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Muskegon County/Muskegon/49440

49440

ZIPSAFMR
Muskegon County, MI
Zillow

ZIP Investment Score

93Below average

095130300
BRFMR
Eff. Rent
0 BR$780$860
1 BR$850$940
2 BR$1,120$1,130
3 BR$1,350$1,490
4 BR$1,480$1,630
5 BR$1,702Not available
6 BR$1,957Not available
7 BR$2,251Not available
8 BR$2,589Not available

Purchase Price Calculator

Maximum purchase price
$106,001

Cost breakdown

+Likely effective rent$1,130
HUD FMR$1,120
Market rent$1,140
Est. payment standard (101%)Used$1,130
-Principal and interest-$536
Loan amount$84,801
Down payment$21,200
Rate6.50%
Term30 years
-Operating costs-$394
Property taxes-$106
Insurance-$175
Utilities$0
HOA$0
Management-$113
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,389(86.7% ROI)
Projected value
$114,152
Return breakdown
Property appreciation+$8,150
Loan principal paid down+$3,038
Rental cash flow+$7,200
5-year hold
+$31,347(147.9% ROI)
Projected value
$119,930
Return breakdown
Property appreciation+$13,929
Loan principal paid down+$5,418
Rental cash flow+$12,000
10-year hold
+$66,599(314.1% ROI)
Projected value
$135,690
Return breakdown
Property appreciation+$29,689
Loan principal paid down+$12,910
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.84
1 BR
0.74
2 BR
0.98
3 BR
0.74
4 BR
0.84
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 49440 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 49440 (Muskegon, MI) is $1,120 a month. That is up 7.7% from $1,040 in FY 2026. Muskegon 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, 49440 is tied for the 18th-highest two-bedroom rent (county range $1,120–$1,610). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 49440 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 49440
BedroomsFY 2027Change90–110% range
Studio$780+8.3%$702–$858
1BR$850+6.3%$765–$935
2BR$1,120+7.7%$1,008–$1,232
3BR$1,350+6.3%$1,215–$1,485
4BR$1,480+7.2%$1,332–$1,628

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 49440
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$780$850$1,120$1,350$1,480
FY 2026$720$800$1,040$1,270$1,380
FY 2025$650$730$960$1,180$1,270
FY 2024$610$700$910$1,120$1,210
FY 2023$560$640$830$1,030$1,110

Two-bedroom rent in nearby Muskegon County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 49440
49425$1,1200.0%
49437$1,1200.0%
49440Current$1,120—
49441$1,390+24.1%
49442$1,200+7.1%
49443$1,280+14.3%
49444$1,300+16.1%
49445$1,490+33.0%
49448$1,370+22.3%
49451$1,370+22.3%
49456$1,590+42.0%
49457$1,410+25.9%

Questions about ZIP 49440 rents

How much will Section 8 pay for a two-bedroom in ZIP 49440?

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 $1,120 it would be $1,008 to $1,232. 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 49440 in?

ZIP 49440 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 49440 for FY 2027?

The two-bedroom FMR rose 7.7%, from $1,040 in FY 2026 to $1,120 in FY 2027. Since FY 2023 it has risen 34.9%.

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