Oakland County/Northville/48167

48167

ZIPSAFMR

Oakland County, MI

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ZIP Investment Score

86Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,420	$1,450	5.5%
1 BR	$1,560	$1,540	5.5%
2 BR	$1,950	$2,060	5.3%
3 BR	$2,370	$2,450	4.6%
4 BR	$2,570	$2,830	4.8%
5 BR	$2,955	Not available	4.8%
6 BR	$3,399	Not available	4.8%
7 BR	$3,909	Not available	4.8%
8 BR	$4,495	Not available	4.8%

Purchase Price Calculator

Maximum purchase price

$244,199

Cost breakdown

+Likely effective rent$2,060

HUD FMR$1,950

Market rent$2,120

Est. payment standard (106%)Used$2,060

-Principal and interest-$1,235

Loan amount$195,359

Down payment$48,840

Rate6.50%

Term30 years

-Operating costs-$625

Property taxes-$244

Insurance-$175

Utilities$0

HOA$0

Management-$206

=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

+$32,976(67.5% ROI)

Projected value

$262,975

Return breakdown

Property appreciation+$18,777

Loan principal paid down+$6,999

Rental cash flow+$7,200

5-year hold

+$56,571(115.8% ROI)

Projected value

$276,288

Return breakdown

Property appreciation+$32,090

Loan principal paid down+$12,482

Rental cash flow+$12,000

10-year hold

+$122,137(250.1% ROI)

Projected value

$312,595

Return breakdown

Property appreciation+$68,396

Loan principal paid down+$29,741

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.97ratio

FMR$1,420

Market$1,470

vs market-$50

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

0.97

1 BR

1.01ratio

FMR$1,560

Market$1,540

vs market+$20

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

1.01

2 BR

0.92ratio

FMR$1,950

Market$2,120

vs market-$170

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

0.92

3 BR

0.95ratio

FMR$2,370

Market$2,500

vs market-$130

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

0.95

4 BR

0.78ratio

FMR$2,570

Market$3,290

vs market-$720

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

0.78

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 48167 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48167 (Northville, MI) is $1,950 a month. That is up 4.8% from $1,860 in FY 2026. Northville 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, 48167 has the 18th-highest two-bedroom rent (county range $1,100–$2,190). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48167 is 80% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 48167
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,350	$1,420	+5.2%	$1,278–$1,562
1BR	$1,480	$1,560	+5.4%	$1,404–$1,716
2BR	$1,860	$1,950	+4.8%	$1,755–$2,145
3BR	$2,260	$2,370	+4.9%	$2,133–$2,607
4BR	$2,460	$2,570	+4.5%	$2,313–$2,827

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 48167
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,420	$1,560	$1,950	$2,370	$2,570
FY 2026	$1,350	$1,480	$1,860	$2,260	$2,460
FY 2025	$1,320	$1,440	$1,820	$2,220	$2,410
FY 2024	$1,210	$1,330	$1,670	$2,070	$2,230
FY 2023	$1,150	$1,280	$1,620	$2,010	$2,180

Two-bedroom rent in nearby Oakland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 48167
48076	$1,760	−9.7%
48083	$1,810	−7.2%
48084	$2,100	+7.7%
48085	$2,190	+12.3%
48098	$2,000	+2.6%
48099	$1,630	−16.4%
48114	$1,620	−16.9%
48165	$1,870	−4.1%
48167Current	$1,950	—
48178	$1,520	−22.1%
48220	$1,630	−16.4%
48237	$1,720	−11.8%

Questions about ZIP 48167 rents

How much will Section 8 pay for a two-bedroom in ZIP 48167?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,950, that basic range is $1,755 to $2,145 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 48167 in?

ZIP 48167 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 48167 for FY 2027?

The two-bedroom FMR rose 4.8%, from $1,860 in FY 2026 to $1,950 in FY 2027. Since FY 2023 it has risen 20.4%.

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