Section 8 Fair Market Rent (FMR) for ZIP 48808 - 2027

Location: Lansing-East Lansing, MI | Metro: Lansing-East Lansing, MI MSA

Investment Score for ZIP 48808

F
Monthly Rent (2BR)
$1,520
Median Price (2BR)
$263,481
1% Rule
0.58%
Annual Yield
6.92%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,190
1 Bedroom$1,210
2 Bedrooms$1,520
3 Bedrooms$1,940
4 Bedrooms$2,000
5 Bedrooms$2,320
6 Bedrooms$2,598
7 Bedrooms$2,806
8 Bedrooms$2,946

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,520 $263,481 0.58% F
3BR $1,940 $341,107 0.57% F
4BR $2,000 $424,053 0.47% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
6,527
Median Household Income
$78,370
Housing Units
2,935
Renter Percentage
26.8%
Occupancy Rate
99.0%
Renter Occupied
779

The Fair Market Rent (FMR) for ZIP 48808, Bath, MI, in fiscal year 2024 is set at $1220. This figure represents the payment standard for Section 8 housing vouchers, meaning that voucher holders will be subsidized up to this amount for rent. It's important to note that this is not your actual rent; it's the maximum amount the Housing Authority will pay on behalf of the tenant.

Comparatively, the average rent in Bath, MI, based on the latest Census American Community Survey (ACS) data, stands at $1,283. This indicates that the FMR is slightly below the local average, suggesting that Section 8 tenants might find it challenging to secure housing outside of the program without assistance.

The 26.8% share of renters in the area signals a moderate demand for rental properties. However, given the specific needs of Section 8 participants, it's crucial to ensure that your property meets all the requirements set forth by the Housing Authority. This includes maintaining a habitable living environment, passing inspections, and adhering to property standards.

Acquiring a property in ZIP 48808 can cost around $321,258, which is the median home value in the area. Before committing to a Section 8 rental, you should verify that the property complies with the Housing Quality Standards (HQS). These standards ensure that the property is safe, decent, and sanitary for tenants. Non-compliance can lead to penalties and loss of Section 8 participation.

In summary, the FMR of $1220 sets the limit for Housing Authority payments, while the local average rent of $1,283 suggests that voucher holders might struggle to find housing independently. With a 26.8% renter population, there is a steady demand for rental properties. Ensure your property meets the HQS to avoid any issues and maximize your chances of success in the Section 8 program.

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.