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MI/Monroe County/Temperance

Temperance, MI

CitySAFMR
Monroe County
Found 1 ZIP

City Median Investment Score

63Below average

095130300
BRFMR
Eff. Rent
0 BR$1,090$770
1 BR$1,200$950
2 BR$1,570$1,160
3 BR$1,920$1,450
4 BR$2,590$1,650
5 BR$2,978Not available
6 BR$3,425Not available
7 BR$3,939Not available
8 BR$4,530Not available

Purchase Price Calculator

Maximum purchase price
$110,459

Cost breakdown

+Likely effective rent$1,160
HUD FMR$1,570
Market rentUsed$1,160
Est. payment standard (90%)$1,410
-Principal and interest-$559
Loan amount$88,367
Down payment$22,092
Rate6.50%
Term30 years
-Operating costs-$401
Property taxes-$110
Insurance-$175
Utilities$0
HOA$0
Management-$116
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,859(85.4% ROI)
Projected value
$118,952
Return breakdown
Property appreciation+$8,493
Loan principal paid down+$3,166
Rental cash flow+$7,200
5-year hold
+$32,161(145.6% ROI)
Projected value
$124,974
Return breakdown
Property appreciation+$14,515
Loan principal paid down+$5,646
Rental cash flow+$12,000
10-year hold
+$68,391(309.6% ROI)
Projected value
$141,397
Return breakdown
Property appreciation+$30,938
Loan principal paid down+$13,453
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.42
1 BR
1.26
2 BR
1.35
3 BR
1.32
4 BR
1.57
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Temperance, MI fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Temperance, MI is $1,570 a month. That is up 1.9% from $1,540 in FY 2026. Temperance is in the Monroe, MI MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,304. The median county two-bedroom FMR in Michigan is $1,085, so Temperance is 45% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Temperance, MI
BedroomsFY 2027Change90–110% range
Studio$1,090+2.8%$981–$1,199
1BR$1,200+2.6%$1,080–$1,320
2BR$1,570+1.9%$1,413–$1,727
3BR$1,920+3.2%$1,728–$2,112
4BR$2,590+4.0%$2,331–$2,849

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Temperance, MI
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,090$1,200$1,570$1,920$2,590
FY 2026$1,060$1,170$1,540$1,860$2,490
FY 2025$950$1,060$1,390$1,730$2,210
FY 2024$830$930$1,220$1,520$1,980
FY 2023$760$860$1,130$1,440$1,850

Questions about Temperance, MI rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,304, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,174 to $1,434 a month; under the ZIP-level Small Area FMR of $1,570 it would be $1,413 to $1,727. 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 Temperance, MI in?

Temperance, MI is in the Monroe, MI MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,304.

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

The two-bedroom FMR rose 1.9%, from $1,540 in FY 2026 to $1,570 in FY 2027. Since FY 2023 it has risen 38.9%.

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