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Goodhue County/Frontenac/55026

55026

ZIPSAFMR
Goodhue County, MN
Zillow

ZIP Investment Score

99Above average

095130300
BRFMR
Eff. Rent
0 BR$1,230$1,230
1 BR$1,450$1,450
2 BR$1,760$1,760
3 BR$2,420$2,420
4 BR$2,940$2,940
5 BR$3,381Not available
6 BR$3,888Not available
7 BR$4,471Not available
8 BR$5,142Not available

Purchase Price Calculator

Maximum purchase price
$199,619

Cost breakdown

+Likely effective rent$1,760
HUD FMRUsed$1,760
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,009
Loan amount$159,695
Down payment$39,924
Rate6.50%
Term30 years
-Operating costs-$551
Property taxes-$200
Insurance-$175
Utilities$0
HOA$0
Management-$176
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,270(70.8% ROI)
Projected value
$214,968
Return breakdown
Property appreciation+$15,349
Loan principal paid down+$5,721
Rental cash flow+$7,200
5-year hold
+$48,434(121.3% ROI)
Projected value
$225,850
Return breakdown
Property appreciation+$26,232
Loan principal paid down+$10,203
Rental cash flow+$12,000
10-year hold
+$104,222(261.1% ROI)
Projected value
$255,529
Return breakdown
Property appreciation+$55,910
Loan principal paid down+$24,312
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
--
Tax rate
--
Mortgage rate
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ZIP 55026 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 55026 (Frontenac, MN) is $1,760 a month. That is up 7.3% from $1,640 in FY 2026. Frontenac is in the Goodhue County, MN non-metropolitan 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 county-wide two-bedroom FMR of $1,172. Among 17 ZIP codes in Goodhue County, 55026 has the 2nd-highest two-bedroom rent (county range $1,010–$1,910). The median county two-bedroom FMR in Minnesota is $1,048, so ZIP 55026 is 68% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 55026
BedroomsFY 2027Change90–110% range
Studio$1,230+8.8%$1,107–$1,353
1BR$1,450+7.4%$1,305–$1,595
2BR$1,760+7.3%$1,584–$1,936
3BR$2,420+6.1%$2,178–$2,662
4BR$2,940+6.9%$2,646–$3,234

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 55026
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,230$1,450$1,760$2,420$2,940
FY 2026$1,130$1,350$1,640$2,280$2,750
FY 2025$870$990$1,140$1,550$1,910
FY 2024area FMR$737$874$1,046$1,474$1,775
FY 2023area FMR$693$783$921$1,309$1,569

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Goodhue County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 55026
55009$1,540−12.5%
55018$1,650−6.2%
55026Current$1,760—
55027$1,310−25.6%
55033$1,540−12.5%
55041$1,180−33.0%
55053$1,580−10.2%
55057$1,540−12.5%
55065$1,910+8.5%
55066$1,210−31.2%
55089$1,730−1.7%
55946$1,270−27.8%

Questions about ZIP 55026 rents

How much will Section 8 pay for a two-bedroom in ZIP 55026?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,172, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,055 to $1,289 a month; under the ZIP-level Small Area FMR of $1,760 it would be $1,584 to $1,936. 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 55026 in?

ZIP 55026 is in the Goodhue County, MN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,172.

How much did fair market rent change in ZIP 55026 for FY 2027?

The two-bedroom FMR rose 7.3%, from $1,640 in FY 2026 to $1,760 in FY 2027. Since FY 2025 it has risen 54.4%.

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 rentFrontenac, MN fair market rentMN statewide rentsWhat is SAFMR?Data sources