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Ramsey County/Saint Paul/55102

55102

ZIPSAFMR
Ramsey County, MN
Zillow

ZIP Investment Score

93Below average

095130300
BRFMR
Eff. Rent
0 BR$1,270$1,160
1 BR$1,430$1,460
2 BR$1,740$1,910
3 BR$2,270$2,220
4 BR$2,550$2,460
5 BR$2,933Not available
6 BR$3,372Not available
7 BR$3,878Not available
8 BR$4,460Not available

Purchase Price Calculator

Maximum purchase price
$221,909

Cost breakdown

+Likely effective rent$1,910
HUD FMR$1,740
Market rent$2,020
Est. payment standard (110%)Used$1,910
-Principal and interest-$1,122
Loan amount$177,527
Down payment$44,382
Rate6.50%
Term30 years
-Operating costs-$588
Property taxes-$222
Insurance-$175
Utilities$0
HOA$0
Management-$191
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,623(69.0% ROI)
Projected value
$238,971
Return breakdown
Property appreciation+$17,063
Loan principal paid down+$6,360
Rental cash flow+$7,200
5-year hold
+$52,503(118.3% ROI)
Projected value
$251,069
Return breakdown
Property appreciation+$29,161
Loan principal paid down+$11,342
Rental cash flow+$12,000
10-year hold
+$113,180(255.0% ROI)
Projected value
$284,062
Return breakdown
Property appreciation+$62,153
Loan principal paid down+$27,026
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.09
1 BR
0.97
2 BR
0.86
3 BR
1.02
4 BR
1.04
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 55102 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 55102 (Saint Paul, MN) is $1,740 a month. That is down 1.7% from $1,770 in FY 2026. Saint Paul 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 28 ZIP codes in Ramsey County, 55102 has the 12th-highest two-bedroom rent (county range $1,540–$2,220). The median county two-bedroom FMR in Minnesota is $1,048, so ZIP 55102 is 66% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 55102
BedroomsFY 2027Change90–110% range
Studio$1,270−1.6%$1,143–$1,397
1BR$1,430−1.4%$1,287–$1,573
2BR$1,740−1.7%$1,566–$1,914
3BR$2,270−3.0%$2,043–$2,497
4BR$2,550−2.7%$2,295–$2,805

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 55102
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,270$1,430$1,740$2,270$2,550
FY 2026$1,290$1,450$1,770$2,340$2,620
FY 2025$1,280$1,450$1,770$2,360$2,640
FY 2024$1,260$1,420$1,740$2,350$2,660
FY 2023$1,070$1,220$1,500$2,040$2,350

Two-bedroom rent in nearby Ramsey County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 55102
55101$1,980+13.8%
55102Current$1,740—
55103$1,540−11.5%
55104$1,590−8.6%
55105$1,660−4.6%
55106$1,540−11.5%
55107$1,670−4.0%
55108$1,730−0.6%
55109$1,640−5.7%
55110$1,830+5.2%
55112$1,630−6.3%
55113$1,760+1.1%

Questions about ZIP 55102 rents

How much will Section 8 pay for a two-bedroom in ZIP 55102?

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 $1,740 it would be $1,566 to $1,914. 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 55102 in?

ZIP 55102 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 55102 for FY 2027?

The two-bedroom FMR fell 1.7%, from $1,770 in FY 2026 to $1,740 in FY 2027. Since FY 2023 it has risen 16.0%.

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

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