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Muskegon County/Conklin/49403

49403

ZIPSAFMR
Muskegon County, MI
Zillow

ZIP Investment Score

79Below average

095130300
BRFMR
Eff. Rent
0 BR$1,110$1,110
1 BR$1,200$1,200
2 BR$1,380$1,380
3 BR$1,790$1,790
4 BR$2,040$2,040
5 BR$2,346Not available
6 BR$2,698Not available
7 BR$3,103Not available
8 BR$3,568Not available

Purchase Price Calculator

Maximum purchase price
$143,151

Cost breakdown

+Likely effective rent$1,380
HUD FMRUsed$1,380
Market rentN/A
Est. payment standardN/A
-Principal and interest-$724
Loan amount$114,521
Down payment$28,630
Rate6.50%
Term30 years
-Operating costs-$456
Property taxes-$143
Insurance-$175
Utilities$0
HOA$0
Management-$138
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,310(77.9% ROI)
Projected value
$154,158
Return breakdown
Property appreciation+$11,007
Loan principal paid down+$4,103
Rental cash flow+$7,200
5-year hold
+$38,128(133.2% ROI)
Projected value
$161,962
Return breakdown
Property appreciation+$18,811
Loan principal paid down+$7,317
Rental cash flow+$12,000
10-year hold
+$81,529(284.8% ROI)
Projected value
$183,245
Return breakdown
Property appreciation+$40,094
Loan principal paid down+$17,434
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 49403 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 49403 (Conklin, MI) is $1,380 a month. That is up 3.0% from $1,340 in FY 2026. Conklin is in the Muskegon-Norton Shores, 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 $1,285. Among 21 ZIP codes in Muskegon County, 49403 is tied for the 8th-highest two-bedroom rent (county range $1,120–$1,610). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 49403 is 27% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 49403
BedroomsFY 2027Change90–110% range
Studio$1,110+5.7%$999–$1,221
1BR$1,200+9.1%$1,080–$1,320
2BR$1,380+3.0%$1,242–$1,518
3BR$1,790+5.3%$1,611–$1,969
4BR$2,040+7.9%$1,836–$2,244

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 49403
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,110$1,200$1,380$1,790$2,040
FY 2026$1,050$1,100$1,340$1,700$1,890
FY 2025$990$1,050$1,240$1,610$1,770
FY 2024$970$1,160$1,320$1,740$1,850
FY 2023$940$1,050$1,200$1,600$1,660

Two-bedroom rent in nearby Muskegon County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 49403
49403Current$1,380—
49404$1,370−0.7%
49412$1,120−18.8%
49415$1,450+5.1%
49425$1,120−18.8%
49437$1,120−18.8%
49440$1,120−18.8%
49441$1,390+0.7%
49442$1,200−13.0%
49443$1,280−7.2%
49444$1,300−5.8%
49445$1,490+8.0%

Questions about ZIP 49403 rents

How much will Section 8 pay for a two-bedroom in ZIP 49403?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,285, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,157 to $1,414 a month; under the ZIP-level Small Area FMR of $1,380 it would be $1,242 to $1,518. 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 49403 in?

ZIP 49403 is in the Muskegon-Norton Shores, MI MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,285.

How much did fair market rent change in ZIP 49403 for FY 2027?

The two-bedroom FMR rose 3.0%, from $1,340 in FY 2026 to $1,380 in FY 2027. Since FY 2023 it has risen 15.0%.

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