Skip to main content
Loading page
Macomb County/New Baltimore/48051

48051

ZIPSAFMR
Macomb County, MI
Zillow

ZIP Investment Score

77Below average

095130300
BRFMR
Eff. Rent
0 BR$930$1,020
1 BR$1,030$1,130
2 BR$1,290$1,390
3 BR$1,570$1,670
4 BR$1,710$1,880
5 BR$1,966Not available
6 BR$2,261Not available
7 BR$2,601Not available
8 BR$2,991Not available

Purchase Price Calculator

Maximum purchase price
$144,637

Cost breakdown

+Likely effective rent$1,390
HUD FMR$1,290
Market rent$1,440
Est. payment standard (108%)Used$1,390
-Principal and interest-$731
Loan amount$115,710
Down payment$28,927
Rate6.50%
Term30 years
-Operating costs-$459
Property taxes-$145
Insurance-$175
Utilities$0
HOA$0
Management-$139
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,467(77.7% ROI)
Projected value
$155,758
Return breakdown
Property appreciation+$11,121
Loan principal paid down+$4,146
Rental cash flow+$7,200
5-year hold
+$38,399(132.7% ROI)
Projected value
$163,643
Return breakdown
Property appreciation+$19,006
Loan principal paid down+$7,393
Rental cash flow+$12,000
10-year hold
+$82,126(283.9% ROI)
Projected value
$185,148
Return breakdown
Property appreciation+$40,511
Loan principal paid down+$17,615
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.80
1 BR
0.84
2 BR
0.90
3 BR
0.91
4 BR
0.62
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 48051 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48051 (New Baltimore, MI) is $1,290 a month. That is down 2.3% from $1,320 in FY 2026. New Baltimore 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, 48051 is tied for the 37th-highest two-bedroom rent (county range $1,010–$2,190). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48051 is 19% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 48051
BedroomsFY 2027Change90–110% range
Studio$930−1.1%$837–$1,023
1BR$1,030−1.9%$927–$1,133
2BR$1,290−2.3%$1,161–$1,419
3BR$1,570−2.5%$1,413–$1,727
4BR$1,710−2.3%$1,539–$1,881

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 48051
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$930$1,030$1,290$1,570$1,710
FY 2026$940$1,050$1,320$1,610$1,750
FY 2025$950$1,040$1,320$1,620$1,750
FY 2024$910$1,010$1,280$1,580$1,700
FY 2023$860$970$1,240$1,540$1,670

Two-bedroom rent in nearby Macomb County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 48051
48038$1,740+34.9%
48041$1,100−14.7%
48042$1,960+51.9%
48043$1,160−10.1%
48044$1,650+27.9%
48045$1,320+2.3%
48046$1,460+13.2%
48047$1,340+3.9%
48048$1,650+27.9%
48050$1,320+2.3%
48051Current$1,290—
48062$1,070−17.1%

Questions about ZIP 48051 rents

How much will Section 8 pay for a two-bedroom in ZIP 48051?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,290, that basic range is $1,161 to $1,419 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 48051 in?

ZIP 48051 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 48051 for FY 2027?

The two-bedroom FMR fell 2.3%, from $1,320 in FY 2026 to $1,290 in FY 2027. Since FY 2023 it has risen 4.0%.

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