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Oakland County/Clawson/48017

48017

ZIPSAFMR
Oakland County, MI
Zillow

ZIP Investment Score

114Above average

095130300
BRFMR
Eff. Rent
0 BR$1,080$1,190
1 BR$1,210$1,330
2 BR$1,510$1,660
3 BR$1,840$2,020
4 BR$2,000$2,200
5 BR$2,300Not available
6 BR$2,645Not available
7 BR$3,042Not available
8 BR$3,498Not available

Purchase Price Calculator

Maximum purchase price
$184,759

Cost breakdown

+Likely effective rent$1,660
HUD FMR$1,510
Market rent$1,970
Est. payment standard (110%)Used$1,660
-Principal and interest-$934
Loan amount$147,807
Down payment$36,952
Rate6.50%
Term30 years
-Operating costs-$526
Property taxes-$185
Insurance-$175
Utilities$0
HOA$0
Management-$166
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,702(72.3% ROI)
Projected value
$198,965
Return breakdown
Property appreciation+$14,206
Loan principal paid down+$5,296
Rental cash flow+$7,200
5-year hold
+$45,722(123.7% ROI)
Projected value
$209,038
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$9,443
Rental cash flow+$12,000
10-year hold
+$98,250(265.9% ROI)
Projected value
$236,507
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.82
1 BR
0.77
2 BR
0.77
3 BR
0.83
4 BR
0.78
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 48017 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48017 (Clawson, MI) is $1,510 a month. That is up 7.1% from $1,410 in FY 2026. Clawson 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, 48017 has the 72nd-highest two-bedroom rent (county range $1,100–$2,190). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48017 is 39% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 48017
BedroomsFY 2027Change90–110% range
Studio$1,080+6.9%$972–$1,188
1BR$1,210+8.0%$1,089–$1,331
2BR$1,510+7.1%$1,359–$1,661
3BR$1,840+7.0%$1,656–$2,024
4BR$2,000+7.0%$1,800–$2,200

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 48017
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,080$1,210$1,510$1,840$2,000
FY 2026$1,010$1,120$1,410$1,720$1,870
FY 2025$960$1,050$1,330$1,630$1,760
FY 2024$880$980$1,240$1,530$1,650
FY 2023$810$910$1,160$1,440$1,560

Two-bedroom rent in nearby Oakland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 48017
48009$2,190+45.0%
48012$1,630+7.9%
48017Current$1,510—
48025$2,190+45.0%
48028$1,190−21.2%
48030$1,570+4.0%
48033$1,580+4.6%
48034$1,570+4.0%
48037$1,630+7.9%
48067$1,810+19.9%
48068$1,630+7.9%
48069$2,120+40.4%

Questions about ZIP 48017 rents

How much will Section 8 pay for a two-bedroom in ZIP 48017?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,510, that basic range is $1,359 to $1,661 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 48017 in?

ZIP 48017 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 48017 for FY 2027?

The two-bedroom FMR rose 7.1%, from $1,410 in FY 2026 to $1,510 in FY 2027. Since FY 2023 it has risen 30.2%.

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