Location: Tuscola County, MI | Metro: Flint, 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 | $780 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,460 |
| 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 | $1,110 | $184,648 | 0.6% | D |
| 3BR | $1,460 | $241,684 | 0.6% | D |
| 4BR | $1,680 | $285,644 | 0.59% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 48746, which includes Millington, Michigan, is set at $1020 for fiscal year 2024. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program. It is the maximum amount that the government will pay towards a tenant's rent, not the actual rent you charge.
To put this into perspective, the average market rent for ZIP 48746, according to the latest Census American Community Survey (ACS), is $985. This means that the FMR slightly exceeds the typical rent in the area, giving you a bit of leeway when setting your own rental rates. However, it's important to note that the actual rent you can charge might be higher, but the voucher will only cover up to $1020.
The local demand for rental properties is strong, with 8.3% of the population being renters. This indicates a consistent need for housing, making it likely that your property will be occupied if priced correctly. The median home value in Millington is around $226,402, so acquiring a rental property in this area would be a significant investment.
Before committing to a Section 8 rental, you must verify that your property meets the Housing Quality Standards (HQS). These standards ensure that the property is safe, decent, and sanitary for tenants. If your property fails to meet these criteria, you risk not being able to participate in the program, even if you have an interested tenant.
In summary, the FMR of $1020 provides a benchmark for your potential rental income under the Section 8 program. With a rental market average of $985, you should be able to attract tenants without overpricing. The high percentage of renters suggests a steady demand for housing, and the median home value gives you an idea of the investment required. Ensure your property meets HQS to avoid any issues with participation.
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.