Section 8 Fair Market Rent (FMR) for ZIP 48652 - 2027

Location: Gladwin County, MI | Metro: Bay City, MI MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$930
1 Bedroom	$940
2 Bedrooms	$1,210
3 Bedrooms	$1,630
4 Bedrooms	$1,880
5 Bedrooms	$2,181
6 Bedrooms	$2,443
7 Bedrooms	$2,638
8 Bedrooms	$2,770

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,832

Median Household Income

$69,766

Housing Units

730

Renter Percentage

1.6%

Occupancy Rate

93.8%

Renter Occupied

The ZIP code 48652, located in the heart of Livingston County, Michigan, offers a unique blend of suburban tranquility and rural charm. This area is characterized by its low-density housing, which makes it particularly appealing for those seeking a quieter lifestyle away from the bustling city centers.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 48652 for fiscal year 2024 is set at $1310. This figure provides a benchmark for rental pricing and reflects the average cost that renters should expect to pay.
The median home value in the area is $214,026, indicating a relatively affordable market for potential homeowners and investors looking to purchase properties.
Renters make up only 1.6% of the total population, suggesting that the area has a predominantly owner-occupied housing market. This could imply lower competition among landlords but also fewer rental opportunities.
The median income for residents in ZIP 48652 is $69,766. This economic indicator suggests that the local population has a stable financial standing, capable of supporting modest rental prices without significant strain.
The Days on Market (DOM) for rentals is currently not available, which could indicate a lack of recent rental activity or a limited supply of rental properties in the area.

For investors, ZIP 48652 presents a market with modest rental demand and fair returns based on the FMR and median home values. The low renter share points to a challenge in finding tenants, potentially necessitating a focus on owner-occupied investments or multifamily units to ensure a steady stream of occupants. The stable median income supports the feasibility of rental pricing around the FMR, but investors must be prepared for a niche market with fewer rental opportunities compared to more densely populated areas. Overall, while the rental market is not robust, the affordability and stability of the area could still present attractive investment opportunities for those willing to adapt their strategies accordingly.

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.