Section 8 Fair Market Rent (FMR) for ZIP 48901 - 2027

FY 2027 Fair Market Rent Rates

The Fair Market Rent (FMR) for ZIP code 48901 in fiscal year 2024 is set at $1100. This figure represents the payment standard for Section 8 housing vouchers, meaning that if you participate in the program, you will receive up to $1100 per month from the government to cover part of your tenant's rent. It does not reflect the actual rent you can charge, which should be competitive with market rates.

In ZIP 48901, the local median rent is currently N/A, which makes it challenging to directly compare against the FMR. However, the FMR serves as a benchmark for ensuring that rents are reasonable and reflective of the area's cost of living.

The percentage of renters in the area is N/A%, indicating a significant demand for rental properties. This suggests that there is a viable market for Section 8 tenants, as many residents rely on rental assistance to find suitable housing.

When acquiring a property in ZIP 48901, you might expect to pay around N/A, based on the average property values in the area. This investment must be weighed against the monthly income you will receive from the Section 8 program, as well as any additional costs such as maintenance and property management.

Before proceeding with a Section 8 rental, verify that your property meets all local housing quality standards (HQS). These requirements ensure that the property is safe, decent, and sanitary for tenants. Failure to meet these standards could result in penalties or disqualification from the program.

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.