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Jackson County/Jackson/56143

56143

ZIPSAFMR
Jackson County, MN
Zillow

ZIP Investment Score

57Below average

095130300
BRFMR
Eff. Rent
0 BR$710$740
1 BR$920$790
2 BR$1,010$920
3 BR$1,340$980
4 BR$1,340$1,040
5 BR$1,541Not available
6 BR$1,772Not available
7 BR$2,038Not available
8 BR$2,344Not available

Purchase Price Calculator

Maximum purchase price
$74,795

Cost breakdown

+Likely effective rent$920
HUD FMR$1,010
Market rentUsed$920
Est. payment standard (94%)$950
-Principal and interest-$378
Loan amount$59,836
Down payment$14,959
Rate6.50%
Term30 years
-Operating costs-$342
Property taxes-$75
Insurance-$175
Utilities$0
HOA$0
Management-$92
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,095(100.9% ROI)
Projected value
$80,546
Return breakdown
Property appreciation+$5,751
Loan principal paid down+$2,144
Rental cash flow+$7,200
5-year hold
+$25,652(171.5% ROI)
Projected value
$84,624
Return breakdown
Property appreciation+$9,829
Loan principal paid down+$3,823
Rental cash flow+$12,000
10-year hold
+$54,058(361.4% ROI)
Projected value
$95,744
Return breakdown
Property appreciation+$20,949
Loan principal paid down+$9,109
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.93
1 BR
1.16
2 BR
1.10
3 BR
1.37
4 BR
1.29
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 56143 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 56143 (Jackson, MN) is $1,010 a month. That is up 4.1% from $970 in FY 2026. Jackson is in the Jackson 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 $1,014. Among 14 ZIP codes in Jackson County, 56143 is tied for the 13th-highest two-bedroom rent (county range $1,010–$1,430). The median county two-bedroom FMR in Minnesota is $1,048, so ZIP 56143 is 4% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 56143
BedroomsFY 2027Change90–110% range
Studio$710+6.0%$639–$781
1BR$920+8.2%$828–$1,012
2BR$1,010+4.1%$909–$1,111
3BR$1,340+4.7%$1,206–$1,474
4BR$1,340+3.9%$1,206–$1,474

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 56143
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$710$920$1,010$1,340$1,340
FY 2026$670$850$970$1,280$1,290
FY 2025$640$780$930$1,250$1,320
FY 2024area FMR$613$695$905$1,143$1,297
FY 2023area FMR$552$631$826$1,014$1,184

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Jackson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 56143
56111$1,430+41.6%
56118$1,050+4.0%
56119$1,080+6.9%
56127$1,220+20.8%
56131$1,030+2.0%
56137$1,0100.0%
56143Current$1,010—
56150$1,130+11.9%
56159$1,050+4.0%
56160$1,040+3.0%
56161$1,080+6.9%
56167$1,090+7.9%

Questions about ZIP 56143 rents

How much will Section 8 pay for a two-bedroom in ZIP 56143?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,010 it would be $909 to $1,111. 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 56143 in?

ZIP 56143 is in the Jackson County, MN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.

How much did fair market rent change in ZIP 56143 for FY 2027?

The two-bedroom FMR rose 4.1%, from $970 in FY 2026 to $1,010 in FY 2027. Since FY 2025 it has risen 8.6%.

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