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Monroe County/Samaria/48177

48177

ZIPSAFMR
Monroe County, MI
Zillow

ZIP Investment Score

71Below average

095130300
BRFMR
Eff. Rent
0 BR$1,090$1,190
1 BR$1,200$1,220
2 BR$1,570$1,350
3 BR$1,920$1,520
4 BR$2,590$1,720
5 BR$2,978Not available
6 BR$3,425Not available
7 BR$3,939Not available
8 BR$4,530Not available

Purchase Price Calculator

Maximum purchase price
$138,693

Cost breakdown

+Likely effective rent$1,350
HUD FMR$1,570
Market rentUsed$1,350
Est. payment standard (91%)$1,430
-Principal and interest-$701
Loan amount$110,954
Down payment$27,739
Rate6.50%
Term30 years
-Operating costs-$449
Property taxes-$139
Insurance-$175
Utilities$0
HOA$0
Management-$135
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,839(78.7% ROI)
Projected value
$149,357
Return breakdown
Property appreciation+$10,664
Loan principal paid down+$3,975
Rental cash flow+$7,200
5-year hold
+$37,314(134.5% ROI)
Projected value
$156,918
Return breakdown
Property appreciation+$18,225
Loan principal paid down+$7,089
Rental cash flow+$12,000
10-year hold
+$79,737(287.5% ROI)
Projected value
$177,539
Return breakdown
Property appreciation+$38,846
Loan principal paid down+$16,892
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.88
1 BR
0.98
2 BR
1.16
3 BR
1.26
4 BR
1.51
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 48177 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48177 (Samaria, MI) is $1,570 a month. That is up 1.9% from $1,540 in FY 2026. Samaria is in the Monroe, MI MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,304. Among 25 ZIP codes in Monroe County, 48177 is tied for the 4th-highest two-bedroom rent (county range $1,200–$1,930). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48177 is 45% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 48177
BedroomsFY 2027Change90–110% range
Studio$1,090+2.8%$981–$1,199
1BR$1,200+2.6%$1,080–$1,320
2BR$1,570+1.9%$1,413–$1,727
3BR$1,920+3.2%$1,728–$2,112
4BR$2,590+4.0%$2,331–$2,849

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 48177
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,090$1,200$1,570$1,920$2,590
FY 2026$1,060$1,170$1,540$1,860$2,490
FY 2025$950$1,060$1,390$1,730$2,210
FY 2024$830$930$1,220$1,520$1,980
FY 2023$760$860$1,130$1,440$1,850

Two-bedroom rent in nearby Monroe County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 48177
48145$1,310−16.6%
48157$1,200−23.6%
48159$1,240−21.0%
48160$1,530−2.5%
48161$1,220−22.3%
48162$1,200−23.6%
48164$1,930+22.9%
48166$1,440−8.3%
48177Current$1,570—
48179$1,660+5.7%
48182$1,5700.0%
48191$1,750+11.5%

Questions about ZIP 48177 rents

How much will Section 8 pay for a two-bedroom in ZIP 48177?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,304, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,174 to $1,434 a month; under the ZIP-level Small Area FMR of $1,570 it would be $1,413 to $1,727. 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 48177 in?

ZIP 48177 is in the Monroe, MI MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,304.

How much did fair market rent change in ZIP 48177 for FY 2027?

The two-bedroom FMR rose 1.9%, from $1,540 in FY 2026 to $1,570 in FY 2027. Since FY 2023 it has risen 38.9%.

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