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St. Louis County/Duluth/55812

55812

ZIPSAFMR
St. Louis County, MN
Zillow

ZIP Investment Score

81Below average

095130300
BRFMR
Eff. Rent
0 BR$1,050$920
1 BR$1,200$1,320
2 BR$1,510$1,590
3 BR$2,090$1,880
4 BR$2,520$2,270
5 BR$2,898Not available
6 BR$3,333Not available
7 BR$3,833Not available
8 BR$4,407Not available

Purchase Price Calculator

Maximum purchase price
$174,357

Cost breakdown

+Likely effective rent$1,590
HUD FMR$1,510
Market rent$1,640
Est. payment standard (106%)Used$1,590
-Principal and interest-$882
Loan amount$139,485
Down payment$34,871
Rate6.50%
Term30 years
-Operating costs-$508
Property taxes-$174
Insurance-$175
Utilities$0
HOA$0
Management-$159
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,604(73.4% ROI)
Projected value
$187,763
Return breakdown
Property appreciation+$13,406
Loan principal paid down+$4,997
Rental cash flow+$7,200
5-year hold
+$43,824(125.7% ROI)
Projected value
$197,269
Return breakdown
Property appreciation+$22,912
Loan principal paid down+$8,912
Rental cash flow+$12,000
10-year hold
+$94,070(269.8% ROI)
Projected value
$223,192
Return breakdown
Property appreciation+$48,835
Loan principal paid down+$21,235
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.14
1 BR
0.86
2 BR
0.92
3 BR
1.11
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 55812 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 55812 (Duluth, MN) is $1,510 a month. That is up 1.3% from $1,490 in FY 2026. Duluth is in the Duluth, MN-WI MSA. 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 $1,207. Among 52 ZIP codes in St. Louis County, 55812 is tied for the 9th-highest two-bedroom rent (county range $1,110–$1,810). The median county two-bedroom FMR in Minnesota is $1,048, so ZIP 55812 is 44% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 55812
BedroomsFY 2027Change90–110% range
Studio$1,050+1.9%$945–$1,155
1BR$1,200+1.7%$1,080–$1,320
2BR$1,510+1.3%$1,359–$1,661
3BR$2,090+2.5%$1,881–$2,299
4BR$2,520+0.8%$2,268–$2,772

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 55812
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,050$1,200$1,510$2,090$2,520
FY 2026$1,030$1,180$1,490$2,040$2,500
FY 2025$910$1,040$1,320$1,780$2,220
FY 2024$840$950$1,220$1,630$2,070
FY 2023$850$920$1,190$1,570$1,960

Two-bedroom rent in nearby St. Louis County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 55812
55802$1,300−13.9%
55803$1,720+13.9%
55804$1,610+6.6%
55805$1,220−19.2%
55806$1,120−25.8%
55807$1,210−19.9%
55808$1,190−21.2%
55810$1,320−12.6%
55811$1,540+2.0%
55812Current$1,510—
55814$1,540+2.0%
55816$1,230−18.5%

Questions about ZIP 55812 rents

How much will Section 8 pay for a two-bedroom in ZIP 55812?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,207, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,086 to $1,328 a month; under the ZIP-level Small Area FMR of $1,510 it would be $1,359 to $1,661. 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 55812 in?

ZIP 55812 is in the Duluth, MN-WI MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,207.

How much did fair market rent change in ZIP 55812 for FY 2027?

The two-bedroom FMR rose 1.3%, from $1,490 in FY 2026 to $1,510 in FY 2027. Since FY 2023 it has risen 26.9%.

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