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Long Lake, MN

CitySAFMR
Hennepin County
Found 1 ZIP
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City Median Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,620$1,440
1 BR$1,830$1,540
2 BR$2,220$2,250
3 BR$2,900$2,890
4 BR$3,250$3,270
5 BR$3,737Not available
6 BR$4,298Not available
7 BR$4,943Not available
8 BR$5,684Not available

Purchase Price Calculator

Maximum purchase price
$272,433

Cost breakdown

+Likely effective rent$2,250
HUD FMR$2,220
Market rent$2,270
Est. payment standard (101%)Used$2,250
-Principal and interest-$1,378
Loan amount$217,946
Down payment$54,487
Rate6.50%
Term30 years
-Operating costs-$672
Property taxes-$272
Insurance-$175
Utilities$0
HOA$0
Management-$225
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,956(66.0% ROI)
Projected value
$293,380
Return breakdown
Property appreciation+$20,948
Loan principal paid down+$7,808
Rental cash flow+$7,200
5-year hold
+$61,725(113.3% ROI)
Projected value
$308,232
Return breakdown
Property appreciation+$35,800
Loan principal paid down+$13,925
Rental cash flow+$12,000
10-year hold
+$133,484(245.0% ROI)
Projected value
$348,737
Return breakdown
Property appreciation+$76,304
Loan principal paid down+$33,180
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.13
1 BR
1.19
2 BR
0.98
3 BR
1.00
4 BR
0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Long Lake, MN fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Long Lake, MN is $2,220 a month. That is up 1.4% from $2,190 in FY 2026. Long Lake is in the Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. 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 $1,734. The median county two-bedroom FMR in Minnesota is $1,048, so Long Lake is 112% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Long Lake, MN
BedroomsFY 2027Change90–110% range
Studio$1,620+1.9%$1,458–$1,782
1BR$1,830+1.7%$1,647–$2,013
2BR$2,220+1.4%$1,998–$2,442
3BR$2,9000.0%$2,610–$3,190
4BR$3,250+0.3%$2,925–$3,575

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Long Lake, MN
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,620$1,830$2,220$2,900$3,250
FY 2026$1,590$1,800$2,190$2,900$3,240
FY 2025$1,530$1,730$2,110$2,810$3,150
FY 2024$1,410$1,590$1,950$2,630$2,980
FY 2023$1,160$1,320$1,620$2,200$2,540

Questions about Long Lake, MN rents

How much will Section 8 pay for a two-bedroom in Long Lake, MN?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,734, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,561 to $1,907 a month; under the ZIP-level Small Area FMR of $2,220 it would be $1,998 to $2,442. 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 Long Lake, MN in?

Long Lake, MN is in the Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,734.

How much did fair market rent change in Long Lake, MN for FY 2027?

The two-bedroom FMR rose 1.4%, from $2,190 in FY 2026 to $2,220 in FY 2027. Since FY 2023 it has risen 37.0%.

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