Skip to main content
Loading page
MI/Macomb County/Harrison Township

Harrison Township, MI

CitySAFMR
Macomb County
Found 1 ZIP

City Median Investment Score

80Below average

095130300
BRFMR
Eff. Rent
0 BR$950$950
1 BR$1,060$1,070
2 BR$1,320$1,350
3 BR$1,610$1,770
4 BR$1,740$1,910
5 BR$2,001Not available
6 BR$2,301Not available
7 BR$2,646Not available
8 BR$3,043Not available

Purchase Price Calculator

Maximum purchase price
$138,693

Cost breakdown

+Likely effective rent$1,350
HUD FMR$1,320
Market rent$1,360
Est. payment standard (102%)Used$1,350
-Principal and interest-$701
Loan amount$110,954
Down payment$27,739
Rate6.50%
Term30 years
-Operating costs-$449
Property taxes-$139
Insurance-$175
Utilities$0
HOA$0
Management-$135
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,839(78.7% ROI)
Projected value
$149,357
Return breakdown
Property appreciation+$10,664
Loan principal paid down+$3,975
Rental cash flow+$7,200
5-year hold
+$37,314(134.5% ROI)
Projected value
$156,918
Return breakdown
Property appreciation+$18,225
Loan principal paid down+$7,089
Rental cash flow+$12,000
10-year hold
+$79,737(287.5% ROI)
Projected value
$177,539
Return breakdown
Property appreciation+$38,846
Loan principal paid down+$16,892
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.00
1 BR
0.99
2 BR
0.97
3 BR
0.79
4 BR
0.67
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Harrison Township, MI fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Harrison Township, MI is $1,320 a month. That is up 3.1% from $1,280 in FY 2026. Harrison Township 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 Harrison Township is 22% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Harrison Township, MI
BedroomsFY 2027Change90–110% range
Studio$950+3.3%$855–$1,045
1BR$1,060+3.9%$954–$1,166
2BR$1,320+3.1%$1,188–$1,452
3BR$1,610+3.2%$1,449–$1,771
4BR$1,740+3.0%$1,566–$1,914

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Harrison Township, MI
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$950$1,060$1,320$1,610$1,740
FY 2026$920$1,020$1,280$1,560$1,690
FY 2025$890$980$1,240$1,520$1,640
FY 2024$830$920$1,170$1,450$1,560
FY 2023$770$860$1,100$1,370$1,480

Questions about Harrison Township, MI rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,320, that basic range is $1,188 to $1,452 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 Harrison Township, MI in?

Harrison Township, 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 Harrison Township, MI for FY 2027?

The two-bedroom FMR rose 3.1%, from $1,280 in FY 2026 to $1,320 in FY 2027. Since FY 2023 it has risen 20.0%.

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