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Livingston County/Byron/48418

48418

ZIPSAFMR
Livingston County, MI
Zillow

ZIP Investment Score

89Below average

095130300
BRFMR
Eff. Rent
0 BR$1,210$1,210
1 BR$1,310$1,310
2 BR$1,640$1,640
3 BR$2,170$2,170
4 BR$2,470$2,470
5 BR$2,841Not available
6 BR$3,267Not available
7 BR$3,757Not available
8 BR$4,320Not available

Purchase Price Calculator

Maximum purchase price
$181,787

Cost breakdown

+Likely effective rent$1,640
HUD FMRUsed$1,640
Market rentN/A
Est. payment standardN/A
-Principal and interest-$919
Loan amount$145,429
Down payment$36,357
Rate6.50%
Term30 years
-Operating costs-$521
Property taxes-$182
Insurance-$175
Utilities$0
HOA$0
Management-$164
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,388(72.6% ROI)
Projected value
$195,765
Return breakdown
Property appreciation+$13,978
Loan principal paid down+$5,210
Rental cash flow+$7,200
5-year hold
+$45,180(124.3% ROI)
Projected value
$205,675
Return breakdown
Property appreciation+$23,888
Loan principal paid down+$9,292
Rental cash flow+$12,000
10-year hold
+$97,056(266.9% ROI)
Projected value
$232,703
Return breakdown
Property appreciation+$50,916
Loan principal paid down+$22,140
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 48418 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48418 (Byron, MI) is $1,640 a month. That is up 7.9% from $1,520 in FY 2026. Byron is in the Livingston County, MI HUD Metro FMR Area. 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 $1,477. Among 22 ZIP codes in Livingston County, 48418 has the 4th-highest two-bedroom rent (county range $1,320–$1,720). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48418 is 51% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 48418
BedroomsFY 2027Change90–110% range
Studio$1,210+10.0%$1,089–$1,331
1BR$1,310+8.3%$1,179–$1,441
2BR$1,640+7.9%$1,476–$1,804
3BR$2,170+8.5%$1,953–$2,387
4BR$2,470+9.8%$2,223–$2,717

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 48418
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,210$1,310$1,640$2,170$2,470
FY 2026$1,100$1,210$1,520$2,000$2,250
FY 2025$1,050$1,140$1,440$1,890$2,100
FY 2024$790$970$1,140$1,540$1,700
FY 2023$750$850$1,060$1,410$1,510

Two-bedroom rent in nearby Livingston County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 48418
48137$1,500−8.5%
48139$1,470−10.4%
48143$1,570−4.3%
48169$1,570−4.3%
48178$1,520−7.3%
48189$1,500−8.5%
48353$1,540−6.1%
48380$1,700+3.7%
48418Current$1,640—
48430$1,580−3.7%
48442$1,520−7.3%
48451$1,320−19.5%

Questions about ZIP 48418 rents

How much will Section 8 pay for a two-bedroom in ZIP 48418?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,477, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,329 to $1,625 a month; under the ZIP-level Small Area FMR of $1,640 it would be $1,476 to $1,804. 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 48418 in?

ZIP 48418 is in the Livingston County, MI HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,477.

How much did fair market rent change in ZIP 48418 for FY 2027?

The two-bedroom FMR rose 7.9%, from $1,520 in FY 2026 to $1,640 in FY 2027. Since FY 2023 it has risen 54.7%.

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