56529
ZIPSAFMR
Clay County, MN
BRFMR
Eff. Rent
0 BR$790$870
1 BR$950$960
2 BR$1,150$1,250
3 BR$1,600$1,730
4 BR$1,930$1,980
5 BR$2,220
6 BR$2,552
7 BR$2,935
8 BR$3,376

Purchase Price Calculator

Maximum purchase price
$123,833

Cost breakdown

+Likely effective rent$1,250
HUD FMR$1,150
Market rent$1,300
Est. payment standard (108%)Used$1,250
Estimated payment standard is $1,250 (108% of FMR).
-Principal and interest-$626
Loan amount$99,066
Down payment$24,767
Rate6.50%
Term30 years
-Operating costs-$424
Property taxes-$124
Insurance-$175
Utilities$0
HOA$0
Management-$125
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,271(81.8% ROI)
Projected value
$133,355
Current value$123,833
Return breakdown
Property appreciation+$9,522
Loan principal paid down+$3,549
Rental cash flow+$7,200
5-year hold
+$34,602(139.7% ROI)
Projected value
$140,106
Current value$123,833
Return breakdown
Property appreciation+$16,273
Loan principal paid down+$6,329
Rental cash flow+$12,000
10-year hold
+$73,765(297.8% ROI)
Projected value
$158,517
Current value$123,833
Return breakdown
Property appreciation+$34,684
Loan principal paid down+$15,082
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
0.69ratio
FMR$790
Market$1,140
vs market-$350

FMR is below market; voucher rent may lag private rents.

90% standard$711 / 0.62 ratio110% standard$869 / 0.76 ratio
0.69
1 BR
1 BR
0.99ratio
FMR$950
Market$960
vs market-$10

FMR is near market; voucher and private rents are aligned.

90% standard$855 / 0.89 ratio110% standard$1,045 / 1.09 ratio
0.99
2 BR
2 BR
0.88ratio
FMR$1,150
Market$1,300
vs market-$150

FMR is below market; voucher rent may lag private rents.

90% standard$1,035 / 0.80 ratio110% standard$1,265 / 0.97 ratio
0.88
3 BR
3 BR
0.89ratio
FMR$1,600
Market$1,800
vs market-$200

FMR is below market; voucher rent may lag private rents.

90% standard$1,440 / 0.80 ratio110% standard$1,760 / 0.98 ratio
0.89
4 BR
4 BR
0.96ratio
FMR$1,930
Market$2,000
vs market-$70

FMR is near market; voucher and private rents are aligned.

90% standard$1,737 / 0.87 ratio110% standard$2,123 / 1.06 ratio
0.96
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 56529 (MN) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

56529 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 56529 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,150 and the 4 bedroom fair market rent is $1,930.

Use this page for searches like 56529 FMR, 56529 fair market rent, and 56529 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 56529
Bedroom sizeHUD FMR
Studio$790
1 bedroom$950
2 bedroom$1,150
3 bedroom$1,600
4 bedroom$1,930