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Winona County/Utica/55979

55979

ZIPSAFMR
Winona County, MN
Zillow

ZIP Investment Score

57Below average

095130300
BRFMR
Eff. Rent
0 BR$1,000$1,000
1 BR$1,120$1,120
2 BR$1,410$1,410
3 BR$1,710$1,710
4 BR$2,040$2,040
5 BR$2,346Not available
6 BR$2,698Not available
7 BR$3,103Not available
8 BR$3,568Not available

Purchase Price Calculator

Maximum purchase price
$147,609

Cost breakdown

+Likely effective rent$1,410
HUD FMRUsed$1,410
Market rentN/A
Est. payment standardN/A
-Principal and interest-$746
Loan amount$118,087
Down payment$29,522
Rate6.50%
Term30 years
-Operating costs-$464
Property taxes-$148
Insurance-$175
Utilities$0
HOA$0
Management-$141
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,781(77.2% ROI)
Projected value
$158,959
Return breakdown
Property appreciation+$11,350
Loan principal paid down+$4,231
Rental cash flow+$7,200
5-year hold
+$38,942(131.9% ROI)
Projected value
$167,006
Return breakdown
Property appreciation+$19,397
Loan principal paid down+$7,545
Rental cash flow+$12,000
10-year hold
+$83,320(282.2% ROI)
Projected value
$188,952
Return breakdown
Property appreciation+$41,343
Loan principal paid down+$17,977
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 55979 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 55979 (Utica, MN) is $1,410 a month. That is down 1.4% from $1,430 in FY 2026. Utica is in the Winona County, MN non-metropolitan 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 county-wide two-bedroom FMR of $1,118. Among 14 ZIP codes in Winona County, 55979 has the 2nd-highest two-bedroom rent (county range $1,070–$1,450). The median county two-bedroom FMR in Minnesota is $1,048, so ZIP 55979 is 35% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 55979
BedroomsFY 2027Change90–110% range
Studio$1,000−5.7%$900–$1,100
1BR$1,120−3.4%$1,008–$1,232
2BR$1,410−1.4%$1,269–$1,551
3BR$1,710−5.0%$1,539–$1,881
4BR$2,040−1.4%$1,836–$2,244

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 55979
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,000$1,120$1,410$1,710$2,040
FY 2026$1,060$1,160$1,430$1,800$2,070
FY 2025$1,000$1,100$1,350$1,720$1,870
FY 2024$950$950$1,250$1,700$1,990
FY 2023$790$800$1,050$1,420$1,590

Two-bedroom rent in nearby Winona County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 55979
55925$1,160−17.7%
55943$1,110−21.3%
55947$1,240−12.1%
55952$1,170−17.0%
55959$1,070−24.1%
55962$1,090−22.7%
55964$1,270−9.9%
55969$1,110−21.3%
55971$1,110−21.3%
55972$1,270−9.9%
55979Current$1,410—
55987$1,110−21.3%

Questions about ZIP 55979 rents

How much will Section 8 pay for a two-bedroom in ZIP 55979?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,118, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,006 to $1,230 a month; under the ZIP-level Small Area FMR of $1,410 it would be $1,269 to $1,551. 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 55979 in?

ZIP 55979 is in the Winona County, MN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,118.

How much did fair market rent change in ZIP 55979 for FY 2027?

The two-bedroom FMR fell 1.4%, from $1,430 in FY 2026 to $1,410 in FY 2027. Since FY 2023 it has risen 34.3%.

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