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Macomb County/Warren/48089

48089

ZIPSAFMR
Macomb County, MI
Zillow

ZIP Investment Score

123Above average

095130300
BRFMR
Eff. Rent
0 BR$1,050$1,080
1 BR$1,180$1,240
2 BR$1,470$1,260
3 BR$1,790$1,640
4 BR$1,940$1,700
5 BR$2,231Not available
6 BR$2,566Not available
7 BR$2,950Not available
8 BR$3,393Not available

Purchase Price Calculator

Maximum purchase price
$125,319

Cost breakdown

+Likely effective rent$1,260
HUD FMR$1,470
Market rentUsed$1,260
Est. payment standard (91%)$1,330
-Principal and interest-$634
Loan amount$100,255
Down payment$25,064
Rate6.50%
Term30 years
-Operating costs-$426
Property taxes-$125
Insurance-$175
Utilities$0
HOA$0
Management-$126
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,428(81.5% ROI)
Projected value
$134,955
Return breakdown
Property appreciation+$9,636
Loan principal paid down+$3,592
Rental cash flow+$7,200
5-year hold
+$34,873(139.1% ROI)
Projected value
$141,787
Return breakdown
Property appreciation+$16,468
Loan principal paid down+$6,405
Rental cash flow+$12,000
10-year hold
+$74,363(296.7% ROI)
Projected value
$160,419
Return breakdown
Property appreciation+$35,100
Loan principal paid down+$15,263
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.95
1 BR
0.93
2 BR
1.17
3 BR
1.09
4 BR
1.14
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 48089 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48089 (Warren, MI) is $1,470 a month. That is up 5.8% from $1,390 in FY 2026. Warren 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, 48089 is tied for the 19th-highest two-bedroom rent (county range $1,010–$2,190). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48089 is 35% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 48089
BedroomsFY 2027Change90–110% range
Studio$1,050+6.1%$945–$1,155
1BR$1,180+6.3%$1,062–$1,298
2BR$1,470+5.8%$1,323–$1,617
3BR$1,790+5.3%$1,611–$1,969
4BR$1,940+5.4%$1,746–$2,134

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 48089
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,050$1,180$1,470$1,790$1,940
FY 2026$990$1,110$1,390$1,700$1,840
FY 2025$960$1,050$1,330$1,630$1,760
FY 2024$900$990$1,260$1,560$1,680
FY 2023$840$940$1,200$1,490$1,610

Two-bedroom rent in nearby Macomb County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 48089
48081$1,540+4.8%
48082$1,600+8.8%
48085$2,190+49.0%
48088$1,410−4.1%
48089Current$1,470—
48090$1,460−0.7%
48091$1,530+4.1%
48092$1,4700.0%
48093$1,390−5.4%
48094$1,580+7.5%
48095$1,010−31.3%
48096$1,560+6.1%

Questions about ZIP 48089 rents

How much will Section 8 pay for a two-bedroom in ZIP 48089?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,470, that basic range is $1,323 to $1,617 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 48089 in?

ZIP 48089 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 48089 for FY 2027?

The two-bedroom FMR rose 5.8%, from $1,390 in FY 2026 to $1,470 in FY 2027. Since FY 2023 it has risen 22.5%.

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