Hennepin County/Saint Paul/55107

55107

ZIPSAFMR

Hennepin County, MN

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ZIP Investment Score

104Above average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,220	$1,140	4.5%
1 BR	$1,370	$1,370	4.2%
2 BR	$1,670	$1,790	4.1%
3 BR	$2,180	$2,050	2.9%
4 BR	$2,440	$2,290	2.6%
5 BR	$2,806	Not available	2.6%
6 BR	$3,227	Not available	2.6%
7 BR	$3,711	Not available	2.6%
8 BR	$4,268	Not available	2.6%

Purchase Price Calculator

Maximum purchase price

$204,077

Cost breakdown

+Likely effective rent$1,790

HUD FMR$1,670

Market rent$1,850

Est. payment standard (107%)Used$1,790

-Principal and interest-$1,032

Loan amount$163,261

Down payment$40,815

Rate6.50%

Term30 years

-Operating costs-$558

Property taxes-$204

Insurance-$175

Utilities$0

HOA$0

Management-$179

=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

+$28,741(70.4% ROI)

Projected value

$219,768

Return breakdown

Property appreciation+$15,692

Loan principal paid down+$5,849

Rental cash flow+$7,200

5-year hold

+$49,248(120.7% ROI)

Projected value

$230,894

Return breakdown

Property appreciation+$26,817

Loan principal paid down+$10,431

Rental cash flow+$12,000

10-year hold

+$106,013(259.7% ROI)

Projected value

$261,236

Return breakdown

Property appreciation+$57,159

Loan principal paid down+$24,855

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.07ratio

FMR$1,220

Market$1,140

vs market+$80

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

1.07

1 BR

1.00ratio

FMR$1,370

Market$1,370

vs market+$0

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

1.00

2 BR

0.90ratio

FMR$1,670

Market$1,850

vs market-$180

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

0.90

3 BR

1.06ratio

FMR$2,180

Market$2,050

vs market+$130

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

1.06

4 BR

1.07ratio

FMR$2,440

Market$2,290

vs market+$150

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

1.07

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 55107 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 55107 (Saint Paul, MN) is $1,670 a month. That is up 4.4% from $1,600 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 83 ZIP codes in Hennepin County, 55107 is tied for the 57th-highest two-bedroom rent (county range $1,540–$2,600). The median county two-bedroom FMR in Minnesota is $1,048, so ZIP 55107 is 59% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 55107
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,160	$1,220	+5.2%	$1,098–$1,342
1BR	$1,320	$1,370	+3.8%	$1,233–$1,507
2BR	$1,600	$1,670	+4.4%	$1,503–$1,837
3BR	$2,120	$2,180	+2.8%	$1,962–$2,398
4BR	$2,370	$2,440	+3.0%	$2,196–$2,684

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 55107
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,220	$1,370	$1,670	$2,180	$2,440
FY 2026	$1,160	$1,320	$1,600	$2,120	$2,370
FY 2025	$1,110	$1,250	$1,530	$2,040	$2,280
FY 2024	$1,070	$1,210	$1,480	$2,000	$2,260
FY 2023	$930	$1,060	$1,300	$1,770	$2,040

Two-bedroom rent in nearby Hennepin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 55107
55107Current	$1,670	—
55111	$1,540	−7.8%
55113	$1,760	+5.4%
55305	$2,130	+27.5%
55311	$2,240	+34.1%
55316	$1,950	+16.8%
55317	$2,140	+28.1%
55323	$1,790	+7.2%
55327	$1,560	−6.6%
55328	$1,540	−7.8%
55331	$1,540	−7.8%
55340	$1,880	+12.6%

Questions about ZIP 55107 rents

How much will Section 8 pay for a two-bedroom in ZIP 55107?

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 $1,670 it would be $1,503 to $1,837. 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 55107 in?

ZIP 55107 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 55107 for FY 2027?

The two-bedroom FMR rose 4.4%, from $1,600 in FY 2026 to $1,670 in FY 2027. Since FY 2023 it has risen 28.5%.

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 Saint Paul, MN fair market rent MN statewide rents What is SAFMR?Data sources