Location: Tuscola County, MI | Metro: Detroit-Warren-Livonia, MI HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The ZIP code 48760 represents a small, rural community with a total population of 1,204 residents. Only 9.3% of these residents are renters, indicating a primarily owner-occupied area where the typical household earns a median income of $54,643. The median home value in this region stands at $76,155, suggesting an affordable housing market.
In terms of rental economics, the Fair Market Rent (FMR) for ZIP 48760 in fiscal year 2024 is set at $1,100, which is slightly above the market rent of $1,006 as reported by the Census Bureau's American Community Survey. This gap between the FMR and the actual market rent presents an opportunity for landlords and small-portfolio investors looking to capitalize on the government-subsidized housing program.
Given the low percentage of renters and the modest median income levels, ZIP 48760 might be better suited for a hands-off voucher operator rather than a hands-on value-add buyer. The limited demand for rental properties means that there is less incentive to invest heavily in property improvements to attract tenants. Instead, landlords can rely on the Section 8 program to fill vacancies and ensure steady, government-backed rental income. However, the slight premium offered by the FMR over the market rent could also tempt hands-on operators who see potential in increasing the value of their properties through renovations, positioning them to charge closer to the FMR rates.
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.