Location: Gratiot County, MI | Metro: Montcalm County, MI HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
ZIP 48811, located in Gratiot County, MI, serves as a cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for ZIP 48811 in fiscal year 2024 is set at $910, while the market rent is lower at $703. This creates a positive spread of $207 per unit, ensuring that landlords receive higher rental payments through Section 8 vouchers than the market rate would provide.
The median home value in ZIP 48811 stands at $200,962, which is relatively stable and does not indicate significant appreciation potential. Given the lack of substantial price growth and the absence of data suggesting a high price-cut share or days on market (DOM), ZIP 48811 is not considered an appreciation play. Instead, it provides a reliable source of steady cash flow.
The 19.9% renter share and median income of $70,625 in ZIP 48811 suggest that there is a sufficient tenant base with the financial means to participate in the Section 8 program. Landlords and small-portfolio investors can leverage this ZIP code to ensure consistent occupancy and rental income, making it a valuable addition to their investment strategies.
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.