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Macomb County/Mount Clemens/48043

48043

ZIPSAFMR
Macomb County, MI
Zillow

ZIP Investment Score

130Above average

095130300
BRFMR
Eff. Rent
0 BR$830$910
1 BR$930$1,020
2 BR$1,160$1,280
3 BR$1,410$1,550
4 BR$1,530$1,680
5 BR$1,759Not available
6 BR$2,023Not available
7 BR$2,327Not available
8 BR$2,676Not available

Purchase Price Calculator

Maximum purchase price
$128,291

Cost breakdown

+Likely effective rent$1,280
HUD FMR$1,160
Market rent$1,380
Est. payment standard (110%)Used$1,280
-Principal and interest-$649
Loan amount$102,633
Down payment$25,658
Rate6.50%
Term30 years
-Operating costs-$431
Property taxes-$128
Insurance-$175
Utilities$0
HOA$0
Management-$128
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,741(80.8% ROI)
Projected value
$138,155
Return breakdown
Property appreciation+$9,864
Loan principal paid down+$3,677
Rental cash flow+$7,200
5-year hold
+$35,416(138.0% ROI)
Projected value
$145,149
Return breakdown
Property appreciation+$16,858
Loan principal paid down+$6,557
Rental cash flow+$12,000
10-year hold
+$75,557(294.5% ROI)
Projected value
$164,223
Return breakdown
Property appreciation+$35,932
Loan principal paid down+$15,625
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.49
1 BR
0.86
2 BR
0.84
3 BR
0.75
4 BR
0.66
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 48043 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48043 (Mount Clemens, MI) is $1,160 a month. That is up 2.7% from $1,130 in FY 2026. Mount Clemens 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 44 ZIP codes in Macomb County, 48043 has the 39th-highest two-bedroom rent (county range $1,010–$2,190). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48043 is 7% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 48043
BedroomsFY 2027Change90–110% range
Studio$830+2.5%$747–$913
1BR$930+3.3%$837–$1,023
2BR$1,160+2.7%$1,044–$1,276
3BR$1,410+2.2%$1,269–$1,551
4BR$1,530+2.0%$1,377–$1,683

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 48043
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$830$930$1,160$1,410$1,530
FY 2026$810$900$1,130$1,380$1,500
FY 2025$830$920$1,170$1,440$1,550
FY 2024$770$860$1,100$1,360$1,470
FY 2023$700$790$1,000$1,250$1,340

Two-bedroom rent in nearby Macomb County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 48043
48035$1,440+24.1%
48036$1,290+11.2%
48038$1,740+50.0%
48041$1,100−5.2%
48042$1,960+69.0%
48043Current$1,160—
48044$1,650+42.2%
48045$1,320+13.8%
48046$1,460+25.9%
48047$1,340+15.5%
48048$1,650+42.2%
48050$1,320+13.8%

Questions about ZIP 48043 rents

How much will Section 8 pay for a two-bedroom in ZIP 48043?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,160, that basic range is $1,044 to $1,276 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 48043 in?

ZIP 48043 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 48043 for FY 2027?

The two-bedroom FMR rose 2.7%, from $1,130 in FY 2026 to $1,160 in FY 2027. Since FY 2023 it has risen 16.0%.

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

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