Location: Jackson, MI | Metro: Jackson, MI MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,030 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,790 | $305,459 | 0.59% | F |
U.S. Census Bureau data (2024)
The ZIP code 49272, with a population of 2,883, has only 8.5% of residents who are renters. This indicates that the area is primarily dominated by homeowners rather than renters. The median household income stands at $84,107, which is relatively high compared to the national average. However, the market rent for the area is $923, which is a significant portion of the local income.
To be precise, the typical rent consumes about 11% of the median household income. This calculation is based on the annualized rent of $11,076 ($923 monthly) being 13.1% of the annual median income of $84,107. For context, the Fair Market Rent (FMR) for the area is set at $1,070 per month for FY 2024, which is higher than the current market rent. This suggests that while there might be some demand for rental properties, it is not as robust as it could be in areas with a higher percentage of renters.
Given the demographic and economic indicators, landlords in ZIP 49272 should anticipate a tenant pool that is likely to include individuals and families who are financially stable but may still rely on housing vouchers to manage their living expenses. The discrepancy between the FMR and the actual market rent could indicate a potential for landlords to receive additional subsidies through the Section 8 program, making it beneficial for those willing to participate in the voucher system.
However, due to the low percentage of renters, landlords should also be prepared for a less dense pool of Section 8 tenants. The competition for these vouchers may be lower, but so might the overall number of potential tenants seeking rental units. Therefore, landlords should consider the broader rental market dynamics and possibly look into other forms of rental assistance programs to diversify their tenant base.
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.