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Berrien County/Stevensville/49127

49127

ZIPSAFMR
Berrien County, MI
Zillow

ZIP Investment Score

88Below average

095130300
BRFMR
Eff. Rent
0 BR$930$1,020
1 BR$1,020$1,120
2 BR$1,330$1,460
3 BR$1,750$1,930
4 BR$1,750$1,930
5 BR$2,012Not available
6 BR$2,314Not available
7 BR$2,662Not available
8 BR$3,061Not available

Purchase Price Calculator

Maximum purchase price
$155,039

Cost breakdown

+Likely effective rent$1,460
HUD FMR$1,330
Market rent$1,590
Est. payment standard (110%)Used$1,460
-Principal and interest-$784
Loan amount$124,031
Down payment$31,008
Rate6.50%
Term30 years
-Operating costs-$476
Property taxes-$155
Insurance-$175
Utilities$0
HOA$0
Management-$146
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,565(76.0% ROI)
Projected value
$166,960
Return breakdown
Property appreciation+$11,921
Loan principal paid down+$4,444
Rental cash flow+$7,200
5-year hold
+$40,298(130.0% ROI)
Projected value
$175,412
Return breakdown
Property appreciation+$20,373
Loan principal paid down+$7,924
Rental cash flow+$12,000
10-year hold
+$86,306(278.3% ROI)
Projected value
$198,463
Return breakdown
Property appreciation+$43,424
Loan principal paid down+$18,882
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.69
1 BR
0.73
2 BR
0.84
3 BR
0.87
4 BR
0.74
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 49127 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 49127 (Stevensville, MI) is $1,330 a month. That is down 2.2% from $1,360 in FY 2026. Stevensville is in the Niles, 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 $1,152. Among 26 ZIP codes in Berrien County, 49127 is tied for the 3rd-highest two-bedroom rent (county range $1,070–$1,450). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 49127 is 23% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 49127
BedroomsFY 2027Change90–110% range
Studio$930−1.1%$837–$1,023
1BR$1,020−1.9%$918–$1,122
2BR$1,330−2.2%$1,197–$1,463
3BR$1,750−2.2%$1,575–$1,925
4BR$1,750−2.8%$1,575–$1,925

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 49127
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$930$1,020$1,330$1,750$1,750
FY 2026$940$1,040$1,360$1,790$1,800
FY 2025$910$1,010$1,330$1,720$1,760
FY 2024$840$940$1,240$1,590$1,670
FY 2023$830$850$1,110$1,430$1,580

Two-bedroom rent in nearby Berrien County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 49127
49111$1,070−19.5%
49113$1,100−17.3%
49115$1,080−18.8%
49116$1,180−11.3%
49117$1,070−19.5%
49119$1,240−6.8%
49120$1,120−15.8%
49125$1,070−19.5%
49126$1,240−6.8%
49127Current$1,330—
49128$1,220−8.3%
49129$1,070−19.5%

Questions about ZIP 49127 rents

How much will Section 8 pay for a two-bedroom in ZIP 49127?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,152, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,037 to $1,267 a month; under the ZIP-level Small Area FMR of $1,330 it would be $1,197 to $1,463. 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 49127 in?

ZIP 49127 is in the Niles, MI MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,152.

How much did fair market rent change in ZIP 49127 for FY 2027?

The two-bedroom FMR fell 2.2%, from $1,360 in FY 2026 to $1,330 in FY 2027. Since FY 2023 it has risen 19.8%.

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