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Lapeer County/Attica/48412

48412

ZIPSAFMR
Lapeer County, MI
Zillow

ZIP Investment Score

113Above average

095130300
BRFMR
Eff. Rent
0 BR$1,190$1,190
1 BR$1,330$1,330
2 BR$1,660$1,660
3 BR$2,020$2,020
4 BR$2,190$2,190
5 BR$2,519Not available
6 BR$2,896Not available
7 BR$3,331Not available
8 BR$3,830Not available

Purchase Price Calculator

Maximum purchase price
$184,759

Cost breakdown

+Likely effective rent$1,660
HUD FMRUsed$1,660
Market rentN/A
Est. payment standardN/A
-Principal and interest-$934
Loan amount$147,807
Down payment$36,952
Rate6.50%
Term30 years
-Operating costs-$526
Property taxes-$185
Insurance-$175
Utilities$0
HOA$0
Management-$166
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,702(72.3% ROI)
Projected value
$198,965
Return breakdown
Property appreciation+$14,206
Loan principal paid down+$5,296
Rental cash flow+$7,200
5-year hold
+$45,722(123.7% ROI)
Projected value
$209,038
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$9,443
Rental cash flow+$12,000
10-year hold
+$98,250(265.9% ROI)
Projected value
$236,507
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 48412 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48412 (Attica, MI) is $1,660 a month. That is up 13.7% from $1,460 in FY 2026. Attica 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 23 ZIP codes in Lapeer County, 48412 has the highest two-bedroom rent (county range $1,010–$1,660). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48412 is 53% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 48412
BedroomsFY 2027Change90–110% range
Studio$1,190+14.4%$1,071–$1,309
1BR$1,330+14.7%$1,197–$1,463
2BR$1,660+13.7%$1,494–$1,826
3BR$2,020+13.5%$1,818–$2,222
4BR$2,190+13.5%$1,971–$2,409

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 48412
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,190$1,330$1,660$2,020$2,190
FY 2026$1,040$1,160$1,460$1,780$1,930
FY 2025$930$1,030$1,300$1,590$1,720
FY 2024$770$860$1,100$1,360$1,470
FY 2023$660$770$980$1,240$1,330

Two-bedroom rent in nearby Lapeer County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 48412
48371$1,530−7.8%
48412Current$1,660—
48416$1,060−36.1%
48421$1,010−39.2%
48423$1,160−30.1%
48428$1,390−16.3%
48435$1,230−25.9%
48438$1,560−6.0%
48440$1,370−17.5%
48444$1,050−36.7%
48446$1,290−22.3%
48453$1,080−34.9%

Questions about ZIP 48412 rents

How much will Section 8 pay for a two-bedroom in ZIP 48412?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,660, that basic range is $1,494 to $1,826 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 48412 in?

ZIP 48412 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 48412 for FY 2027?

The two-bedroom FMR rose 13.7%, from $1,460 in FY 2026 to $1,660 in FY 2027. Since FY 2023 it has risen 69.4%.

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