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Housing market/Michigan/ZIP 48001

ACS 2023 · FY2027 SAFMR

ZIP 48001 Algonac, Michigan

Detroit-Warren-Livonia, MI HUD Metro FMR Area · Michigan. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
11,502
Households
5,174
Median HH income
$64,538
Renter share
16.4%
Median gross rent
$921
Vacancy
10.6%
Pop. change
-3.2%
2BR SAFMR
$1,190
SAFMR / rent
1.292×
2–49 unit stock
399
LIHTC proj / units
3 / 123
HUD assisted MF
1 / 24

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 48001 · MI — sent to you.

ZIP 48001 · MI

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ACS rent vs 2BR SAFMR

ZIP 48001 — Algonac, MI HUD Section 8 Payment Standards / SAFMR →
ACS median rent$921
2BR SAFMR$1,190
90% floor$1,071
110% ceiling$1,309

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 48001

  • 1-unit detached5,03887.1%
  • 1-unit attached1041.8%
  • 2–4 units1733.0%
  • 5–49 units2263.9%
  • 50+ units190.3%
  • Mobile2223.8%
TypeUnitsShare
1-unit detached5,03887.1%
1-unit attached1041.8%
2 units (duplex)1041.8%
3–4 units691.2%
5–9 units1051.8%
10–19 units691.2%
20–49 units520.9%
50+ units190.3%
Mobile2223.8%

2–4 unit share 3.0% · 5–49 unit share 3.9% · combined 2–49 6.9%.

Units by bedrooms

Studio
35
1BR
470
2BR
1,372
3BR
2,939
4BR
880
5+
91

Rent burden

Rent ≥30% of income50.7%
Rent ≥50% of income29.3%
  • ACS median gross rent $921 (all bedrooms, occupied rentals).
  • Median contract rent $742.
  • Renters paying ≥30% of income 50.7%; ≥50% 29.3%.
  • FY2027 2BR SAFMR $1,190 (1.292× ACS median gross rent).

Population

11,502 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -3.2%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 3 projects, 123 units.
  • HUD project-based assisted MF: 1 properties, 24 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 48001 16.4% of occupied households are renters; vacancy is 10.6%; ACS median gross rent is $921; population changed -3.2% between the 2018 and 2023 ACS vintages; the housing stock includes 173 units in 2–4-unit structures and 226 units in 5–49-unit structures; 3 LIHTC projects totaling 123 units; FY2027 2BR SAFMR is $1,190 versus ACS median gross rent of $921. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Michigan research

ZIP 48001 is a Census / HUD profile for Detroit-Warren-Livonia, MI. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 48001 — Algonac, MI HUD Section 8 Payment Standards / SAFMR·Michigan ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
48002Detroit-Warren-Livonia, MI HUD Metro FMR Area2.7%$783$1,30048003Detroit-Warren-Livonia, MI HUD Metro FMR Area7.7%$925$1,14048004Detroit-Warren-Livonia, MI HUD Metro FMR Area——$1,27048005Detroit-Warren-Livonia, MI HUD Metro FMR Area7.7%$1,141$1,32048006Detroit-Warren-Livonia, MI HUD Metro FMR Area6.4%$1,077$1,37048009Detroit-Warren-Livonia, MI HUD Metro FMR Area23.8%$1,891$2,19048012Detroit-Warren-Livonia, MI HUD Metro FMR Area——$1,63048014Detroit-Warren-Livonia, MI HUD Metro FMR Area13.8%$827$1,02048015Detroit-Warren-Livonia, MI HUD Metro FMR Area42.6%$627$1,06048017Detroit-Warren-Livonia, MI HUD Metro FMR Area26.5%$1,255$1,51048021Detroit-Warren-Livonia, MI HUD Metro FMR Area31.1%$1,335$1,63048022Detroit-Warren-Livonia, MI HUD Metro FMR Area2.9%$942$1,180

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Michigan research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 48001?

ZIP 48001 (Detroit-Warren-Livonia, MI HUD Metro FMR Area) has 11,502 residents, 5,174 households, a renter share of 16.4%, median household income of $64,538, and ACS 2023 median gross rent of $921. Vacancy is 10.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 48001?

ACS counts 104 units in 2-unit buildings, 69 in 3–4 unit buildings, 105 in 5–9, 69 in 10–19, and 52 in 20–49. Combined 2–49 unit stock is 399 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 48001?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,190. See the full schedule and 90–110% payment-standard band on the ZIP 48001 — Algonac, MI HUD Section 8 Payment Standards / SAFMR.

Does this Michigan ZIP profile include Georgia listings?

No. ZIP 48001 is Census / HUD research for Detroit-Warren-Livonia, MI HUD Metro FMR Area. Jeff Crowe CRE does not list Michigan property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.