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Lapeer County/Lapeer/48446

48446

ZIPSAFMR
Lapeer County, MI
Zillow

ZIP Investment Score

120Above average

095130300
BRFMR
Eff. Rent
0 BR$930$1,020
1 BR$1,030$1,030
2 BR$1,290$1,420
3 BR$1,570$1,720
4 BR$1,710$1,850
5 BR$1,966Not available
6 BR$2,261Not available
7 BR$2,601Not available
8 BR$2,991Not available

Purchase Price Calculator

Maximum purchase price
$149,095

Cost breakdown

+Likely effective rent$1,420
HUD FMR$1,290
Market rent$1,630
Est. payment standard (110%)Used$1,420
-Principal and interest-$754
Loan amount$119,276
Down payment$29,819
Rate6.50%
Term30 years
-Operating costs-$466
Property taxes-$149
Insurance-$175
Utilities$0
HOA$0
Management-$142
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,937(76.9% ROI)
Projected value
$160,559
Return breakdown
Property appreciation+$11,464
Loan principal paid down+$4,273
Rental cash flow+$7,200
5-year hold
+$39,213(131.5% ROI)
Projected value
$168,687
Return breakdown
Property appreciation+$19,592
Loan principal paid down+$7,621
Rental cash flow+$12,000
10-year hold
+$83,918(281.4% ROI)
Projected value
$190,854
Return breakdown
Property appreciation+$41,759
Loan principal paid down+$18,158
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.78
2 BR
0.79
3 BR
0.87
4 BR
0.89
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 48446 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48446 (Lapeer, MI) is $1,290 a month. That is up 5.7% from $1,220 in FY 2026. Lapeer 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, 48446 has the 8th-highest two-bedroom rent (county range $1,010–$1,660). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48446 is 19% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 48446
BedroomsFY 2027Change90–110% range
Studio$930+6.9%$837–$1,023
1BR$1,030+6.2%$927–$1,133
2BR$1,290+5.7%$1,161–$1,419
3BR$1,570+5.4%$1,413–$1,727
4BR$1,710+5.6%$1,539–$1,881

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 48446
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$930$1,030$1,290$1,570$1,710
FY 2026$870$970$1,220$1,490$1,620
FY 2025$860$940$1,190$1,460$1,580
FY 2024$780$870$1,100$1,360$1,470
FY 2023$720$810$1,030$1,280$1,380

Two-bedroom rent in nearby Lapeer County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 48446
48428$1,390+7.8%
48435$1,230−4.7%
48438$1,560+20.9%
48440$1,370+6.2%
48444$1,050−18.6%
48446Current$1,290—
48453$1,080−16.3%
48455$1,470+14.0%
48461$1,020−20.9%
48462$1,160−10.1%
48463$1,030−20.2%
48464$1,100−14.7%

Questions about ZIP 48446 rents

How much will Section 8 pay for a two-bedroom in ZIP 48446?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,290, that basic range is $1,161 to $1,419 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 48446 in?

ZIP 48446 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 48446 for FY 2027?

The two-bedroom FMR rose 5.7%, from $1,220 in FY 2026 to $1,290 in FY 2027. Since FY 2023 it has risen 25.2%.

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