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Livingston County/Milford/48380

48380

ZIPSAFMR
Livingston County, MI
Zillow

ZIP Investment Score

70Below average

095130300
BRFMR
Eff. Rent
0 BR$1,210$1,330
1 BR$1,370$1,440
2 BR$1,700$1,730
3 BR$2,150$1,970
4 BR$2,350$2,350
5 BR$2,703Not available
6 BR$3,108Not available
7 BR$3,574Not available
8 BR$4,110Not available

Purchase Price Calculator

Maximum purchase price
$195,161

Cost breakdown

+Likely effective rent$1,730
HUD FMR$1,700
Market rent$1,740
Est. payment standard (102%)Used$1,730
-Principal and interest-$987
Loan amount$156,129
Down payment$39,032
Rate6.50%
Term30 years
-Operating costs-$543
Property taxes-$195
Insurance-$175
Utilities$0
HOA$0
Management-$173
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,800(71.2% ROI)
Projected value
$210,167
Return breakdown
Property appreciation+$15,006
Loan principal paid down+$5,594
Rental cash flow+$7,200
5-year hold
+$47,621(122.0% ROI)
Projected value
$220,807
Return breakdown
Property appreciation+$25,646
Loan principal paid down+$9,975
Rental cash flow+$12,000
10-year hold
+$102,430(262.4% ROI)
Projected value
$249,822
Return breakdown
Property appreciation+$54,662
Loan principal paid down+$23,769
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.79
1 BR
0.93
2 BR
0.98
3 BR
1.09
4 BR
1.00
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 48380 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48380 (Milford, MI) is $1,700 a month. That is down 9.6% from $1,880 in FY 2026. Milford is in the Livingston County, MI HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 22 ZIP codes in Livingston County, 48380 has the 3rd-highest two-bedroom rent (county range $1,320–$1,720). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48380 is 57% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 48380
BedroomsFY 2027Change90–110% range
Studio$1,210−9.7%$1,089–$1,331
1BR$1,370−9.9%$1,233–$1,507
2BR$1,700−9.6%$1,530–$1,870
3BR$2,150−9.7%$1,935–$2,365
4BR$2,350−10.0%$2,115–$2,585

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 48380
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,210$1,370$1,700$2,150$2,350
FY 2026$1,340$1,520$1,880$2,380$2,610
FY 2025$1,480$1,680$2,080$2,640$2,890
FY 2024$1,380$1,580$1,970$2,500$2,720
FY 2023$1,270$1,460$1,830$2,320$2,520

Two-bedroom rent in nearby Livingston County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 48380
48137$1,500−11.8%
48139$1,470−13.5%
48143$1,570−7.6%
48169$1,570−7.6%
48178$1,520−10.6%
48189$1,500−11.8%
48353$1,540−9.4%
48380Current$1,700—
48418$1,640−3.5%
48430$1,580−7.1%
48442$1,520−10.6%
48451$1,320−22.4%

Questions about ZIP 48380 rents

How much will Section 8 pay for a two-bedroom in ZIP 48380?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,700, that basic range is $1,530 to $1,870 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 48380 in?

ZIP 48380 is in the Livingston County, 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 48380 for FY 2027?

The two-bedroom FMR fell 9.6%, from $1,880 in FY 2026 to $1,700 in FY 2027. Since FY 2023 it has fallen 7.1%.

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