Skip to main content
Loading page
Hennepin County/Minneapolis/55426

55426

ZIPSAFMR
Hennepin County, MN
Zillow

ZIP Investment Score

82Below average

095130300
BRFMR
Eff. Rent
0 BR$1,340$1,120
1 BR$1,510$1,520
2 BR$1,830$2,010
3 BR$2,390$2,330
4 BR$2,680$2,700
5 BR$3,082Not available
6 BR$3,544Not available
7 BR$4,076Not available
8 BR$4,687Not available

Purchase Price Calculator

Maximum purchase price
$236,769

Cost breakdown

+Likely effective rent$2,010
HUD FMR$1,830
Market rent$2,160
Est. payment standard (110%)Used$2,010
-Principal and interest-$1,197
Loan amount$189,415
Down payment$47,354
Rate6.50%
Term30 years
-Operating costs-$613
Property taxes-$237
Insurance-$175
Utilities$0
HOA$0
Management-$201
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,192(68.0% ROI)
Projected value
$254,974
Return breakdown
Property appreciation+$18,205
Loan principal paid down+$6,786
Rental cash flow+$7,200
5-year hold
+$55,215(116.6% ROI)
Projected value
$267,882
Return breakdown
Property appreciation+$31,113
Loan principal paid down+$12,102
Rental cash flow+$12,000
10-year hold
+$119,152(251.6% ROI)
Projected value
$303,084
Return breakdown
Property appreciation+$66,315
Loan principal paid down+$28,836
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.20
1 BR
0.99
2 BR
0.85
3 BR
1.03
4 BR
0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 55426 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 55426 (Minneapolis, MN) is $1,830 a month. That is up 2.8% from $1,780 in FY 2026. Minneapolis 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, 55426 has the 38th-highest two-bedroom rent (county range $1,540–$2,600). The median county two-bedroom FMR in Minnesota is $1,048, so ZIP 55426 is 75% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 55426
BedroomsFY 2027Change90–110% range
Studio$1,340+3.9%$1,206–$1,474
1BR$1,510+3.4%$1,359–$1,661
2BR$1,830+2.8%$1,647–$2,013
3BR$2,390+1.3%$2,151–$2,629
4BR$2,680+1.5%$2,412–$2,948

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 55426
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,340$1,510$1,830$2,390$2,680
FY 2026$1,290$1,460$1,780$2,360$2,640
FY 2025$1,270$1,430$1,750$2,330$2,610
FY 2024$1,270$1,440$1,760$2,370$2,690
FY 2023$1,100$1,260$1,540$2,090$2,410

Two-bedroom rent in nearby Hennepin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 55426
55420$1,590−13.1%
55421$1,610−12.0%
55422$1,890+3.3%
55423$1,740−4.9%
55424$2,290+25.1%
55425$1,840+0.5%
55426Current$1,830—
55427$1,780−2.7%
55428$1,580−13.7%
55429$1,540−15.8%
55430$1,660−9.3%
55431$2,090+14.2%

Questions about ZIP 55426 rents

How much will Section 8 pay for a two-bedroom in ZIP 55426?

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 $1,830 it would be $1,647 to $2,013. 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 55426 in?

ZIP 55426 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 55426 for FY 2027?

The two-bedroom FMR rose 2.8%, from $1,780 in FY 2026 to $1,830 in FY 2027. Since FY 2023 it has risen 18.8%.

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