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Ecorse, MI

CitySAFMR
Wayne County
Found 1 ZIP

City Median Investment Score

165High yield potential

095130300
BRFMR
Eff. Rent
0 BR$830$910
1 BR$920$1,010
2 BR$1,150$1,240
3 BR$1,400$1,510
4 BR$1,520$1,670
5 BR$1,748Not available
6 BR$2,010Not available
7 BR$2,312Not available
8 BR$2,658Not available

Purchase Price Calculator

Maximum purchase price
$122,347

Cost breakdown

+Likely effective rent$1,240
HUD FMR$1,150
Market rent$1,290
Est. payment standard (108%)Used$1,240
-Principal and interest-$619
Loan amount$97,878
Down payment$24,469
Rate6.50%
Term30 years
-Operating costs-$421
Property taxes-$122
Insurance-$175
Utilities$0
HOA$0
Management-$124
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,114(82.2% ROI)
Projected value
$131,754
Return breakdown
Property appreciation+$9,407
Loan principal paid down+$3,507
Rental cash flow+$7,200
5-year hold
+$34,331(140.3% ROI)
Projected value
$138,424
Return breakdown
Property appreciation+$16,077
Loan principal paid down+$6,253
Rental cash flow+$12,000
10-year hold
+$73,168(299.0% ROI)
Projected value
$156,615
Return breakdown
Property appreciation+$34,268
Loan principal paid down+$14,901
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.83
1 BR
0.87
2 BR
0.89
3 BR
0.89
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Ecorse, MI fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Ecorse, MI is $1,150 a month. That is unchanged from FY 2026. Ecorse 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 Ecorse is 6% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Ecorse, MI
BedroomsFY 2027Change90–110% range
Studio$830+1.2%$747–$913
1BR$920+1.1%$828–$1,012
2BR$1,1500.0%$1,035–$1,265
3BR$1,4000.0%$1,260–$1,540
4BR$1,5200.0%$1,368–$1,672

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Ecorse, MI
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$830$920$1,150$1,400$1,520
FY 2026$820$910$1,150$1,400$1,520
FY 2025$830$920$1,170$1,440$1,550
FY 2024$780$870$1,100$1,360$1,470
FY 2023$740$830$1,060$1,320$1,420

Questions about Ecorse, MI rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,150, that basic range is $1,035 to $1,265 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 Ecorse, MI in?

Ecorse, 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 Ecorse, MI for FY 2027?

The two-bedroom FMR was unchanged at $1,150 in FY 2027. Since FY 2023 it has risen 8.5%.

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