Skip to main content
Loading page
MI/Livingston County/Whitmore Lake

Whitmore Lake, MI

CitySAFMR
Livingston County
Found 1 ZIP

City Median Investment Score

65Below average

095130300
BRFMR
Eff. Rent
0 BR$1,230$1,250
1 BR$1,270$1,240
2 BR$1,500$1,650
3 BR$1,910$2,100
4 BR$2,150$2,300
5 BR$2,473Not available
6 BR$2,843Not available
7 BR$3,270Not available
8 BR$3,760Not available

Purchase Price Calculator

Maximum purchase price
$183,273

Cost breakdown

+Likely effective rent$1,650
HUD FMR$1,500
Market rent$1,800
Est. payment standard (110%)Used$1,650
-Principal and interest-$927
Loan amount$146,618
Down payment$36,655
Rate6.50%
Term30 years
-Operating costs-$523
Property taxes-$183
Insurance-$175
Utilities$0
HOA$0
Management-$165
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,545(72.4% ROI)
Projected value
$197,365
Return breakdown
Property appreciation+$14,092
Loan principal paid down+$5,253
Rental cash flow+$7,200
5-year hold
+$45,451(124.0% ROI)
Projected value
$207,356
Return breakdown
Property appreciation+$24,084
Loan principal paid down+$9,367
Rental cash flow+$12,000
10-year hold
+$97,653(266.4% ROI)
Projected value
$234,605
Return breakdown
Property appreciation+$51,332
Loan principal paid down+$22,321
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.98
1 BR
1.02
2 BR
0.83
3 BR
0.81
4 BR
0.90
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Whitmore Lake, MI fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Whitmore Lake, MI is $1,500 a month. That is up 2.7% from $1,460 in FY 2026. Whitmore Lake is in the Livingston County, MI HUD Metro FMR Area. 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 $1,477. The median county two-bedroom FMR in Michigan is $1,085, so Whitmore Lake is 38% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Whitmore Lake, MI
BedroomsFY 2027Change90–110% range
Studio$1,230+2.5%$1,107–$1,353
1BR$1,270+2.4%$1,143–$1,397
2BR$1,500+2.7%$1,350–$1,650
3BR$1,910+2.1%$1,719–$2,101
4BR$2,150+2.9%$1,935–$2,365

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Whitmore Lake, MI
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,230$1,270$1,500$1,910$2,150
FY 2026$1,200$1,240$1,460$1,870$2,090
FY 2025$1,100$1,190$1,400$1,800$1,990
FY 2024$1,040$1,090$1,290$1,650$1,840
FY 2023$950$990$1,180$1,510$1,700

Questions about Whitmore Lake, MI rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,477, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,329 to $1,625 a month; under the ZIP-level Small Area FMR of $1,500 it would be $1,350 to $1,650. 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 Whitmore Lake, MI in?

Whitmore Lake, MI is in the Livingston County, MI HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,477.

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

The two-bedroom FMR rose 2.7%, from $1,460 in FY 2026 to $1,500 in FY 2027. Since FY 2023 it has risen 27.1%.

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