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 | $1,530 |
| 1 Bedroom | $1,730 |
| 2 Bedrooms | $2,100 |
| 3 Bedrooms | $2,740 |
| 4 Bedrooms | $3,070 |
| 5 Bedrooms | $3,561 |
| 6 Bedrooms | $3,988 |
| 7 Bedrooms | $4,307 |
| 8 Bedrooms | $4,522 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,100 | $272,147 | 0.77% | D |
| 3BR | $2,740 | $336,434 | 0.81% | C |
| 4BR | $3,070 | $375,507 | 0.82% | C |
| 5BR | $3,561 | $434,338 | 0.82% | C |
U.S. Census Bureau data (2024)
The ZIP code 55434 in Blaine, Minnesota, stands out within Anoka County due to its unique demographic and economic characteristics. With a population of 33,029, it has a relatively low rental rate of 17.8%, indicating that homeownership is prevalent among its residents. The median income of $90,336 suggests a middle-class community, while the median home value of $332,563 reflects a stable housing market.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 55434 in fiscal year 2024 is set at $1780, which is notably lower than the market rent, measured by ZORI (Zillow Observed Rent Index), at $1,888. This means that landlords accepting Section 8 vouchers will receive slightly less than the average market rent for similar properties, but the difference is minimal, making it a viable option for maintaining occupancy rates.
The data signature for ZIP 55434 reads as stable. Despite the slight disparity between the FMR and market rent, the overall indicators point towards a steady community where both income and home values suggest a consistent economic environment. Landlords and small-portfolio investors can expect a reliable tenant base, with the majority of residents owning their homes and a significant portion able to afford market rents.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.