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Clay County/Dilworth/56529

56529

ZIPSAFMR
Clay County, MN
Zillow

ZIP Investment Score

61Below average

095130300
BRFMR
Eff. Rent
0 BR$830$910
1 BR$970$960
2 BR$1,180$1,260
3 BR$1,630$1,740
4 BR$1,970$1,990
5 BR$2,266Not available
6 BR$2,605Not available
7 BR$2,996Not available
8 BR$3,446Not available

Purchase Price Calculator

Maximum purchase price
$125,319

Cost breakdown

+Likely effective rent$1,260
HUD FMR$1,180
Market rent$1,300
Est. payment standard (107%)Used$1,260
-Principal and interest-$634
Loan amount$100,255
Down payment$25,064
Rate6.50%
Term30 years
-Operating costs-$426
Property taxes-$125
Insurance-$175
Utilities$0
HOA$0
Management-$126
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,428(81.5% ROI)
Projected value
$134,955
Return breakdown
Property appreciation+$9,636
Loan principal paid down+$3,592
Rental cash flow+$7,200
5-year hold
+$34,873(139.1% ROI)
Projected value
$141,787
Return breakdown
Property appreciation+$16,468
Loan principal paid down+$6,405
Rental cash flow+$12,000
10-year hold
+$74,363(296.7% ROI)
Projected value
$160,419
Return breakdown
Property appreciation+$35,100
Loan principal paid down+$15,263
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.73
1 BR
1.01
2 BR
0.91
3 BR
0.91
4 BR
0.98
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 56529 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 56529 (Dilworth, MN) is $1,180 a month. That is up 2.6% from $1,150 in FY 2026. Dilworth is in the Fargo, ND-MN 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 $1,104. Among 20 ZIP codes in Clay County, 56529 is tied for the 8th-highest two-bedroom rent (county range $1,010–$1,320). The median county two-bedroom FMR in Minnesota is $1,048, so ZIP 56529 is 13% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 56529
BedroomsFY 2027Change90–110% range
Studio$830+5.1%$747–$913
1BR$970+2.1%$873–$1,067
2BR$1,180+2.6%$1,062–$1,298
3BR$1,630+1.9%$1,467–$1,793
4BR$1,970+2.1%$1,773–$2,167

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 56529
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$830$970$1,180$1,630$1,970
FY 2026$790$950$1,150$1,600$1,930
FY 2025$690$830$1,010$1,420$1,700
FY 2024$650$770$930$1,310$1,580
FY 2023$600$710$860$1,220$1,460

Two-bedroom rent in nearby Clay County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 56529
56514$1,020−13.6%
56519$1,320+11.9%
56525$1,190+0.8%
56529Current$1,180—
56536$1,010−14.4%
56546$1,1800.0%
56547$1,060−10.2%
56549$1,010−14.4%
56552$1,010−14.4%
56554$1,010−14.4%
56560$1,190+0.8%
56561$1,1800.0%

Questions about ZIP 56529 rents

How much will Section 8 pay for a two-bedroom in ZIP 56529?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,104, which applies unless the housing authority uses Small Area FMRs, that basic range is $994 to $1,214 a month; under the ZIP-level Small Area FMR of $1,180 it would be $1,062 to $1,298. 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 56529 in?

ZIP 56529 is in the Fargo, ND-MN MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,104.

How much did fair market rent change in ZIP 56529 for FY 2027?

The two-bedroom FMR rose 2.6%, from $1,150 in FY 2026 to $1,180 in FY 2027. Since FY 2023 it has risen 37.2%.

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