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Oakland County/Birmingham/48009

48009

ZIPSAFMR
Oakland County, MI
Zillow

ZIP Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$1,570$1,730
1 BR$1,750$1,930
2 BR$2,190$2,360
3 BR$2,670$2,940
4 BR$2,900$3,190
5 BR$3,335Not available
6 BR$3,835Not available
7 BR$4,411Not available
8 BR$5,072Not available

Purchase Price Calculator

Maximum purchase price
$288,779

Cost breakdown

+Likely effective rent$2,360
HUD FMR$2,190
Market rent$2,450
Est. payment standard (108%)Used$2,360
-Principal and interest-$1,460
Loan amount$231,023
Down payment$57,756
Rate6.50%
Term30 years
-Operating costs-$700
Property taxes-$289
Insurance-$175
Utilities$0
HOA$0
Management-$236
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$37,681(65.2% ROI)
Projected value
$310,983
Return breakdown
Property appreciation+$22,204
Loan principal paid down+$8,277
Rental cash flow+$7,200
5-year hold
+$64,708(112.0% ROI)
Projected value
$326,726
Return breakdown
Property appreciation+$37,948
Loan principal paid down+$14,760
Rental cash flow+$12,000
10-year hold
+$140,053(242.5% ROI)
Projected value
$369,661
Return breakdown
Property appreciation+$80,882
Loan principal paid down+$35,171
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.77
1 BR
0.82
2 BR
0.89
3 BR
0.78
4 BR
0.45
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 48009 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48009 (Birmingham, MI) is $2,190 a month. That is up 3.3% from $2,120 in FY 2026. Birmingham 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. Among 93 ZIP codes in Oakland County, 48009 is tied for the highest two-bedroom rent (county range $1,100–$2,190). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48009 is 102% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 48009
BedroomsFY 2027Change90–110% range
Studio$1,570+3.3%$1,413–$1,727
1BR$1,750+3.6%$1,575–$1,925
2BR$2,190+3.3%$1,971–$2,409
3BR$2,670+3.1%$2,403–$2,937
4BR$2,900+3.2%$2,610–$3,190

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 48009
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,570$1,750$2,190$2,670$2,900
FY 2026$1,520$1,690$2,120$2,590$2,810
FY 2025$1,490$1,640$2,070$2,540$2,740
FY 2024$1,380$1,530$1,940$2,400$2,580
FY 2023$1,270$1,430$1,820$2,270$2,440

Two-bedroom rent in nearby Oakland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 48009
48009Current$2,190—
48012$1,630−25.6%
48017$1,510−31.1%
48025$2,1900.0%
48028$1,190−45.7%
48030$1,570−28.3%
48033$1,580−27.9%
48034$1,570−28.3%
48037$1,630−25.6%
48067$1,810−17.4%
48068$1,630−25.6%
48069$2,120−3.2%

Questions about ZIP 48009 rents

How much will Section 8 pay for a two-bedroom in ZIP 48009?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,190, that basic range is $1,971 to $2,409 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 ZIP 48009 in?

ZIP 48009 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 ZIP 48009 for FY 2027?

The two-bedroom FMR rose 3.3%, from $2,120 in FY 2026 to $2,190 in FY 2027. Since FY 2023 it has risen 20.3%.

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

County fair market rentBirmingham, MI fair market rentMI statewide rentsWhat is SAFMR?Data sources