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Oakland County/Keego Harbor/48320

48320

ZIPSAFMR
Oakland County, MI
Zillow

ZIP Investment Score

94Below average

095130300
BRFMR
Eff. Rent
0 BR$1,050$880
1 BR$1,170$1,170
2 BR$1,460$1,610
3 BR$1,780$1,960
4 BR$1,930$2,120
5 BR$2,220Not available
6 BR$2,552Not available
7 BR$2,935Not available
8 BR$3,376Not available

Purchase Price Calculator

Maximum purchase price
$177,329

Cost breakdown

+Likely effective rent$1,610
HUD FMR$1,460
Market rent$1,730
Est. payment standard (110%)Used$1,610
-Principal and interest-$897
Loan amount$141,863
Down payment$35,466
Rate6.50%
Term30 years
-Operating costs-$513
Property taxes-$177
Insurance-$175
Utilities$0
HOA$0
Management-$161
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,918(73.1% ROI)
Projected value
$190,964
Return breakdown
Property appreciation+$13,635
Loan principal paid down+$5,083
Rental cash flow+$7,200
5-year hold
+$44,366(125.1% ROI)
Projected value
$200,631
Return breakdown
Property appreciation+$23,302
Loan principal paid down+$9,064
Rental cash flow+$12,000
10-year hold
+$95,264(268.6% ROI)
Projected value
$226,996
Return breakdown
Property appreciation+$49,667
Loan principal paid down+$21,597
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.19
1 BR
1.00
2 BR
0.84
3 BR
0.78
4 BR
0.67
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 48320 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48320 (Keego Harbor, MI) is $1,460 a month. That is unchanged from FY 2026. Keego Harbor 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, 48320 has the 75th-highest two-bedroom rent (county range $1,100–$2,190). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48320 is 35% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 48320
BedroomsFY 2027Change90–110% range
Studio$1,050+1.0%$945–$1,155
1BR$1,170+0.9%$1,053–$1,287
2BR$1,4600.0%$1,314–$1,606
3BR$1,7800.0%$1,602–$1,958
4BR$1,9300.0%$1,737–$2,123

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 48320
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,050$1,170$1,460$1,780$1,930
FY 2026$1,040$1,160$1,460$1,780$1,930
FY 2025$1,050$1,150$1,460$1,790$1,940
FY 2024$980$1,080$1,370$1,690$1,820
FY 2023$870$980$1,250$1,560$1,680

Two-bedroom rent in nearby Oakland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 48320
48316$1,640+12.3%
48317$1,580+8.2%
48320Current$1,460—
48321$1,630+11.6%
48322$2,190+50.0%
48323$2,040+39.7%
48324$1,810+24.0%
48325$1,630+11.6%
48326$1,730+18.5%
48327$1,310−10.3%
48328$1,300−11.0%
48329$1,650+13.0%

Questions about ZIP 48320 rents

How much will Section 8 pay for a two-bedroom in ZIP 48320?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,460, that basic range is $1,314 to $1,606 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 48320 in?

ZIP 48320 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 48320 for FY 2027?

The two-bedroom FMR was unchanged at $1,460 in FY 2027. Since FY 2023 it has risen 16.8%.

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