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Oakland County/Berkley/48072

48072

ZIPSAFMR
Oakland County, MI
Zillow

ZIP Investment Score

126Above average

095130300
BRFMR
Eff. Rent
0 BR$1,260$1,290
1 BR$1,410$1,550
2 BR$1,760$1,780
3 BR$2,140$2,350
4 BR$2,330$2,560
5 BR$2,680Not available
6 BR$3,081Not available
7 BR$3,544Not available
8 BR$4,075Not available

Purchase Price Calculator

Maximum purchase price
$202,591

Cost breakdown

+Likely effective rent$1,780
HUD FMR$1,760
Market rent$1,790
Est. payment standard (101%)Used$1,780
-Principal and interest-$1,024
Loan amount$162,073
Down payment$40,518
Rate6.50%
Term30 years
-Operating costs-$556
Property taxes-$203
Insurance-$175
Utilities$0
HOA$0
Management-$178
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,584(70.5% ROI)
Projected value
$218,168
Return breakdown
Property appreciation+$15,577
Loan principal paid down+$5,807
Rental cash flow+$7,200
5-year hold
+$48,977(120.9% ROI)
Projected value
$229,213
Return breakdown
Property appreciation+$26,622
Loan principal paid down+$10,355
Rental cash flow+$12,000
10-year hold
+$105,416(260.2% ROI)
Projected value
$259,333
Return breakdown
Property appreciation+$56,743
Loan principal paid down+$24,674
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.97
1 BR
0.87
2 BR
0.98
3 BR
0.83
4 BR
0.84
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 48072 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48072 (Berkley, MI) is $1,760 a month. That is up 3.5% from $1,700 in FY 2026. Berkley 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, 48072 is tied for the 28th-highest two-bedroom rent (county range $1,100–$2,190). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48072 is 62% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 48072
BedroomsFY 2027Change90–110% range
Studio$1,260+3.3%$1,134–$1,386
1BR$1,410+4.4%$1,269–$1,551
2BR$1,760+3.5%$1,584–$1,936
3BR$2,140+2.9%$1,926–$2,354
4BR$2,330+3.6%$2,097–$2,563

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 48072
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,260$1,410$1,760$2,140$2,330
FY 2026$1,220$1,350$1,700$2,080$2,250
FY 2025$1,170$1,290$1,630$2,000$2,160
FY 2024$1,090$1,210$1,530$1,890$2,040
FY 2023$980$1,110$1,410$1,760$1,890

Two-bedroom rent in nearby Oakland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 48072
48067$1,810+2.8%
48068$1,630−7.4%
48069$2,120+20.5%
48070$2,190+24.4%
48071$1,430−18.7%
48072Current$1,760—
48073$1,710−2.8%
48075$1,570−10.8%
48076$1,7600.0%
48083$1,810+2.8%
48084$2,100+19.3%
48085$2,190+24.4%

Questions about ZIP 48072 rents

How much will Section 8 pay for a two-bedroom in ZIP 48072?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,760, that basic range is $1,584 to $1,936 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 48072 in?

ZIP 48072 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 48072 for FY 2027?

The two-bedroom FMR rose 3.5%, from $1,700 in FY 2026 to $1,760 in FY 2027. Since FY 2023 it has risen 24.8%.

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