Location: Tuscola County, MI | Metro: Saginaw, 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 | $710 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $154,118 | 0.66% | D |
| 3BR | $1,350 | $216,834 | 0.62% | D |
| 4BR | $1,540 | $252,349 | 0.61% | D |
U.S. Census Bureau data (2024)
The ZIP code 48768, located in Vassar, Michigan, within the Tuscola County metro area, presents an interesting profile when compared to typical ZIP codes in the same county. The Fair Market Rent (FMR) for ZIP 48768 in fiscal year 2024 is set at $1000, which is higher than the market rent of $723. This indicates that landlords in this area might be able to charge slightly above the market rate without significantly deterring tenants who qualify for Section 8 assistance.
Moreover, the median home value in ZIP 48768 stands at $196,129. This figure is notably lower than the average home value seen across other ZIP codes in Tuscola County, suggesting that it could be considered a value pocket for both renters and potential buyers. The lower home value could attract first-time homebuyers and investors looking for affordable properties.
A key metric to consider is the 12.9% renter share, which is indicative of the proportion of residents who are renting their homes. While this percentage is not exceptionally high, it does point towards a moderate presence of rental housing. Given the below-average home values, this ZIP code could represent a favorable location for Section 8 tenants, thereby making it attractive for landlords who cater to this demographic.
In summary, ZIP 48768 appears to be a value pocket within the Tuscola County metro. It offers relatively lower home values compared to the broader county, while still maintaining a competitive edge with its higher FMR compared to the actual market rent. This combination can be particularly advantageous for landlords participating in the Section 8 program, as it allows them to balance affordability with reasonable rental income.
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.