Location: Minneapolis-St. Paul-Bloomington, MN | Metro: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,580 |
| 1 Bedroom | $1,780 |
| 2 Bedrooms | $2,160 |
| 3 Bedrooms | $2,820 |
| 4 Bedrooms | $3,160 |
| 5 Bedrooms | $3,666 |
| 6 Bedrooms | $4,106 |
| 7 Bedrooms | $4,434 |
| 8 Bedrooms | $4,656 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,780 | $248,194 | 0.72% | D |
| 2BR | $2,160 | $275,477 | 0.78% | D |
| 3BR | $2,820 | $373,504 | 0.76% | D |
| 4BR | $3,160 | $450,156 | 0.7% | D |
| 5BR | $3,666 | $541,376 | 0.68% | D |
U.S. Census Bureau data (2024)
The ZIP code 55369, located in Maple Grove, MN, presents a dynamic rental market with specific indicators that frame it as an area where demand closely matches supply. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $2060, slightly above the Zillow Observed Rent Index (ZORI) of $1,975, suggesting a competitive but balanced market. The low price-cut share of 0.2% and a modest days on market (DOM) of 22 indicate that landlords and property owners are not having to significantly reduce their asking prices or wait extended periods for tenants, which points towards a stable demand for rental properties.
A median home value of $393,091 places Maple Grove in a moderate to upper range for home values, reflecting a middle-class to affluent community. This high median home value, combined with the relatively low FMR and ZORI, suggests that homeownership is a viable option for many residents, potentially limiting the number of renters in the area.
The 24.1% renter share in Maple Grove indicates a significant portion of the population relies on rental housing, creating long-term housing pressure. This share is likely to sustain demand for rental units, even if it doesn't suggest a rapid increase in the number of renters. Given the snapshot of the market, the dynamics imply a steady state where neither supply nor demand is overwhelming the other. Landlords and investors can expect consistent occupancy rates and rental income, without the need for frequent price adjustments or prolonged vacancies.
In summary, ZIP 55369 in Maple Grove, MN, exhibits a rental market that is well-balanced, with a slight edge towards demand stability over supply abundance. The relatively high median home value alongside a substantial renter share suggests a mixed housing market where both ownership and rental coexist, providing a reliable investment environment for landlords and small-portfolio investors.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.