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Branch County/Coldwater/49036

49036

ZIPSAFMR
Branch County, MI
Zillow

ZIP Investment Score

102Above average

095130300
BRFMR
Eff. Rent
0 BR$980$980
1 BR$1,000$1,000
2 BR$1,110$1,110
3 BR$1,500$1,500
4 BR$1,530$1,530
5 BR$1,759Not available
6 BR$2,023Not available
7 BR$2,327Not available
8 BR$2,676Not available

Purchase Price Calculator

Maximum purchase price
$103,029

Cost breakdown

+Likely effective rent$1,110
HUD FMRUsed$1,110
Market rentN/A
Est. payment standardN/A
-Principal and interest-$521
Loan amount$82,423
Down payment$20,606
Rate6.50%
Term30 years
-Operating costs-$389
Property taxes-$103
Insurance-$175
Utilities$0
HOA$0
Management-$111
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,075(87.7% ROI)
Projected value
$110,951
Return breakdown
Property appreciation+$7,922
Loan principal paid down+$2,953
Rental cash flow+$7,200
5-year hold
+$30,805(149.5% ROI)
Projected value
$116,568
Return breakdown
Property appreciation+$13,539
Loan principal paid down+$5,266
Rental cash flow+$12,000
10-year hold
+$65,405(317.4% ROI)
Projected value
$131,886
Return breakdown
Property appreciation+$28,857
Loan principal paid down+$12,548
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 49036 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 49036 (Coldwater, MI) is $1,110 a month. That is up 13.3% from $980 in FY 2026. Coldwater is in the Branch 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 $1,093. Among 14 ZIP codes in Branch County, 49036 has the 6th-highest two-bedroom rent (county range $1,010–$1,480). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 49036 is 2% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 49036
BedroomsFY 2027Change90–110% range
Studio$980+42.0%$882–$1,078
1BR$1,000+17.6%$900–$1,100
2BR$1,110+13.3%$999–$1,221
3BR$1,500+12.8%$1,350–$1,650
4BR$1,530+14.2%$1,377–$1,683

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 49036
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$980$1,000$1,110$1,500$1,530
FY 2026$690$850$980$1,330$1,340
FY 2025$680$780$940$1,240$1,250
FY 2024area FMR$747$752$928$1,233$1,236
FY 2023area FMR$650$654$828$1,067$1,112

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

Two-bedroom rent in nearby Branch County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 49036
49011$1,210+9.0%
49028$1,050−5.4%
49030$1,140+2.7%
49036Current$1,110—
49040$1,020−8.1%
49082$1,040−6.3%
49089$1,010−9.0%
49092$1,480+33.3%
49094$1,060−4.5%
49227$1,010−9.0%
49245$1,160+4.5%
49252$1,060−4.5%

Questions about ZIP 49036 rents

How much will Section 8 pay for a two-bedroom in ZIP 49036?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,093, which applies unless the housing authority uses Small Area FMRs, that basic range is $984 to $1,202 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 49036 in?

ZIP 49036 is in the Branch County, MI non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,093.

How much did fair market rent change in ZIP 49036 for FY 2027?

The two-bedroom FMR rose 13.3%, from $980 in FY 2026 to $1,110 in FY 2027. Since FY 2025 it has risen 18.1%.

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