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Genesee County/Flint/48505

48505

ZIPSAFMR
Genesee County, MI
Zillow

ZIP Investment Score

106Above average

095130300
BRFMR
Eff. Rent
0 BR$710$760
1 BR$840$780
2 BR$1,010$830
3 BR$1,250$1,040
4 BR$1,450$1,100
5 BR$1,667Not available
6 BR$1,918Not available
7 BR$2,205Not available
8 BR$2,536Not available

Purchase Price Calculator

Maximum purchase price
$61,421

Cost breakdown

+Likely effective rent$830
HUD FMR$1,010
Market rentUsed$830
Est. payment standard (90%)$910
-Principal and interest-$311
Loan amount$49,137
Down payment$12,284
Rate6.50%
Term30 years
-Operating costs-$319
Property taxes-$61
Insurance-$175
Utilities$0
HOA$0
Management-$83
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$13,683(111.4% ROI)
Projected value
$66,144
Return breakdown
Property appreciation+$4,723
Loan principal paid down+$1,760
Rental cash flow+$7,200
5-year hold
+$23,211(188.9% ROI)
Projected value
$69,492
Return breakdown
Property appreciation+$8,071
Loan principal paid down+$3,139
Rental cash flow+$12,000
10-year hold
+$48,684(396.3% ROI)
Projected value
$78,624
Return breakdown
Property appreciation+$17,203
Loan principal paid down+$7,481
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.90
1 BR
1.08
2 BR
1.22
3 BR
1.20
4 BR
1.32
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 48505 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48505 (Flint, MI) is $1,010 a month. That is up 4.1% 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, 48505 is tied for the 34th-highest two-bedroom rent (county range $1,010–$1,640). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48505 is 7% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 48505
BedroomsFY 2027Change90–110% range
Studio$710+2.9%$639–$781
1BR$840+3.7%$756–$924
2BR$1,010+4.1%$909–$1,111
3BR$1,250+4.2%$1,125–$1,375
4BR$1,450+2.8%$1,305–$1,595

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 48505
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$710$840$1,010$1,250$1,450
FY 2026$690$810$970$1,200$1,410
FY 2025$670$770$960$1,190$1,320
FY 2024$660$760$950$1,180$1,290
FY 2023$590$670$850$1,060$1,150

Two-bedroom rent in nearby Genesee County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 48505
48480$1,130+11.9%
48501$1,130+11.9%
48502$1,090+7.9%
48503$1,060+5.0%
48504$1,090+7.9%
48505Current$1,010—
48506$1,080+6.9%
48507$1,130+11.9%
48509$1,250+23.8%
48519$1,180+16.8%
48529$1,200+18.8%
48531$1,130+11.9%

Questions about ZIP 48505 rents

How much will Section 8 pay for a two-bedroom in ZIP 48505?

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 $1,010 it would be $909 to $1,111. 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 48505 in?

ZIP 48505 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 48505 for FY 2027?

The two-bedroom FMR rose 4.1%, from $970 in FY 2026 to $1,010 in FY 2027. Since FY 2023 it has risen 18.8%.

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