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Housing market/Michigan/ZIP 48381

ACS 2023 · FY2027 SAFMR

ZIP 48381 Milford, 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
13,737
Households
5,449
Median HH income
$103,156
Renter share
18.7%
Median gross rent
$1,146
Vacancy
2.5%
Pop. change
+2.6%
2BR SAFMR
$1,570
SAFMR / rent
1.370×
2–49 unit stock
620
LIHTC proj / units
1 / 120
HUD assisted MF
1 / 120

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 48381 · MI — sent to you.

ZIP 48381 · MI

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ACS rent vs 2BR SAFMR

ZIP 48381 — Milford, MI HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,146
2BR SAFMR$1,570
90% floor$1,413
110% ceiling$1,727

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

Housing stock

ACS 2023 units-in-structure · ZCTA 48381

  • 1-unit detached3,94470.6%
  • 1-unit attached2805.0%
  • 2–4 units2654.7%
  • 5–49 units3556.4%
  • 50+ units1552.8%
  • Mobile58910.5%
TypeUnitsShare
1-unit detached3,94470.6%
1-unit attached2805.0%
2 units (duplex)661.2%
3–4 units1993.6%
5–9 units1502.7%
10–19 units841.5%
20–49 units1212.2%
50+ units1552.8%
Mobile58910.5%

2–4 unit share 4.7% · 5–49 unit share 6.4% · combined 2–49 11.1%.

Units by bedrooms

Studio
15
1BR
254
2BR
908
3BR
2,617
4BR
1,544
5+
250

Rent burden

Rent ≥30% of income51.0%
Rent ≥50% of income27.1%
  • ACS median gross rent $1,146 (all bedrooms, occupied rentals).
  • Median contract rent $1,012.
  • Renters paying ≥30% of income 51.0%; ≥50% 27.1%.
  • FY2027 2BR SAFMR $1,570 (1.370× ACS median gross rent).

Population

13,737 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +2.6%.

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

Assisted inventory

  • LIHTC: 1 projects, 120 units.
  • HUD project-based assisted MF: 1 properties, 120 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 236 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 48381 18.7% of occupied households are renters; vacancy is 2.5%; ACS median gross rent is $1,146; population increased +2.6% between the 2018 and 2023 ACS vintages; the housing stock includes 265 units in 2–4-unit structures and 355 units in 5–49-unit structures; 1 LIHTC projects totaling 120 units; FY2027 2BR SAFMR is $1,570 versus ACS median gross rent of $1,146. 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 48381 is a Census / HUD profile for Detroit-Warren-Livonia, MI. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 48381 — Milford, 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 48381?

ZIP 48381 (Detroit-Warren-Livonia, MI HUD Metro FMR Area) has 13,737 residents, 5,449 households, a renter share of 18.7%, median household income of $103,156, and ACS 2023 median gross rent of $1,146. Vacancy is 2.5%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 48381?

ACS counts 66 units in 2-unit buildings, 199 in 3–4 unit buildings, 150 in 5–9, 84 in 10–19, and 121 in 20–49. Combined 2–49 unit stock is 620 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 48381?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,570. See the full schedule and 90–110% payment-standard band on the ZIP 48381 — Milford, MI HUD Section 8 Payment Standards / SAFMR.

Does this Michigan ZIP profile include Georgia listings?

No. ZIP 48381 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.