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 | $1,090 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $1,920 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,920 | $295,051 | 0.65% | D |
| 4BR | $1,920 | $367,316 | 0.52% | F |
U.S. Census Bureau data (2024)
The ZIP code 49283 has a population of 5,039 residents, with 23.1% being renters. This indicates that it is not a heavily renter-dominated area but rather leans towards homeownership. The median household income stands at $108,464, which is relatively high compared to the national average.
The market rent in this area is $1,244, which represents approximately 11.5% of the median household income. This suggests that the typical rent is affordable for most households, leaving a significant portion of income available for other expenses.
Comparing the market rent to the Fair Market Rent (FMR) of $910 for FY 2024, it is evident that the market rent exceeds the FMR by about 36.7%. This discrepancy implies that tenants relying solely on vouchers might struggle to find housing within their budget, as the voucher amount is lower than the prevailing market rent.
In terms of voucher demand, given the higher market rent relative to the FMR, landlords in ZIP 49283 should expect a smaller pool of Section 8 tenants. Those who do participate in the voucher program will likely need to supplement their rental assistance with additional personal funds to meet the market rate. Landlords should prepare for a tenant base that includes a mix of individuals with stable incomes who can afford market rents, along with those who might have some financial support through vouchers or other means.
The kind of tenant profile a landlord in this ZIP code should anticipate includes individuals and families who value the location and are willing to pay above the FMR for housing. These tenants are likely to have a steady income source and may be seeking areas with better amenities or lower crime rates. While there will be some demand from voucher holders, landlords should not rely on this segment as the primary tenant pool due to the high market rent compared to the FMR.
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.