55401
ZIPSAFMR
Hennepin County, MN
BRFMR
Eff. Rent
0 BR$1,860$1,630
1 BR$2,100$1,990
2 BR$2,560$2,820
3 BR$3,390$3,730
4 BR$3,790$3,860
5 BR$4,359
6 BR$5,012
7 BR$5,764
8 BR$6,629

Purchase Price Calculator

Maximum purchase price
$357,134

Cost breakdown

+Likely effective rent$2,820
HUD FMR$2,560
Market rent$3,190
Est. payment standard (110%)Used$2,820
Estimated payment standard is $2,820 (110% of FMR).
-Principal and interest-$1,806
Loan amount$285,707
Down payment$71,427
Rate6.50%
Term30 years
-Operating costs-$814
Property taxes-$357
Insurance-$175
Utilities$0
HOA$0
Management-$282
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$44,896(62.9% ROI)
Projected value
$384,595
Current value$357,134
Return breakdown
Property appreciation+$27,460
Loan principal paid down+$10,236
Rental cash flow+$7,200
5-year hold
+$77,184(108.1% ROI)
Projected value
$404,065
Current value$357,134
Return breakdown
Property appreciation+$46,930
Loan principal paid down+$18,254
Rental cash flow+$12,000
10-year hold
+$167,524(234.5% ROI)
Projected value
$457,162
Current value$357,134
Return breakdown
Property appreciation+$100,028
Loan principal paid down+$43,496
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
1.14ratio
FMR$1,860
Market$1,630
vs market+$230

FMR is above market; underwrite to market rent.

90% standard$1,674 / 1.03 ratio110% standard$2,046 / 1.26 ratio
1.14
1 BR
1 BR
1.06ratio
FMR$2,100
Market$1,990
vs market+$110

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

90% standard$1,890 / 0.95 ratio110% standard$2,310 / 1.16 ratio
1.06
2 BR
2 BR
0.80ratio
FMR$2,560
Market$3,190
vs market-$630

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

90% standard$2,304 / 0.72 ratio110% standard$2,816 / 0.88 ratio
0.80
3 BR
3 BR
0.79ratio
FMR$3,390
Market$4,270
vs market-$880

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

90% standard$3,051 / 0.71 ratio110% standard$3,729 / 0.87 ratio
0.79
4 BR
4 BR
0.97ratio
FMR$3,790
Market$3,890
vs market-$100

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

90% standard$3,411 / 0.88 ratio110% standard$4,169 / 1.07 ratio
0.97
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

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 55401 (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.

55401 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 55401 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,560 and the 4 bedroom fair market rent is $3,790.

Use this page for searches like 55401 FMR, 55401 fair market rent, and 55401 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 55401
Bedroom sizeHUD FMR
Studio$1,860
1 bedroom$2,100
2 bedroom$2,560
3 bedroom$3,390
4 bedroom$3,790