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Hennepin County/Minneapolis/55435

55435

ZIPSAFMR
Hennepin County, MN
Zillow

ZIP Investment Score

49Below average

095130300
BRFMR
Eff. Rent
0 BR$1,550$1,530
1 BR$1,750$1,520
2 BR$2,130$2,100
3 BR$2,780$2,430
4 BR$3,120$2,950
5 BR$3,588Not available
6 BR$4,126Not available
7 BR$4,745Not available
8 BR$5,457Not available

Purchase Price Calculator

Maximum purchase price
$250,143

Cost breakdown

+Likely effective rent$2,100
HUD FMR$2,130
Market rentUsed$2,100
Est. payment standard (99%)$2,110
-Principal and interest-$1,265
Loan amount$200,114
Down payment$50,029
Rate6.50%
Term30 years
-Operating costs-$635
Property taxes-$250
Insurance-$175
Utilities$0
HOA$0
Management-$210
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,603(67.2% ROI)
Projected value
$269,376
Return breakdown
Property appreciation+$19,234
Loan principal paid down+$7,170
Rental cash flow+$7,200
5-year hold
+$57,656(115.2% ROI)
Projected value
$283,013
Return breakdown
Property appreciation+$32,871
Loan principal paid down+$12,785
Rental cash flow+$12,000
10-year hold
+$124,526(248.9% ROI)
Projected value
$320,204
Return breakdown
Property appreciation+$70,061
Loan principal paid down+$30,465
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.01
1 BR
1.15
2 BR
1.01
3 BR
1.14
4 BR
1.06
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 55435 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 55435 (Minneapolis, MN) is $2,130 a month. That is up 0.9% from $2,110 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, 55435 is tied for the 15th-highest two-bedroom rent (county range $1,540–$2,600). The median county two-bedroom FMR in Minnesota is $1,048, so ZIP 55435 is 103% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 55435
BedroomsFY 2027Change90–110% range
Studio$1,550+1.3%$1,395–$1,705
1BR$1,750+1.2%$1,575–$1,925
2BR$2,130+0.9%$1,917–$2,343
3BR$2,780−0.4%$2,502–$3,058
4BR$3,1200.0%$2,808–$3,432

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 55435
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,550$1,750$2,130$2,780$3,120
FY 2026$1,530$1,730$2,110$2,790$3,120
FY 2025$1,530$1,730$2,110$2,810$3,150
FY 2024$1,480$1,670$2,040$2,750$3,120
FY 2023$1,280$1,460$1,790$2,430$2,800

Two-bedroom rent in nearby Hennepin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 55435
55428$1,580−25.8%
55429$1,540−27.7%
55430$1,660−22.1%
55431$2,090−1.9%
55435Current$2,130—
55436$2,180+2.3%
55437$1,940−8.9%
55438$1,870−12.2%
55439$1,990−6.6%
55440$1,790−16.0%
55441$1,890−11.3%
55442$2,200+3.3%

Questions about ZIP 55435 rents

How much will Section 8 pay for a two-bedroom in ZIP 55435?

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 $2,130 it would be $1,917 to $2,343. 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 55435 in?

ZIP 55435 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 55435 for FY 2027?

The two-bedroom FMR rose 0.9%, from $2,110 in FY 2026 to $2,130 in FY 2027. Since FY 2023 it has risen 19.0%.

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