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Washington County/Saint Paul Park/55071

55071

ZIPSAFMR
Washington County, MN
Zillow

ZIP Investment Score

96Above average

095130300
BRFMR
Eff. Rent
0 BR$1,790$1,030
1 BR$2,020$1,140
2 BR$2,450$1,830
3 BR$3,200$2,230
4 BR$3,590$2,770
5 BR$4,129Not available
6 BR$4,748Not available
7 BR$5,460Not available
8 BR$6,279Not available

Purchase Price Calculator

Maximum purchase price
$210,021

Cost breakdown

+Likely effective rent$1,830
HUD FMR$2,450
Market rentUsed$1,830
Est. payment standard (90%)$2,210
-Principal and interest-$1,062
Loan amount$168,017
Down payment$42,004
Rate6.50%
Term30 years
-Operating costs-$568
Property taxes-$210
Insurance-$175
Utilities$0
HOA$0
Management-$183
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,368(69.9% ROI)
Projected value
$226,169
Return breakdown
Property appreciation+$16,149
Loan principal paid down+$6,020
Rental cash flow+$7,200
5-year hold
+$50,333(119.8% ROI)
Projected value
$237,619
Return breakdown
Property appreciation+$27,598
Loan principal paid down+$10,735
Rental cash flow+$12,000
10-year hold
+$108,402(258.1% ROI)
Projected value
$268,844
Return breakdown
Property appreciation+$58,824
Loan principal paid down+$25,579
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.74
1 BR
1.77
2 BR
1.34
3 BR
1.43
4 BR
1.30
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 55071 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 55071 (Saint Paul Park, MN) is $2,450 a month. That is up 5.2% from $2,330 in FY 2026. Saint Paul Park 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 23 ZIP codes in Washington County, 55071 has the 2nd-highest two-bedroom rent (county range $1,540–$2,600). The median county two-bedroom FMR in Minnesota is $1,048, so ZIP 55071 is 134% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 55071
BedroomsFY 2027Change90–110% range
Studio$1,790+5.9%$1,611–$1,969
1BR$2,020+5.2%$1,818–$2,222
2BR$2,450+5.2%$2,205–$2,695
3BR$3,200+3.9%$2,880–$3,520
4BR$3,590+4.1%$3,231–$3,949

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 55071
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,790$2,020$2,450$3,200$3,590
FY 2026$1,690$1,920$2,330$3,080$3,450
FY 2025$1,590$1,800$2,200$2,930$3,280
FY 2024$1,380$1,560$1,910$2,580$2,920
FY 2023$990$1,130$1,390$1,890$2,180

Two-bedroom rent in nearby Washington County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 55071
55033$1,540−37.1%
55038$2,140−12.7%
55042$1,810−26.1%
55043$1,880−23.3%
55047$2,600+6.1%
55055$1,540−37.1%
55071Current$2,450—
55073$1,540−37.1%
55082$1,700−30.6%
55083$2,010−18.0%
55090$2,070−15.5%
55109$1,640−33.1%

Questions about ZIP 55071 rents

How much will Section 8 pay for a two-bedroom in ZIP 55071?

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 $2,450 it would be $2,205 to $2,695. 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 55071 in?

ZIP 55071 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 55071 for FY 2027?

The two-bedroom FMR rose 5.2%, from $2,330 in FY 2026 to $2,450 in FY 2027. Since FY 2023 it has risen 76.3%.

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 rentSaint Paul Park, MN fair market rentMN statewide rentsWhat is SAFMR?Data sources