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Allenton, MI

CitySAFMR
St. Clair County
Found 1 ZIP

City Median Investment Score

92Below average

095130300
BRFMR
Eff. Rent
0 BR$940$940
1 BR$1,040$1,040
2 BR$1,300$1,300
3 BR$1,600$1,600
4 BR$1,720$1,720
5 BR$1,978Not available
6 BR$2,275Not available
7 BR$2,616Not available
8 BR$3,008Not available

Purchase Price Calculator

Maximum purchase price
$131,263

Cost breakdown

+Likely effective rent$1,300
HUD FMRUsed$1,300
Market rentN/A
Est. payment standardN/A
-Principal and interest-$664
Loan amount$105,010
Down payment$26,253
Rate6.50%
Term30 years
-Operating costs-$436
Property taxes-$131
Insurance-$175
Utilities$0
HOA$0
Management-$130
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,055(80.2% ROI)
Projected value
$141,356
Return breakdown
Property appreciation+$10,093
Loan principal paid down+$3,762
Rental cash flow+$7,200
5-year hold
+$35,958(137.0% ROI)
Projected value
$148,512
Return breakdown
Property appreciation+$17,249
Loan principal paid down+$6,709
Rental cash flow+$12,000
10-year hold
+$76,751(292.4% ROI)
Projected value
$168,028
Return breakdown
Property appreciation+$36,765
Loan principal paid down+$15,987
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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Allenton, MI fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Allenton, MI is $1,300 a month. That is down 9.7% from $1,440 in FY 2026. Allenton is in the Detroit-Warren-Livonia, MI HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Michigan is $1,085, so Allenton is 20% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Allenton, MI
BedroomsFY 2027Change90–110% range
Studio$940−9.6%$846–$1,034
1BR$1,040−9.6%$936–$1,144
2BR$1,300−9.7%$1,170–$1,430
3BR$1,600−9.6%$1,440–$1,760
4BR$1,720−9.9%$1,548–$1,892

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Allenton, MI
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$940$1,040$1,300$1,600$1,720
FY 2026$1,040$1,150$1,440$1,770$1,910
FY 2025$1,150$1,270$1,600$1,960$2,120
FY 2024$1,070$1,180$1,500$1,850$2,000
FY 2023$1,010$1,140$1,450$1,810$1,950

Questions about Allenton, MI rents

How much will Section 8 pay for a two-bedroom in Allenton, MI?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,300, that basic range is $1,170 to $1,430 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Allenton, MI in?

Allenton, MI is in the Detroit-Warren-Livonia, MI HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in Allenton, MI for FY 2027?

The two-bedroom FMR fell 9.7%, from $1,440 in FY 2026 to $1,300 in FY 2027. Since FY 2023 it has fallen 10.3%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set