55361
ZIPSAFMR
Hennepin County, MN
BRFMR
Eff. Rent
0 BR$1,290$1,390
1 BR$1,450$1,600
2 BR$1,770$1,950
3 BR$2,340$2,480
4 BR$2,620$2,880
5 BR$3,013
6 BR$3,465
7 BR$3,985
8 BR$4,582

Purchase Price Calculator

Maximum purchase price
$227,853

Cost breakdown

+Likely effective rent$1,950
HUD FMR$1,770
Market rent$2,100
Est. payment standard (110%)Used$1,950
Estimated payment standard is $1,950 (110% of FMR).
-Principal and interest-$1,152
Loan amount$182,282
Down payment$45,571
Rate6.50%
Term30 years
-Operating costs-$598
Property taxes-$228
Insurance-$175
Utilities$0
HOA$0
Management-$195
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,250(68.6% ROI)
Projected value
$245,372
Current value$227,853
Return breakdown
Property appreciation+$17,520
Loan principal paid down+$6,531
Rental cash flow+$7,200
5-year hold
+$53,588(117.6% ROI)
Projected value
$257,794
Current value$227,853
Return breakdown
Property appreciation+$29,942
Loan principal paid down+$11,646
Rental cash flow+$12,000
10-year hold
+$115,568(253.6% ROI)
Projected value
$291,671
Current value$227,853
Return breakdown
Property appreciation+$63,818
Loan principal paid down+$27,750
Rental cash flow+$24,000

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Market Alignment

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

Studio
Studio
0.90ratio
FMR$1,290
Market$1,440
vs market-$150

FMR is below market; voucher rent may lag private rents.

90% standard$1,161 / 0.81 ratio110% standard$1,419 / 0.99 ratio
0.90
1 BR
1 BR
0.83ratio
FMR$1,450
Market$1,740
vs market-$290

FMR is below market; voucher rent may lag private rents.

90% standard$1,305 / 0.75 ratio110% standard$1,595 / 0.92 ratio
0.83
2 BR
2 BR
0.84ratio
FMR$1,770
Market$2,100
vs market-$330

FMR is below market; voucher rent may lag private rents.

90% standard$1,593 / 0.76 ratio110% standard$1,947 / 0.93 ratio
0.84
3 BR
3 BR
0.91ratio
FMR$2,340
Market$2,560
vs market-$220

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

90% standard$2,106 / 0.82 ratio110% standard$2,574 / 1.01 ratio
0.91
4 BR
4 BR
0.83ratio
FMR$2,620
Market$3,150
vs market-$530

FMR is below market; voucher rent may lag private rents.

90% standard$2,358 / 0.75 ratio110% standard$2,882 / 0.91 ratio
0.83
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit 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 55361 (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.

55361 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 55361 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,770 and the 4 bedroom fair market rent is $2,620.

Use this page for searches like 55361 FMR, 55361 fair market rent, and 55361 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 55361
Bedroom sizeHUD FMR
Studio$1,290
1 bedroom$1,450
2 bedroom$1,770
3 bedroom$2,340
4 bedroom$2,620