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Hennepin County/Minneapolis/55441

55441

ZIPSAFMR
Hennepin County, MN
Zillow

ZIP Investment Score

66Below average

095130300
BRFMR
Eff. Rent
0 BR$1,380$1,340
1 BR$1,560$1,350
2 BR$1,890$1,910
3 BR$2,470$2,250
4 BR$2,770$2,770
5 BR$3,185Not available
6 BR$3,663Not available
7 BR$4,213Not available
8 BR$4,845Not available

Purchase Price Calculator

Maximum purchase price
$221,909

Cost breakdown

+Likely effective rent$1,910
HUD FMR$1,890
Market rent$1,920
Est. payment standard (101%)Used$1,910
-Principal and interest-$1,122
Loan amount$177,527
Down payment$44,382
Rate6.50%
Term30 years
-Operating costs-$588
Property taxes-$222
Insurance-$175
Utilities$0
HOA$0
Management-$191
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,623(69.0% ROI)
Projected value
$238,971
Return breakdown
Property appreciation+$17,063
Loan principal paid down+$6,360
Rental cash flow+$7,200
5-year hold
+$52,503(118.3% ROI)
Projected value
$251,069
Return breakdown
Property appreciation+$29,161
Loan principal paid down+$11,342
Rental cash flow+$12,000
10-year hold
+$113,180(255.0% ROI)
Projected value
$284,062
Return breakdown
Property appreciation+$62,153
Loan principal paid down+$27,026
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.03
1 BR
1.16
2 BR
0.98
3 BR
1.10
4 BR
1.00
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 55441 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 55441 (Minneapolis, MN) is $1,890 a month. That is up 1.6% from $1,860 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, 55441 is tied for the 30th-highest two-bedroom rent (county range $1,540–$2,600). The median county two-bedroom FMR in Minnesota is $1,048, so ZIP 55441 is 80% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 55441
BedroomsFY 2027Change90–110% range
Studio$1,380+2.2%$1,242–$1,518
1BR$1,560+2.0%$1,404–$1,716
2BR$1,890+1.6%$1,701–$2,079
3BR$2,470+0.4%$2,223–$2,717
4BR$2,770+0.7%$2,493–$3,047

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 55441
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,380$1,560$1,890$2,470$2,770
FY 2026$1,350$1,530$1,860$2,460$2,750
FY 2025$1,310$1,480$1,810$2,410$2,700
FY 2024$1,260$1,420$1,740$2,350$2,660
FY 2023$1,070$1,220$1,500$2,040$2,350

Two-bedroom rent in nearby Hennepin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 55441
55435$2,130+12.7%
55436$2,180+15.3%
55437$1,940+2.6%
55438$1,870−1.1%
55439$1,990+5.3%
55440$1,790−5.3%
55441Current$1,890—
55442$2,200+16.4%
55443$1,570−16.9%
55444$1,740−7.9%
55445$2,500+32.3%
55446$2,290+21.2%

Questions about ZIP 55441 rents

How much will Section 8 pay for a two-bedroom in ZIP 55441?

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 $1,890 it would be $1,701 to $2,079. 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 55441 in?

ZIP 55441 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 55441 for FY 2027?

The two-bedroom FMR rose 1.6%, from $1,860 in FY 2026 to $1,890 in FY 2027. Since FY 2023 it has risen 26.0%.

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