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49413

ZIPFMR
Newaygo County, MI
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$733$733
1 BR$786$786
2 BR$1,028$1,028
3 BR$1,423$1,423
4 BR$1,445$1,445
5 BR$1,662Not available
6 BR$1,911Not available
7 BR$2,198Not available
8 BR$2,527Not available

Purchase Price Calculator

Maximum purchase price
$90,844

Cost breakdown

+Likely effective rent$1,028
HUD FMRUsed$1,028
Market rentN/A
Est. payment standardN/A
-Principal and interest-$459
Loan amount$72,675
Down payment$18,169
Rate6.50%
Term30 years
-Operating costs-$369
Property taxes-$91
Insurance-$175
Utilities$0
HOA$0
Management-$103
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,789(92.4% ROI)
Projected value
$97,829
Return breakdown
Property appreciation+$6,985
Loan principal paid down+$2,604
Rental cash flow+$7,200
5-year hold
+$28,581(157.3% ROI)
Projected value
$102,782
Return breakdown
Property appreciation+$11,938
Loan principal paid down+$4,643
Rental cash flow+$12,000
10-year hold
+$60,508(333.0% ROI)
Projected value
$116,288
Return breakdown
Property appreciation+$25,444
Loan principal paid down+$11,064
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 49413 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 49413 (Fremont, MI) is $1,028 a month. That is up 5.3% from $976 in FY 2026. Fremont is in the Newaygo County, MI non-metropolitan FMR area. One county-wide FMR applies to every ZIP code in it. The median county two-bedroom FMR in Michigan is $1,085, so ZIP 49413 is 5% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 49413
BedroomsFY 2027Change90–110% range
Studio$733+6.1%$660–$806
1BR$786+5.6%$707–$865
2BR$1,028+5.3%$925–$1,131
3BR$1,423+10.0%$1,281–$1,565
4BR$1,445+11.3%$1,301–$1,590

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 49413
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$733$786$1,028$1,423$1,445
FY 2026$691$744$976$1,294$1,298
FY 2025$652$725$951$1,272$1,333
FY 2024$630$708$930$1,211$1,295
FY 2023$578$656$864$1,087$1,195

Questions about ZIP 49413 rents

How much will Section 8 pay for a two-bedroom in ZIP 49413?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,028, that basic range is $925 to $1,131 a month. 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 49413 in?

ZIP 49413 is in the Newaygo County, MI non-metropolitan FMR area.

How much did fair market rent change in ZIP 49413 for FY 2027?

The two-bedroom FMR rose 5.3%, from $976 in FY 2026 to $1,028 in FY 2027. Since FY 2023 it has risen 19.0%.

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 Fair Market Rents. 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