Location: Lansing-East Lansing, MI | Metro: Lansing-East Lansing, MI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,040 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
ZIP 48826, located within the Lansing-East Lansing, MI MSA metro area, serves as a cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1100 for a one-bedroom unit. Given the lack of specific market data for ZIP 48826, the FMR provides a reliable benchmark for rental income.
The absence of recent market data, including median home values and median incomes, makes it challenging to assess the potential for appreciation or as a diversifier. However, the stable FMR suggests that properties in this ZIP code will generate consistent rental income, which is crucial for landlords and small-portfolio investors looking to maintain steady cash flow.
Furthermore, the moderate flood risk identified in the area indicates that while there is some risk, it is manageable and does not significantly detract from the property's value. With only 33% of properties expected to be severely affected by flooding over the next 30 years, this risk is lower than the national average, making it a reasonable consideration for investment.
In summary, ZIP 48826 is best suited as a cash-flow anchor within a Section 8 portfolio strategy due to its stable FMR of $1100 for a one-bedroom unit, providing a predictable source of rental income.
Data Sources: FMR data from HUD (2027).
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.