Section 8 Fair Market Rent (FMR) for ZIP 48710 - 2027
Location: Bay City, MI | Metro: Bay City, MI MSA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $830 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Based on the available data, the market analysis for Section 8 investors targeting ZIP 48710 in Bay City, MI MSA, reveals several key points.
The HUD Fair Market Rent (FMR) for ZIP 48710 is set at $940 for FY 2024. Comparing this figure to the actual market rent, which is not directly available but can be inferred from recent listings on Trulia and Rent.com, indicates that voucher tenants will likely cashflow marginally at the FMR. This inference is drawn from the fact that the average rent for two-bedroom apartments in the area is significantly lower than the national average, suggesting a potentially competitive market where rents may be slightly below the FMR.
The median home value in ZIP 48710 is not specified, making it difficult to derive an exact rent-to-price ratio. However, given the lower-than-average cost of living and the lack of available home sales data, it's reasonable to assume that the rent-to-price ratio is favorable for rental investments over homeownership.
Regarding the days on market (DOM) and price cut shares, these metrics are not provided for the area. However, in the context of rent-vs-buy dynamics, they would typically indicate how quickly properties are rented out and how often landlords need to reduce their asking prices. Since these figures are missing, we cannot make a definitive statement on the speed of rental transactions or the frequency of price adjustments.
The strongest angle for investors in ZIP 48710 is likely **stability**. The consistent availability of voucher tenants who can maintain a steady cashflow, even if marginal, combined with the lower cost of living and potential for a stable rental market, makes this area attractive for long-term investment.
The HUD Fair Market Rent (FMR) for ZIP 48710 is set at $940 for FY 2024. Actual market rent data is limited, but recent listings suggest that voucher tenants will likely cashflow marginally at this rate.
- The median home value is not specified, indicating a potentially favorable rent-to-price ratio for rental investments.
- Days on market (DOM) and price cut shares are not provided, but these metrics would typically influence the speed of rental transactions and the need for price adjustments.
The strongest angle for investors in ZIP 48710 is likely stability. Consistent availability of voucher tenants and a lower cost of living make this area attractive for long-term rental investments.
Data Sources: FMR data from HUD (2027).
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.