JeffCroweCRE

Housing market/Michigan/ZIP 48198

ACS 2023 · FY2027 SAFMR

ZIP 48198 Ypsilanti, 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
39,507
Households
16,477
Median HH income
$63,678
Renter share
41.4%
Median gross rent
$1,197
Vacancy
5.2%
Pop. change
+1.8%
2BR SAFMR
$1,510
SAFMR / rent
1.261×
2–49 unit stock
4,631
LIHTC proj / units
6 / 865
HUD assisted MF
3 / 607

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 48198 · MI — sent to you.

ZIP 48198 · MI

By checking this box you agree that you may be referred to another real estate broker or related service and acknowledge that CENTURY 21 The Avenues licensees and/or affiliates may be paid a valuable consideration for facilitating such referral.

ACS rent vs 2BR SAFMR

ZIP 48198 — Ypsilanti, MI HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,197
2BR SAFMR$1,510
90% floor$1,359
110% ceiling$1,661

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

Housing stock

ACS 2023 units-in-structure · ZCTA 48198

  • 1-unit detached10,08258.0%
  • 1-unit attached1,0476.0%
  • 2–4 units1,0325.9%
  • 5–49 units3,59920.7%
  • 50+ units5903.4%
  • Mobile1,0295.9%
TypeUnitsShare
1-unit detached10,08258.0%
1-unit attached1,0476.0%
2 units (duplex)2641.5%
3–4 units7684.4%
5–9 units1,7239.9%
10–19 units1,2917.4%
20–49 units5853.4%
50+ units5903.4%
Mobile1,0295.9%

2–4 unit share 5.9% · 5–49 unit share 20.7% · combined 2–49 26.6%.

Units by bedrooms

Studio
424
1BR
2,020
2BR
4,964
3BR
7,786
4BR
1,874
5+
311

Rent burden

Rent ≥30% of income47.2%
Rent ≥50% of income25.8%
  • ACS median gross rent $1,197 (all bedrooms, occupied rentals).
  • Median contract rent $1,006.
  • Renters paying ≥30% of income 47.2%; ≥50% 25.8%.
  • FY2027 2BR SAFMR $1,510 (1.261× ACS median gross rent).

Population

39,507 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +1.8%.

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

Assisted inventory

  • LIHTC: 6 projects, 865 units.
  • HUD project-based assisted MF: 3 properties, 607 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 534 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 48198 41.4% of occupied households are renters; vacancy is 5.2%; ACS median gross rent is $1,197; population increased +1.8% between the 2018 and 2023 ACS vintages; the housing stock includes 1,032 units in 2–4-unit structures and 3,599 units in 5–49-unit structures; 6 LIHTC projects totaling 865 units; FY2027 2BR SAFMR is $1,510 versus ACS median gross rent of $1,197. 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 48198 is a Census / HUD profile for Detroit-Warren-Livonia, MI. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 48198 — Ypsilanti, MI HUD Section 8 Payment Standards / SAFMR·Michigan ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
48001Detroit-Warren-Livonia, MI HUD Metro FMR Area16.4%$921$1,19048002Detroit-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$1,630

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 48198?

ZIP 48198 (Detroit-Warren-Livonia, MI HUD Metro FMR Area) has 39,507 residents, 16,477 households, a renter share of 41.4%, median household income of $63,678, and ACS 2023 median gross rent of $1,197. Vacancy is 5.2%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 48198?

ACS counts 264 units in 2-unit buildings, 768 in 3–4 unit buildings, 1,723 in 5–9, 1,291 in 10–19, and 585 in 20–49. Combined 2–49 unit stock is 4,631 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 48198?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,510. See the full schedule and 90–110% payment-standard band on the ZIP 48198 — Ypsilanti, MI HUD Section 8 Payment Standards / SAFMR.

Does this Michigan ZIP profile include Georgia listings?

No. ZIP 48198 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.