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Wayne County/Westland/48185

48185

ZIPSAFMR
Wayne County, MI
Zillow

ZIP Investment Score

132High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,070$1,120
1 BR$1,190$1,180
2 BR$1,490$1,590
3 BR$1,810$1,860
4 BR$1,970$2,140
5 BR$2,266Not available
6 BR$2,605Not available
7 BR$2,996Not available
8 BR$3,446Not available

Purchase Price Calculator

Maximum purchase price
$174,357

Cost breakdown

+Likely effective rent$1,590
HUD FMR$1,490
Market rent$1,650
Est. payment standard (107%)Used$1,590
-Principal and interest-$882
Loan amount$139,485
Down payment$34,871
Rate6.50%
Term30 years
-Operating costs-$508
Property taxes-$174
Insurance-$175
Utilities$0
HOA$0
Management-$159
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,604(73.4% ROI)
Projected value
$187,763
Return breakdown
Property appreciation+$13,406
Loan principal paid down+$4,997
Rental cash flow+$7,200
5-year hold
+$43,824(125.7% ROI)
Projected value
$197,269
Return breakdown
Property appreciation+$22,912
Loan principal paid down+$8,912
Rental cash flow+$12,000
10-year hold
+$94,070(269.8% ROI)
Projected value
$223,192
Return breakdown
Property appreciation+$48,835
Loan principal paid down+$21,235
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.94
1 BR
1.01
2 BR
0.90
3 BR
0.96
4 BR
0.88
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 48185 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48185 (Westland, MI) is $1,490 a month. That is up 4.9% from $1,420 in FY 2026. Westland 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, 48185 is tied for the 25th-highest two-bedroom rent (county range $1,010–$2,220). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48185 is 37% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 48185
BedroomsFY 2027Change90–110% range
Studio$1,070+4.9%$963–$1,177
1BR$1,190+5.3%$1,071–$1,309
2BR$1,490+4.9%$1,341–$1,639
3BR$1,810+4.6%$1,629–$1,991
4BR$1,970+4.8%$1,773–$2,167

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 48185
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,070$1,190$1,490$1,810$1,970
FY 2026$1,020$1,130$1,420$1,730$1,880
FY 2025$980$1,080$1,360$1,670$1,800
FY 2024$920$1,020$1,290$1,590$1,720
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 code2 bedroomvs. 48185
48173$1,390−6.7%
48174$1,370−8.1%
48180$1,270−14.8%
48183$1,270−14.8%
48184$1,190−20.1%
48185Current$1,490—
48186$1,370−8.1%
48187$1,810+21.5%
48188$1,870+25.5%
48192$1,210−18.8%
48193$1,320−11.4%
48195$1,360−8.7%

Questions about ZIP 48185 rents

How much will Section 8 pay for a two-bedroom in ZIP 48185?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,490, that basic range is $1,341 to $1,639 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 48185 in?

ZIP 48185 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 48185 for FY 2027?

The two-bedroom FMR rose 4.9%, from $1,420 in FY 2026 to $1,490 in FY 2027. Since FY 2023 it has risen 22.1%.

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