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Genesee County/Flint/48503

48503

ZIPSAFMR
Genesee County, MI
Zillow

ZIP Investment Score

135High yield potential

095130300
BRFMR
Eff. Rent
0 BR$740$710
1 BR$880$790
2 BR$1,060$870
3 BR$1,300$1,150
4 BR$1,510$1,180
5 BR$1,736Not available
6 BR$1,997Not available
7 BR$2,297Not available
8 BR$2,641Not available

Purchase Price Calculator

Maximum purchase price
$67,365

Cost breakdown

+Likely effective rent$870
HUD FMR$1,060
Market rentUsed$870
Est. payment standard (90%)$950
-Principal and interest-$341
Loan amount$53,892
Down payment$13,473
Rate6.50%
Term30 years
-Operating costs-$329
Property taxes-$67
Insurance-$175
Utilities$0
HOA$0
Management-$87
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$14,311(106.2% ROI)
Projected value
$72,545
Return breakdown
Property appreciation+$5,180
Loan principal paid down+$1,931
Rental cash flow+$7,200
5-year hold
+$24,296(180.3% ROI)
Projected value
$76,217
Return breakdown
Property appreciation+$8,852
Loan principal paid down+$3,443
Rental cash flow+$12,000
10-year hold
+$51,072(379.1% ROI)
Projected value
$86,233
Return breakdown
Property appreciation+$18,868
Loan principal paid down+$8,204
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.04
1 BR
1.11
2 BR
1.22
3 BR
1.13
4 BR
1.28
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 48503 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48503 (Flint, MI) is $1,060 a month. That is up 9.3% from $970 in FY 2026. Flint is in the Flint, MI MSA. 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 $1,133. Among 39 ZIP codes in Genesee County, 48503 is tied for the 30th-highest two-bedroom rent (county range $1,010–$1,640). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48503 is 2% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 48503
BedroomsFY 2027Change90–110% range
Studio$740+7.2%$666–$814
1BR$880+8.6%$792–$968
2BR$1,060+9.3%$954–$1,166
3BR$1,300+8.3%$1,170–$1,430
4BR$1,510+7.1%$1,359–$1,661

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 48503
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$740$880$1,060$1,300$1,510
FY 2026$690$810$970$1,200$1,410
FY 2025$670$770$960$1,190$1,330
FY 2024$710$820$1,020$1,270$1,390
FY 2023$630$720$910$1,140$1,230

Two-bedroom rent in nearby Genesee County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 48503
48480$1,130+6.6%
48501$1,130+6.6%
48502$1,090+2.8%
48503Current$1,060—
48504$1,090+2.8%
48505$1,010−4.7%
48506$1,080+1.9%
48507$1,130+6.6%
48509$1,250+17.9%
48519$1,180+11.3%
48529$1,200+13.2%
48531$1,130+6.6%

Questions about ZIP 48503 rents

How much will Section 8 pay for a two-bedroom in ZIP 48503?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,133, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,020 to $1,246 a month; under the ZIP-level Small Area FMR of $1,060 it would be $954 to $1,166. 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 48503 in?

ZIP 48503 is in the Flint, MI MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,133.

How much did fair market rent change in ZIP 48503 for FY 2027?

The two-bedroom FMR rose 9.3%, from $970 in FY 2026 to $1,060 in FY 2027. Since FY 2023 it has risen 16.5%.

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