St. Croix County/Baldwin/54002

54002

ZIPSAFMR

St. Croix County, WI

View on ZillowZillow

ZIP Investment Score

61Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,120	$1,160	3.8%
1 BR	$1,270	$1,300	4.0%
2 BR	$1,540	$1,380	3.7%
3 BR	$2,040	$1,570	3.1%
4 BR	$2,280	$1,520	2.6%
5 BR	$2,622	Not available	2.6%
6 BR	$3,015	Not available	2.6%
7 BR	$3,468	Not available	2.6%
8 BR	$3,988	Not available	2.6%

Purchase Price Calculator

Maximum purchase price

$143,151

Cost breakdown

+Likely effective rent$1,380

HUD FMR$1,540

Market rentUsed$1,380

Est. payment standard (93%)$1,440

-Principal and interest-$724

Loan amount$114,521

Down payment$28,630

Rate6.50%

Term30 years

-Operating costs-$456

Property taxes-$143

Insurance-$175

Utilities$0

HOA$0

Management-$138

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$22,310(77.9% ROI)

Projected value

$154,158

Return breakdown

Property appreciation+$11,007

Loan principal paid down+$4,103

Rental cash flow+$7,200

5-year hold

+$38,128(133.2% ROI)

Projected value

$161,962

Return breakdown

Property appreciation+$18,811

Loan principal paid down+$7,317

Rental cash flow+$12,000

10-year hold

+$81,529(284.8% ROI)

Projected value

$183,245

Return breakdown

Property appreciation+$40,094

Loan principal paid down+$17,434

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.95ratio

FMR$1,120

Market$1,180

vs market-$60

FMR is near market; voucher and private rents are aligned.

0.95

1 BR

0.96ratio

FMR$1,270

Market$1,320

vs market-$50

FMR is near market; voucher and private rents are aligned.

0.96

2 BR

1.12ratio

FMR$1,540

Market$1,380

vs market+$160

FMR is above market; underwrite to market rent.

1.12

3 BR

1.30ratio

FMR$2,040

Market$1,570

vs market+$470

FMR is above market; underwrite to market rent.

1.30

4 BR

1.50ratio

FMR$2,280

Market$1,520

vs market+$760

FMR is above market; underwrite to market rent.

1.50

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 54002 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 54002 (Baldwin, WI) is $1,540 a month. That is up 1.3% from $1,520 in FY 2026. Baldwin 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. Among 19 ZIP codes in St. Croix County, 54002 is tied for the 4th-highest two-bedroom rent (county range $1,540–$1,920). The median county two-bedroom FMR in Wisconsin is $1,041, so ZIP 54002 is 48% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 54002
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,100	$1,120	+1.8%	$1,008–$1,232
1BR	$1,250	$1,270	+1.6%	$1,143–$1,397
2BR	$1,520	$1,540	+1.3%	$1,386–$1,694
3BR	$2,020	$2,040	+1.0%	$1,836–$2,244
4BR	$2,270	$2,280	+0.4%	$2,052–$2,508

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 54002
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,120	$1,270	$1,540	$2,040	$2,280
FY 2026	$1,100	$1,250	$1,520	$2,020	$2,270
FY 2025	$1,060	$1,200	$1,460	$1,970	$2,240
FY 2024	$1,000	$1,130	$1,380	$1,860	$2,110
FY 2023	$860	$990	$1,210	$1,660	$1,940

Two-bedroom rent in nearby St. Croix County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 54002
54002Current	$1,540	—
54005	$1,540	0.0%
54007	$1,540	0.0%
54013	$1,540	0.0%
54015	$1,540	0.0%
54016	$1,690	+9.7%
54017	$1,540	0.0%
54020	$1,540	0.0%
54022	$1,540	0.0%
54023	$1,920	+24.7%
54025	$1,540	0.0%
54026	$1,540	0.0%

Questions about ZIP 54002 rents

How much will Section 8 pay for a two-bedroom in ZIP 54002?

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 $1,540 it would be $1,386 to $1,694. 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 54002 in?

ZIP 54002 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 ZIP 54002 for FY 2027?

The two-bedroom FMR rose 1.3%, from $1,520 in FY 2026 to $1,540 in FY 2027. Since FY 2023 it has risen 27.3%.

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 rent Baldwin, WI fair market rent WI statewide rents What is SAFMR?Data sources