55429
ZIPSAFMR
Hennepin County, MN
BRFMR
Eff. Rent
0 BR$1,130$1,210
1 BR$1,270$1,300
2 BR$1,550$1,600
3 BR$2,050$2,170
4 BR$2,300$2,490
5 BR$2,645
6 BR$3,042
7 BR$3,498
8 BR$4,023

Purchase Price Calculator

Maximum purchase price
$175,843

Cost breakdown

+Likely effective rent$1,600
HUD FMR$1,550
Market rent$1,630
Est. payment standard (103%)Used$1,600
Estimated payment standard is $1,600 (103% of FMR).
-Principal and interest-$889
Loan amount$140,674
Down payment$35,169
Rate6.50%
Term30 years
-Operating costs-$511
Property taxes-$176
Insurance-$175
Utilities$0
HOA$0
Management-$160
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,761(73.2% ROI)
Projected value
$189,364
Current value$175,843
Return breakdown
Property appreciation+$13,521
Loan principal paid down+$5,040
Rental cash flow+$7,200
5-year hold
+$44,095(125.4% ROI)
Projected value
$198,950
Current value$175,843
Return breakdown
Property appreciation+$23,107
Loan principal paid down+$8,988
Rental cash flow+$12,000
10-year hold
+$94,667(269.2% ROI)
Projected value
$225,094
Current value$175,843
Return breakdown
Property appreciation+$49,251
Loan principal paid down+$21,416
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$1,130
Market$1,260
vs market-$130

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

90% standard$1,017 / 0.81 ratio110% standard$1,243 / 0.99 ratio
0.90
1 BR
1 BR
0.96ratio
FMR$1,270
Market$1,320
vs market-$50

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

90% standard$1,143 / 0.87 ratio110% standard$1,397 / 1.06 ratio
0.96
2 BR
2 BR
0.95ratio
FMR$1,550
Market$1,630
vs market-$80

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

90% standard$1,395 / 0.86 ratio110% standard$1,705 / 1.05 ratio
0.95
3 BR
3 BR
0.92ratio
FMR$2,050
Market$2,240
vs market-$190

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

90% standard$1,845 / 0.82 ratio110% standard$2,255 / 1.01 ratio
0.92
4 BR
4 BR
0.88ratio
FMR$2,300
Market$2,600
vs market-$300

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

90% standard$2,070 / 0.80 ratio110% standard$2,530 / 0.97 ratio
0.88
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 55429 (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.

55429 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 55429 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,550 and the 4 bedroom fair market rent is $2,300.

Use this page for searches like 55429 FMR, 55429 fair market rent, and 55429 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 55429
Bedroom sizeHUD FMR
Studio$1,130
1 bedroom$1,270
2 bedroom$1,550
3 bedroom$2,050
4 bedroom$2,300