Section 8 Fair Market Rent (FMR) for ZIP 48735 - 2027

Location: Tuscola County, MI | Metro: Huron County, MI

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$840
2 Bedrooms	$1,010
3 Bedrooms	$1,330
4 Bedrooms	$1,470
5 Bedrooms	$1,705
6 Bedrooms	$1,910
7 Bedrooms	$2,063
8 Bedrooms	$2,166

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

933

Median Household Income

$61,364

Housing Units

440

Renter Percentage

10.4%

Occupancy Rate

93.6%

Renter Occupied

The ZIP code 48735, located in Michigan, offers a unique blend of suburban living with easy access to urban amenities. This area is characterized by its moderate-sized homes and a community that values both comfort and convenience. For landlords and small-portfolio investors looking to capitalize on the housing market, understanding the key metrics can provide valuable insights into potential investment opportunities.

Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,060. This figure represents the maximum amount that low-income families should pay for housing, ensuring affordability while setting a benchmark for rental prices.
The market rent as per the Census American Community Survey is $744. This reflects the actual average rent paid by tenants in the area, indicating a lower current rent compared to the FMR, which could suggest room for slight increases.
The median home value in ZIP 48735 stands at $169,628. This is a crucial indicator for property values, showing that homes are relatively affordable, making it easier for investors to acquire properties.
Renters make up 10.4% of the population in this area. While the renter share is modest, it still provides a stable tenant base for those looking to invest in rental properties.
The median income in the area is $61,364. This economic indicator suggests that the local population has a reasonable capacity to afford housing costs, supporting the viability of rental investments.

Synthesizing these points, ZIP 48735 presents a balanced opportunity for real estate investment. The gap between the Fair Market Rent and the current market rent indicates potential for modest rent hikes, while the median home value remains accessible for acquisition. With a steady median income and a consistent renter share, landlords and small-portfolio investors can expect stable returns on their investments in this area. However, the relatively low renter share also implies a smaller pool of potential tenants, necessitating careful property selection and management strategies to ensure occupancy rates remain high.

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.