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Hennepin County/Minneapolis/55446

55446

ZIPSAFMR
Hennepin County, MN
Zillow

ZIP Investment Score

77Below average

095130300
BRFMR
Eff. Rent
0 BR$1,670$1,630
1 BR$1,880$1,750
2 BR$2,290$2,030
3 BR$2,990$2,670
4 BR$3,350$3,030
5 BR$3,852Not available
6 BR$4,430Not available
7 BR$5,095Not available
8 BR$5,859Not available

Purchase Price Calculator

Maximum purchase price
$239,741

Cost breakdown

+Likely effective rent$2,030
HUD FMR$2,290
Market rentUsed$2,030
Est. payment standard (93%)$2,120
-Principal and interest-$1,212
Loan amount$191,793
Down payment$47,948
Rate6.50%
Term30 years
-Operating costs-$618
Property taxes-$240
Insurance-$175
Utilities$0
HOA$0
Management-$203
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,505(67.8% ROI)
Projected value
$258,174
Return breakdown
Property appreciation+$18,434
Loan principal paid down+$6,871
Rental cash flow+$7,200
5-year hold
+$55,758(116.3% ROI)
Projected value
$271,245
Return breakdown
Property appreciation+$31,504
Loan principal paid down+$12,254
Rental cash flow+$12,000
10-year hold
+$120,346(251.0% ROI)
Projected value
$306,888
Return breakdown
Property appreciation+$67,148
Loan principal paid down+$29,198
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.02
1 BR
1.07
2 BR
1.13
3 BR
1.12
4 BR
1.11
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 55446 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 55446 (Minneapolis, MN) is $2,290 a month. That is up 2.2% from $2,240 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, 55446 is tied for the 5th-highest two-bedroom rent (county range $1,540–$2,600). The median county two-bedroom FMR in Minnesota is $1,048, so ZIP 55446 is 119% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 55446
BedroomsFY 2027Change90–110% range
Studio$1,670+2.5%$1,503–$1,837
1BR$1,880+2.2%$1,692–$2,068
2BR$2,290+2.2%$2,061–$2,519
3BR$2,990+1.0%$2,691–$3,289
4BR$3,350+0.9%$3,015–$3,685

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 55446
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,670$1,880$2,290$2,990$3,350
FY 2026$1,630$1,840$2,240$2,960$3,320
FY 2025$1,610$1,820$2,220$2,960$3,310
FY 2024$1,540$1,740$2,130$2,870$3,250
FY 2023$1,340$1,520$1,870$2,540$2,930

Two-bedroom rent in nearby Hennepin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 55446
55438$1,870−18.3%
55439$1,990−13.1%
55440$1,790−21.8%
55441$1,890−17.5%
55442$2,200−3.9%
55443$1,570−31.4%
55444$1,740−24.0%
55445$2,500+9.2%
55446Current$2,290—
55447$2,040−10.9%
55450$1,600−30.1%
55454$1,540−32.8%

Questions about ZIP 55446 rents

How much will Section 8 pay for a two-bedroom in ZIP 55446?

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 $2,290 it would be $2,061 to $2,519. 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 55446 in?

ZIP 55446 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 55446 for FY 2027?

The two-bedroom FMR rose 2.2%, from $2,240 in FY 2026 to $2,290 in FY 2027. Since FY 2023 it has risen 22.5%.

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