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Housing market/Michigan/ZIP 48340

ACS 2023 · FY2027 SAFMR

ZIP 48340 Pontiac, 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
25,696
Households
11,276
Median HH income
$46,474
Renter share
56.6%
Median gross rent
$1,096
Vacancy
7.2%
Pop. change
-1.4%
2BR SAFMR
$1,390
SAFMR / rent
1.268×
2–49 unit stock
3,749
LIHTC proj / units
9 / 1,305
HUD assisted MF
8 / 1,046

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 48340 · MI — sent to you.

ZIP 48340 · MI

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ACS rent vs 2BR SAFMR

ZIP 48340 — Pontiac, MI HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,096
2BR SAFMR$1,390
90% floor$1,251
110% ceiling$1,529

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

Housing stock

ACS 2023 units-in-structure · ZCTA 48340

  • 1-unit detached6,88856.7%
  • 1-unit attached5384.4%
  • 2–4 units1,1049.1%
  • 5–49 units2,64521.8%
  • 50+ units6895.7%
  • Mobile2902.4%
TypeUnitsShare
1-unit detached6,88856.7%
1-unit attached5384.4%
2 units (duplex)4123.4%
3–4 units6925.7%
5–9 units9748.0%
10–19 units1,0939.0%
20–49 units5784.8%
50+ units6895.7%
Mobile2902.4%

2–4 unit share 9.1% · 5–49 unit share 21.8% · combined 2–49 30.8%.

Units by bedrooms

Studio
191
1BR
2,214
2BR
4,252
3BR
4,841
4BR
631
5+
25

Rent burden

Rent ≥30% of income43.9%
Rent ≥50% of income23.3%
  • ACS median gross rent $1,096 (all bedrooms, occupied rentals).
  • Median contract rent $883.
  • Renters paying ≥30% of income 43.9%; ≥50% 23.3%.
  • FY2027 2BR SAFMR $1,390 (1.268× ACS median gross rent).

Population

25,696 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -1.4%.

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

Assisted inventory

  • LIHTC: 9 projects, 1,305 units.
  • HUD project-based assisted MF: 8 properties, 1,046 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 48340 56.6% of occupied households are renters; vacancy is 7.2%; ACS median gross rent is $1,096; population changed -1.4% between the 2018 and 2023 ACS vintages; the housing stock includes 1,104 units in 2–4-unit structures and 2,645 units in 5–49-unit structures; 9 LIHTC projects totaling 1,305 units; FY2027 2BR SAFMR is $1,390 versus ACS median gross rent of $1,096. 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 48340 is a Census / HUD profile for Detroit-Warren-Livonia, MI. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 48340 — Pontiac, 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 48340?

ZIP 48340 (Detroit-Warren-Livonia, MI HUD Metro FMR Area) has 25,696 residents, 11,276 households, a renter share of 56.6%, median household income of $46,474, and ACS 2023 median gross rent of $1,096. Vacancy is 7.2%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 48340?

ACS counts 412 units in 2-unit buildings, 692 in 3–4 unit buildings, 974 in 5–9, 1,093 in 10–19, and 578 in 20–49. Combined 2–49 unit stock is 3,749 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 48340?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,390. See the full schedule and 90–110% payment-standard band on the ZIP 48340 — Pontiac, MI HUD Section 8 Payment Standards / SAFMR.

Does this Michigan ZIP profile include Georgia listings?

No. ZIP 48340 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.