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St. Clair County/Columbus/48063

48063

ZIPSAFMR
St. Clair County, MI
Zillow

ZIP Investment Score

85Below average

095130300
BRFMR
Eff. Rent
0 BR$1,060$1,060
1 BR$1,180$1,180
2 BR$1,480$1,480
3 BR$1,800$1,800
4 BR$1,960$1,960
5 BR$2,254Not available
6 BR$2,592Not available
7 BR$2,981Not available
8 BR$3,428Not available

Purchase Price Calculator

Maximum purchase price
$158,011

Cost breakdown

+Likely effective rent$1,480
HUD FMRUsed$1,480
Market rentN/A
Est. payment standardN/A
-Principal and interest-$799
Loan amount$126,409
Down payment$31,602
Rate6.50%
Term30 years
-Operating costs-$481
Property taxes-$158
Insurance-$175
Utilities$0
HOA$0
Management-$148
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,878(75.6% ROI)
Projected value
$170,160
Return breakdown
Property appreciation+$12,150
Loan principal paid down+$4,529
Rental cash flow+$7,200
5-year hold
+$40,840(129.2% ROI)
Projected value
$178,775
Return breakdown
Property appreciation+$20,764
Loan principal paid down+$8,076
Rental cash flow+$12,000
10-year hold
+$87,501(276.9% ROI)
Projected value
$202,267
Return breakdown
Property appreciation+$44,256
Loan principal paid down+$19,244
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 48063 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48063 (Columbus, MI) is $1,480 a month. That is up 12.1% from $1,320 in FY 2026. Columbus 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 25 ZIP codes in St. Clair County, 48063 has the 2nd-highest two-bedroom rent (county range $1,020–$1,520). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48063 is 36% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 48063
BedroomsFY 2027Change90–110% range
Studio$1,060+12.8%$954–$1,166
1BR$1,180+12.4%$1,062–$1,298
2BR$1,480+12.1%$1,332–$1,628
3BR$1,800+11.8%$1,620–$1,980
4BR$1,960+12.0%$1,764–$2,156

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 48063
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,060$1,180$1,480$1,800$1,960
FY 2026$940$1,050$1,320$1,610$1,750
FY 2025$890$980$1,240$1,520$1,640
FY 2024$920$1,020$1,290$1,590$1,720
FY 2023$880$990$1,260$1,570$1,690

Two-bedroom rent in nearby St. Clair County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 48063
48039$1,120−24.3%
48040$1,200−18.9%
48041$1,100−25.7%
48049$1,320−10.8%
48054$1,400−5.4%
48059$1,200−18.9%
48060$1,230−16.9%
48061$1,270−14.2%
48063Current$1,480—
48064$1,020−31.1%
48074$1,410−4.7%
48079$1,410−4.7%

Questions about ZIP 48063 rents

How much will Section 8 pay for a two-bedroom in ZIP 48063?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,480, that basic range is $1,332 to $1,628 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 48063 in?

ZIP 48063 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 48063 for FY 2027?

The two-bedroom FMR rose 12.1%, from $1,320 in FY 2026 to $1,480 in FY 2027. Since FY 2023 it has risen 17.5%.

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