Section 8 Fair Market Rent (FMR) for ZIP 48754 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$740
1 Bedroom	$880
2 Bedrooms	$1,040
3 Bedrooms	$1,330
4 Bedrooms	$1,370
5 Bedrooms	$1,589
6 Bedrooms	$1,780
7 Bedrooms	$1,922
8 Bedrooms	$2,018

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,044

Median Household Income

$77,500

Housing Units

483

Renter Percentage

11.7%

Occupancy Rate

86.5%

Renter Occupied

The ZIP code 48754, located in the heart of Michigan, offers a stable and modest rental market environment for landlords and small-portfolio investors. The area benefits from a mix of suburban and rural characteristics, providing a tranquil setting while still being close to urban amenities.

Fair Market Rent (FMR): The FMR for ZIP 48754 is set at $970 for the fiscal year 2026, indicating a steady demand for rental properties within the region.
Market Rent: According to Census ACS data, the average market rent stands at $887, slightly below the FMR but still reflective of a healthy rental market.
Median Home Value: The median home value in the area is $168,385, which suggests that the real estate market is accessible for investors looking to enter at a reasonable price point.
Renter Share: Renters make up 11.7% of the housing market in ZIP 48754, pointing towards a community where homeownership is prevalent but there remains a notable rental segment.
Days on Market (DOM): Data for days on market is currently unavailable, which could indicate either a well-balanced market or a lack of recent activity.
Median Income: The median income in the area is $77,500, providing insight into the financial capacity of potential tenants and buyers.

In summary, ZIP 48754 presents a modest yet promising investment opportunity for real estate investors. With a fair market rent of $970 and an average market rent of $887, there is a consistent demand for rental properties, although the actual rent may be slightly lower. Given the median home value of $168,385, the area is attractive for those looking to invest without breaking the bank. The 11.7% renter share suggests a predominantly owner-occupied community, but there is still a significant portion of renters. While the days on market data is not available, the median income figure of $77,500 indicates that residents have the financial stability to support rental payments or home purchases. Overall, the area's affordability and stable income levels make it a solid choice for investors seeking long-term, low-risk returns.

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.