Location: Huron County, MI | Metro: Huron County, MI
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 | $720 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $198,943 | 0.51% | F |
| 3BR | $1,300 | $254,815 | 0.51% | F |
U.S. Census Bureau data (2024)
The ZIP code 48725, located in Caseville, Michigan, stands out within Huron County due to its unique demographic and economic characteristics. With a population of 1,916 residents, only 10.9% rent their homes, indicating a predominantly owner-occupied community. The median household income is $60,298, which places it slightly above the national average. The median home value of $212,542 suggests that homeownership is accessible but not without a significant investment.
Turning to the economics of Section 8 vouchers in this area, the Fair Market Rent (FMR) for ZIP 48725 is set at $970 for the metro area for fiscal year 2026. However, the actual market rent, according to the Census American Community Survey, is significantly lower at $593. This disparity means that landlords participating in the Section 8 program can potentially charge more than the local market rate, making it an attractive option for those looking to lease properties to tenants with rental assistance.
The data signature for ZIP 48725 indicates a stable community. The relatively high median income and median home value suggest financial stability among residents. Additionally, the low percentage of renters implies that the majority of the population has opted for homeownership, a sign of long-term investment and commitment to the area. Despite the attractiveness of higher rents through the Section 8 program, the overall trend in ZIP 48725 leans towards stability rather than transition, with little evidence of significant change in the near future.
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.