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Ramsey County/Saint Paul/55104

55104

ZIPSAFMR
Ramsey County, MN
Zillow

ZIP Investment Score

94Below average

095130300
BRFMR
Eff. Rent
0 BR$1,160$990
1 BR$1,310$1,300
2 BR$1,590$1,670
3 BR$2,080$2,110
4 BR$2,330$2,560
5 BR$2,680Not available
6 BR$3,081Not available
7 BR$3,544Not available
8 BR$4,075Not available

Purchase Price Calculator

Maximum purchase price
$186,245

Cost breakdown

+Likely effective rent$1,670
HUD FMR$1,590
Market rent$1,720
Est. payment standard (105%)Used$1,670
-Principal and interest-$942
Loan amount$148,996
Down payment$37,249
Rate6.50%
Term30 years
-Operating costs-$528
Property taxes-$186
Insurance-$175
Utilities$0
HOA$0
Management-$167
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,859(72.1% ROI)
Projected value
$200,565
Return breakdown
Property appreciation+$14,320
Loan principal paid down+$5,338
Rental cash flow+$7,200
5-year hold
+$45,993(123.5% ROI)
Projected value
$210,719
Return breakdown
Property appreciation+$24,474
Loan principal paid down+$9,519
Rental cash flow+$12,000
10-year hold
+$98,847(265.4% ROI)
Projected value
$238,409
Return breakdown
Property appreciation+$52,164
Loan principal paid down+$22,683
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.17
1 BR
1.01
2 BR
0.92
3 BR
0.98
4 BR
0.85
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 55104 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 55104 (Saint Paul, MN) is $1,590 a month. That is up 3.9% from $1,530 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, 55104 has the 23rd-highest two-bedroom rent (county range $1,540–$2,220). The median county two-bedroom FMR in Minnesota is $1,048, so ZIP 55104 is 52% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 55104
BedroomsFY 2027Change90–110% range
Studio$1,160+4.5%$1,044–$1,276
1BR$1,310+4.0%$1,179–$1,441
2BR$1,590+3.9%$1,431–$1,749
3BR$2,080+3.0%$1,872–$2,288
4BR$2,330+2.6%$2,097–$2,563

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 55104
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,160$1,310$1,590$2,080$2,330
FY 2026$1,110$1,260$1,530$2,020$2,270
FY 2025$1,060$1,200$1,470$1,970$2,240
FY 2024$1,060$1,200$1,470$1,980$2,250
FY 2023$940$1,070$1,310$1,780$2,050

Two-bedroom rent in nearby Ramsey County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 55104
55101$1,980+24.5%
55102$1,740+9.4%
55103$1,540−3.1%
55104Current$1,590—
55105$1,660+4.4%
55106$1,540−3.1%
55107$1,670+5.0%
55108$1,730+8.8%
55109$1,640+3.1%
55110$1,830+15.1%
55112$1,630+2.5%
55113$1,760+10.7%

Questions about ZIP 55104 rents

How much will Section 8 pay for a two-bedroom in ZIP 55104?

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 $1,590 it would be $1,431 to $1,749. 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 55104 in?

ZIP 55104 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 55104 for FY 2027?

The two-bedroom FMR rose 3.9%, from $1,530 in FY 2026 to $1,590 in FY 2027. Since FY 2023 it has risen 21.4%.

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