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Waseca County/Pemberton/56078

56078

ZIPSAFMR
Waseca County, MN
Zillow

ZIP Investment Score

111Above average

095130300
BRFMR
Eff. Rent
0 BR$1,320$1,320
1 BR$1,360$1,360
2 BR$1,670$1,670
3 BR$2,280$2,280
4 BR$2,320$2,320
5 BR$2,668Not available
6 BR$3,068Not available
7 BR$3,528Not available
8 BR$4,058Not available

Purchase Price Calculator

Maximum purchase price
$186,245

Cost breakdown

+Likely effective rent$1,670
HUD FMRUsed$1,670
Market rentN/A
Est. payment standardN/A
-Principal and interest-$942
Loan amount$148,996
Down payment$37,249
Rate6.50%
Term30 years
-Operating costs-$528
Property taxes-$186
Insurance-$175
Utilities$0
HOA$0
Management-$167
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,859(72.1% ROI)
Projected value
$200,565
Return breakdown
Property appreciation+$14,320
Loan principal paid down+$5,338
Rental cash flow+$7,200
5-year hold
+$45,993(123.5% ROI)
Projected value
$210,719
Return breakdown
Property appreciation+$24,474
Loan principal paid down+$9,519
Rental cash flow+$12,000
10-year hold
+$98,847(265.4% ROI)
Projected value
$238,409
Return breakdown
Property appreciation+$52,164
Loan principal paid down+$22,683
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 56078 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 56078 (Pemberton, MN) is $1,670 a month. That is up 8.4% from $1,540 in FY 2026. Pemberton is in the Waseca 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 $1,030. Among 14 ZIP codes in Waseca County, 56078 has the highest two-bedroom rent (county range $1,010–$1,670). The median county two-bedroom FMR in Minnesota is $1,048, so ZIP 56078 is 59% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 56078
BedroomsFY 2027Change90–110% range
Studio$1,320+8.2%$1,188–$1,452
1BR$1,360+8.8%$1,224–$1,496
2BR$1,670+8.4%$1,503–$1,837
3BR$2,280+6.5%$2,052–$2,508
4BR$2,320−6.5%$2,088–$2,552

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 56078
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,320$1,360$1,670$2,280$2,320
FY 2026$1,220$1,250$1,540$2,140$2,480
FY 2025$1,110$1,120$1,390$1,940$2,320
FY 2024$990$990$1,210$1,710$2,050
FY 2023$890$910$1,140$1,600$1,940

Two-bedroom rent in nearby Waseca County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 56078
56028$1,270−24.0%
56042$1,030−38.3%
56048$1,060−36.5%
56063$1,070−35.9%
56065$1,060−36.5%
56068$1,180−29.3%
56072$1,030−38.3%
56078Current$1,670—
56091$1,110−33.5%
56093$1,070−35.9%
56096$1,070−35.9%
56097$1,010−39.5%

Questions about ZIP 56078 rents

How much will Section 8 pay for a two-bedroom in ZIP 56078?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,030, which applies unless the housing authority uses Small Area FMRs, that basic range is $927 to $1,133 a month; under the ZIP-level Small Area FMR of $1,670 it would be $1,503 to $1,837. 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 56078 in?

ZIP 56078 is in the Waseca County, MN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,030.

How much did fair market rent change in ZIP 56078 for FY 2027?

The two-bedroom FMR rose 8.4%, from $1,540 in FY 2026 to $1,670 in FY 2027. Since FY 2023 it has risen 46.5%.

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