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MN/Clay County/Wolverton

Wolverton, MN

CitySAFMR
Clay County
Found 1 ZIP

City Median Investment Score

88Below average

095130300
BRFMR
Eff. Rent
0 BR$880$880
1 BR$970$970
2 BR$1,210$1,210
3 BR$1,690$1,690
4 BR$2,000$2,000
5 BR$2,300Not available
6 BR$2,645Not available
7 BR$3,042Not available
8 BR$3,498Not available

Purchase Price Calculator

Maximum purchase price
$117,889

Cost breakdown

+Likely effective rent$1,210
HUD FMRUsed$1,210
Market rentN/A
Est. payment standardN/A
-Principal and interest-$596
Loan amount$94,311
Down payment$23,578
Rate6.50%
Term30 years
-Operating costs-$414
Property taxes-$118
Insurance-$175
Utilities$0
HOA$0
Management-$121
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,644(83.3% ROI)
Projected value
$126,954
Return breakdown
Property appreciation+$9,065
Loan principal paid down+$3,379
Rental cash flow+$7,200
5-year hold
+$33,517(142.2% ROI)
Projected value
$133,381
Return breakdown
Property appreciation+$15,492
Loan principal paid down+$6,026
Rental cash flow+$12,000
10-year hold
+$71,377(302.7% ROI)
Projected value
$150,908
Return breakdown
Property appreciation+$33,019
Loan principal paid down+$14,358
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
--
Mortgage rate
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Wolverton, MN fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Wolverton, MN is $1,210 a month. That is up 7.1% from $1,130 in FY 2026. Wolverton is in the Fargo, ND-MN 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 $1,104. The median county two-bedroom FMR in Minnesota is $1,048, so Wolverton is 15% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Wolverton, MN
BedroomsFY 2027Change90–110% range
Studio$880+8.6%$792–$968
1BR$970+7.8%$873–$1,067
2BR$1,210+7.1%$1,089–$1,331
3BR$1,690+8.3%$1,521–$1,859
4BR$2,000+8.1%$1,800–$2,200

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Wolverton, MN
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$880$970$1,210$1,690$2,000
FY 2026$810$900$1,130$1,560$1,850
FY 2025$770$860$1,090$1,530$1,800
FY 2024$680$810$980$1,380$1,660
FY 2023$650$770$940$1,340$1,600

Questions about Wolverton, MN rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,104, which applies unless the housing authority uses Small Area FMRs, that basic range is $994 to $1,214 a month; under the ZIP-level Small Area FMR of $1,210 it would be $1,089 to $1,331. 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 Wolverton, MN in?

Wolverton, MN is in the Fargo, ND-MN MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,104.

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

The two-bedroom FMR rose 7.1%, from $1,130 in FY 2026 to $1,210 in FY 2027. Since FY 2023 it has risen 28.7%.

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