Wayne County/Dearborn/48126

48126

ZIPSAFMR

Wayne County, MI

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ZIP Investment Score

139High yield potential

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,060	$1,000	5.6%
1 BR	$1,180	$1,230	6.0%
2 BR	$1,480	$1,340	5.5%
3 BR	$1,800	$1,880	4.9%
4 BR	$1,960	$2,160	5.3%
5 BR	$2,254	Not available	5.3%
6 BR	$2,592	Not available	5.3%
7 BR	$2,981	Not available	5.3%
8 BR	$3,428	Not available	5.3%

Purchase Price Calculator

Maximum purchase price

$137,207

Cost breakdown

+Likely effective rent$1,340

HUD FMR$1,480

Market rentUsed$1,340

Est. payment standard (94%)$1,390

-Principal and interest-$694

Loan amount$109,766

Down payment$27,441

Rate6.50%

Term30 years

-Operating costs-$446

Property taxes-$137

Insurance-$175

Utilities$0

HOA$0

Management-$134

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$21,683(79.0% ROI)

Projected value

$147,757

Return breakdown

Property appreciation+$10,550

Loan principal paid down+$3,933

Rental cash flow+$7,200

5-year hold

+$37,043(135.0% ROI)

Projected value

$155,237

Return breakdown

Property appreciation+$18,030

Loan principal paid down+$7,013

Rental cash flow+$12,000

10-year hold

+$79,140(288.4% ROI)

Projected value

$175,637

Return breakdown

Property appreciation+$38,430

Loan principal paid down+$16,711

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.06ratio

FMR$1,060

Market$1,000

vs market+$60

FMR is near market; voucher and private rents are aligned.

1.06

1 BR

0.94ratio

FMR$1,180

Market$1,260

vs market-$80

FMR is near market; voucher and private rents are aligned.

0.94

2 BR

1.10ratio

FMR$1,480

Market$1,340

vs market+$140

FMR is above market; underwrite to market rent.

1.10

3 BR

0.93ratio

FMR$1,800

Market$1,930

vs market-$130

FMR is near market; voucher and private rents are aligned.

0.93

4 BR

0.87ratio

FMR$1,960

Market$2,260

vs market-$300

FMR is below market; voucher rent may lag private rents.

0.87

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 48126 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48126 (Dearborn, MI) is $1,480 a month. That is up 7.2% from $1,380 in FY 2026. Dearborn 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 83 ZIP codes in Wayne County, 48126 has the 27th-highest two-bedroom rent (county range $1,010–$2,220). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48126 is 36% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 48126
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$990	$1,060	+7.1%	$954–$1,166
1BR	$1,100	$1,180	+7.3%	$1,062–$1,298
2BR	$1,380	$1,480	+7.2%	$1,332–$1,628
3BR	$1,690	$1,800	+6.5%	$1,620–$1,980
4BR	$1,830	$1,960	+7.1%	$1,764–$2,156

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 48126
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,060	$1,180	$1,480	$1,800	$1,960
FY 2026	$990	$1,100	$1,380	$1,690	$1,830
FY 2025	$940	$1,040	$1,310	$1,600	$1,740
FY 2024	$900	$990	$1,260	$1,560	$1,680
FY 2023	$850	$960	$1,220	$1,520	$1,640

Two-bedroom rent in nearby Wayne County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 48126
48117	$1,330	−10.1%
48120	$1,830	+23.6%
48121	$1,390	−6.1%
48122	$1,430	−3.4%
48123	$1,390	−6.1%
48124	$1,600	+8.1%
48125	$1,620	+9.5%
48126Current	$1,480	—
48127	$1,550	+4.7%
48128	$2,050	+38.5%
48134	$1,370	−7.4%
48135	$1,320	−10.8%

Questions about ZIP 48126 rents

How much will Section 8 pay for a two-bedroom in ZIP 48126?

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 48126 in?

ZIP 48126 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 48126 for FY 2027?

The two-bedroom FMR rose 7.2%, from $1,380 in FY 2026 to $1,480 in FY 2027. Since FY 2023 it has risen 21.3%.

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 rent Dearborn, MI fair market rent MI statewide rents What is SAFMR?Data sources