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Muskegon County/Muskegon/49441

49441

ZIPSAFMR
Muskegon County, MI
Zillow

ZIP Investment Score

117Above average

095130300
BRFMR
Eff. Rent
0 BR$1,010$940
1 BR$1,060$1,100
2 BR$1,390$1,160
3 BR$1,660$1,740
4 BR$1,830$1,790
5 BR$2,105Not available
6 BR$2,420Not available
7 BR$2,783Not available
8 BR$3,201Not available

Purchase Price Calculator

Maximum purchase price
$110,459

Cost breakdown

+Likely effective rent$1,160
HUD FMR$1,390
Market rentUsed$1,160
Est. payment standard (90%)$1,250
-Principal and interest-$559
Loan amount$88,367
Down payment$22,092
Rate6.50%
Term30 years
-Operating costs-$401
Property taxes-$110
Insurance-$175
Utilities$0
HOA$0
Management-$116
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,859(85.4% ROI)
Projected value
$118,952
Return breakdown
Property appreciation+$8,493
Loan principal paid down+$3,166
Rental cash flow+$7,200
5-year hold
+$32,161(145.6% ROI)
Projected value
$124,974
Return breakdown
Property appreciation+$14,515
Loan principal paid down+$5,646
Rental cash flow+$12,000
10-year hold
+$68,391(309.6% ROI)
Projected value
$141,397
Return breakdown
Property appreciation+$30,938
Loan principal paid down+$13,453
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.07
1 BR
0.95
2 BR
1.20
3 BR
0.93
4 BR
1.02
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 49441 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 49441 (Muskegon, MI) is $1,390 a month. That is up 6.1% from $1,310 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, 49441 has the 7th-highest two-bedroom rent (county range $1,120–$1,610). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 49441 is 28% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 49441
BedroomsFY 2027Change90–110% range
Studio$1,010+9.8%$909–$1,111
1BR$1,060+6.0%$954–$1,166
2BR$1,390+6.1%$1,251–$1,529
3BR$1,660+5.1%$1,494–$1,826
4BR$1,830+5.8%$1,647–$2,013

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 49441
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,010$1,060$1,390$1,660$1,830
FY 2026$920$1,000$1,310$1,580$1,730
FY 2025$820$910$1,190$1,450$1,580
FY 2024$750$850$1,110$1,380$1,480
FY 2023$700$790$1,030$1,290$1,380

Two-bedroom rent in nearby Muskegon County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 49441
49425$1,120−19.4%
49437$1,120−19.4%
49440$1,120−19.4%
49441Current$1,390—
49442$1,200−13.7%
49443$1,280−7.9%
49444$1,300−6.5%
49445$1,490+7.2%
49448$1,370−1.4%
49451$1,370−1.4%
49456$1,590+14.4%
49457$1,410+1.4%

Questions about ZIP 49441 rents

How much will Section 8 pay for a two-bedroom in ZIP 49441?

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 $1,390 it would be $1,251 to $1,529. 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 49441 in?

ZIP 49441 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 49441 for FY 2027?

The two-bedroom FMR rose 6.1%, from $1,310 in FY 2026 to $1,390 in FY 2027. Since FY 2023 it has risen 35.0%.

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