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Roscommon County/Prudenville/48651

48651

ZIPSAFMR
Roscommon County, MI
Zillow

ZIP Investment Score

56Below average

095130300
BRFMR
Eff. Rent
0 BR$740$740
1 BR$800$800
2 BR$1,040$1,040
3 BR$1,260$1,260
4 BR$1,740$1,740
5 BR$2,001Not available
6 BR$2,301Not available
7 BR$2,646Not available
8 BR$3,043Not available

Purchase Price Calculator

Maximum purchase price
$92,627

Cost breakdown

+Likely effective rent$1,040
HUD FMRUsed$1,040
Market rentN/A
Est. payment standardN/A
-Principal and interest-$468
Loan amount$74,102
Down payment$18,525
Rate6.50%
Term30 years
-Operating costs-$372
Property taxes-$93
Insurance-$175
Utilities$0
HOA$0
Management-$104
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,977(91.6% ROI)
Projected value
$99,749
Return breakdown
Property appreciation+$7,122
Loan principal paid down+$2,655
Rental cash flow+$7,200
5-year hold
+$28,906(156.0% ROI)
Projected value
$104,799
Return breakdown
Property appreciation+$12,172
Loan principal paid down+$4,734
Rental cash flow+$12,000
10-year hold
+$61,225(330.5% ROI)
Projected value
$118,570
Return breakdown
Property appreciation+$25,943
Loan principal paid down+$11,281
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
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Mortgage rate
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ZIP 48651 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48651 (Prudenville, MI) is $1,040 a month. That is up 3.0% from $1,010 in FY 2026. Prudenville is in the Roscommon County, MI non-metropolitan 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 county-wide two-bedroom FMR of $1,014. Among 7 ZIP codes in Roscommon County, 48651 is tied for the highest two-bedroom rent (county range $1,010–$1,040). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48651 is 4% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 48651
BedroomsFY 2027Change90–110% range
Studio$740+4.2%$666–$814
1BR$800+3.9%$720–$880
2BR$1,040+3.0%$936–$1,144
3BR$1,260−2.3%$1,134–$1,386
4BR$1,740+3.0%$1,566–$1,914

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 48651
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$740$800$1,040$1,260$1,740
FY 2026$710$770$1,010$1,290$1,690
FY 2025$680$740$970$1,250$1,520
FY 2024area FMR$684$689$905$1,182$1,312
FY 2023area FMR$623$628$826$1,105$1,217

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Roscommon County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 48651
48624$1,010−2.9%
48627$1,0400.0%
48629$1,010−2.9%
48630$1,010−2.9%
48651Current$1,040—
48653$1,0400.0%
48656$1,010−2.9%

Questions about ZIP 48651 rents

How much will Section 8 pay for a two-bedroom in ZIP 48651?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,040 it would be $936 to $1,144. 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 48651 in?

ZIP 48651 is in the Roscommon County, MI non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.

How much did fair market rent change in ZIP 48651 for FY 2027?

The two-bedroom FMR rose 3.0%, from $1,010 in FY 2026 to $1,040 in FY 2027. Since FY 2025 it has risen 7.2%.

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