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Saginaw County/Saginaw/48601

48601

ZIPSAFMR
Saginaw County, MI
Zillow

ZIP Investment Score

100Above average

095130300
BRFMR
Eff. Rent
0 BR$770$710
1 BR$870$760
2 BR$1,110$940
3 BR$1,430$1,180
4 BR$1,460$1,220
5 BR$1,679Not available
6 BR$1,931Not available
7 BR$2,220Not available
8 BR$2,554Not available

Purchase Price Calculator

Maximum purchase price
$77,767

Cost breakdown

+Likely effective rent$940
HUD FMR$1,110
Market rentUsed$940
Est. payment standard (90%)$1,000
-Principal and interest-$393
Loan amount$62,214
Down payment$15,553
Rate6.50%
Term30 years
-Operating costs-$347
Property taxes-$78
Insurance-$175
Utilities$0
HOA$0
Management-$94
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,409(99.1% ROI)
Projected value
$83,747
Return breakdown
Property appreciation+$5,980
Loan principal paid down+$2,229
Rental cash flow+$7,200
5-year hold
+$26,194(168.4% ROI)
Projected value
$87,986
Return breakdown
Property appreciation+$10,219
Loan principal paid down+$3,975
Rental cash flow+$12,000
10-year hold
+$55,253(355.2% ROI)
Projected value
$99,548
Return breakdown
Property appreciation+$21,781
Loan principal paid down+$9,471
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.08
1 BR
1.14
2 BR
1.18
3 BR
1.21
4 BR
1.20
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 48601 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48601 (Saginaw, MI) is $1,110 a month. That is up 1.8% from $1,090 in FY 2026. Saginaw is in the Saginaw, 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 $1,141. Among 33 ZIP codes in Saginaw County, 48601 has the 20th-highest two-bedroom rent (county range $1,010–$1,400). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48601 is 2% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 48601
BedroomsFY 2027Change90–110% range
Studio$770+2.7%$693–$847
1BR$870+4.8%$783–$957
2BR$1,110+1.8%$999–$1,221
3BR$1,430+2.1%$1,287–$1,573
4BR$1,460+1.4%$1,314–$1,606

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 48601
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$770$870$1,110$1,430$1,460
FY 2026$750$830$1,090$1,400$1,440
FY 2025$710$790$1,030$1,330$1,370
FY 2024$660$740$970$1,250$1,290
FY 2023$600$680$890$1,130$1,200

Two-bedroom rent in nearby Saginaw County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 48601
48601Current$1,110—
48602$1,120+0.9%
48603$1,250+12.6%
48604$1,260+13.5%
48605$1,140+2.7%
48606$1,140+2.7%
48607$1,220+9.9%
48608$1,140+2.7%
48609$1,100−0.9%
48614$1,260+13.5%
48616$1,010−9.0%
48623$1,400+26.1%

Questions about ZIP 48601 rents

How much will Section 8 pay for a two-bedroom in ZIP 48601?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,141, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,027 to $1,255 a month; under the ZIP-level Small Area FMR of $1,110 it would be $999 to $1,221. 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 48601 in?

ZIP 48601 is in the Saginaw, MI MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,141.

How much did fair market rent change in ZIP 48601 for FY 2027?

The two-bedroom FMR rose 1.8%, from $1,090 in FY 2026 to $1,110 in FY 2027. Since FY 2023 it has risen 24.7%.

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