55347
ZIPSAFMR
Hennepin County, MN
BRFMR
Eff. Rent
0 BR$1,720$1,400
1 BR$1,950$1,540
2 BR$2,370$1,760
3 BR$3,140$2,370
4 BR$3,510$3,130
5 BR$4,036
6 BR$4,642
7 BR$5,338
8 BR$6,139

Purchase Price Calculator

Maximum purchase price
$199,619

Cost breakdown

+Likely effective rent$1,760
HUD FMR$2,370
Market rentUsed$1,760
Est. payment standard (90%)$2,130
Market rent is below the inferred standard ($2,130, 90% of FMR).
-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
Current value$199,619
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
Current value$199,619
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
Current value$199,619
Return breakdown
Property appreciation+$55,910
Loan principal paid down+$24,312
Rental cash flow+$24,000

Upgrade to access AI-powered research tools

Upgrade

Rolodex

Upgrade to access AI-powered research tools

Upgrade

Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.23ratio
FMR$1,720
Market$1,400
vs market+$320

FMR is above market; underwrite to market rent.

90% standard$1,548 / 1.11 ratio110% standard$1,892 / 1.35 ratio
1.23
1 BR
1 BR
1.27ratio
FMR$1,950
Market$1,540
vs market+$410

FMR is above market; underwrite to market rent.

90% standard$1,755 / 1.14 ratio110% standard$2,145 / 1.39 ratio
1.27
2 BR
2 BR
1.35ratio
FMR$2,370
Market$1,760
vs market+$610

FMR is above market; underwrite to market rent.

90% standard$2,133 / 1.21 ratio110% standard$2,607 / 1.48 ratio
1.35
3 BR
3 BR
1.32ratio
FMR$3,140
Market$2,370
vs market+$770

FMR is above market; underwrite to market rent.

90% standard$2,826 / 1.19 ratio110% standard$3,454 / 1.46 ratio
1.32
4 BR
4 BR
1.12ratio
FMR$3,510
Market$3,130
vs market+$380

FMR is above market; underwrite to market rent.

90% standard$3,159 / 1.01 ratio110% standard$3,861 / 1.23 ratio
1.12
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents across all bedroom sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 55347 (MN) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

55347 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 55347 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,370 and the 4 bedroom fair market rent is $3,510.

Use this page for searches like 55347 FMR, 55347 fair market rent, and 55347 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 55347
Bedroom sizeHUD FMR
Studio$1,720
1 bedroom$1,950
2 bedroom$2,370
3 bedroom$3,140
4 bedroom$3,510