Section 8 Fair Market Rent (FMR) for ZIP 49236 - 2027

Location: Lenawee County, MI | Metro: Ann Arbor, MI MSA

Investment Score for ZIP 49236

Monthly Rent (2BR)

$1,500

Median Price (2BR)

$195,216

1% Rule

0.77%

Annual Yield

9.22%

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	$1,230
1 Bedroom	$1,250
2 Bedrooms	$1,500
3 Bedrooms	$1,790
4 Bedrooms	$1,980
5 Bedrooms	$2,297
6 Bedrooms	$2,573
7 Bedrooms	$2,779
8 Bedrooms	$2,918

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	$1,500	$195,216	0.77%	D
3BR	$1,790	$258,777	0.69%	D
4BR	$1,980	$289,820	0.68%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

5,026

Median Household Income

$79,783

Housing Units

2,028

Renter Percentage

10.9%

Occupancy Rate

95.1%

Renter Occupied

210

Clinton, Michigan, located in ZIP code 49236, is a suburban area that offers a mix of residential properties, including both single-family homes and rental units. The real estate market here is influenced by various factors such as the local economy, housing demand, and federal guidelines for affordable housing.

The Fair Market Rent (FMR) for Clinton, MI, as set by HUD for fiscal year 2024, is $1250. This figure represents the maximum amount that a low-income household should pay for rent and utilities.
The average market rent in Clinton, MI, according to the latest Census ACS data, stands at $783. This indicates that the actual rents charged in the area are significantly below the HUD-set FMR, potentially leaving room for modest increases without deterring tenants.
The median home value in Clinton, MI, is $270,672. This suggests that homeownership is accessible to a broad range of residents, but also implies that rental properties could be priced competitively.
Renters make up 10.9% of the total population in Clinton, MI. While this percentage is relatively low, it still reflects a significant number of individuals who rely on rental properties for housing, indicating a steady demand for rentals.
The median income in Clinton, MI, is $79,783. This economic indicator provides insight into the purchasing power of the residents, which can affect the affordability of both rental and owned properties.

The data points indicate that Clinton, MI, presents a balanced real estate investment opportunity. With rents well below the HUD-set FMR, there's potential for modest rent increases without adversely affecting tenant acquisition. The low renter share suggests that while competition among landlords might be limited, the focus should remain on providing quality, affordable housing. The median home value and median income figures support the idea that Clinton can sustain a variety of property types, making it a favorable location for both rental and owner-occupied investments. Landlords and small-portfolio investors should capitalize on the current rental price gap and consider the long-term stability offered by this community.

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.