIP 48612 a reliable investment choice within Gladwin County.
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.