Section 8 Fair Market Rent (FMR) for ZIP 55444 - 2027

Location: Minneapolis-St. Paul-Bloomington, MN | Metro: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area

Investment Score for ZIP 55444

Monthly Rent (2BR)

$1,740

Median Price (2BR)

$293,856

1% Rule

0.59%

Annual Yield

7.11%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,270
1 Bedroom	$1,430
2 Bedrooms	$1,740
3 Bedrooms	$2,270
4 Bedrooms	$2,550
5 Bedrooms	$2,958
6 Bedrooms	$3,313
7 Bedrooms	$3,578
8 Bedrooms	$3,757

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,740	$293,856	0.59%	F
3BR	$2,270	$340,477	0.67%	D
4BR	$2,550	$361,263	0.71%	D
5BR	$2,958	$384,260	0.77%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

16,559

Median Household Income

$117,198

Housing Units

5,313

Renter Percentage

9.7%

Occupancy Rate

96.6%

Renter Occupied

500

In ZIP code 55444, which is located in Brooklyn Park, Minnesota, in Hennepin County, the economics of Section 8 housing vouchers can be quite straightforward. For a two-bedroom apartment, the SAFMR (Small Area Fair Market Rent) for FY 2024 is set at $1500. This SAFMR is specifically tailored for this ZIP code, ensuring it reflects the local rental market conditions accurately.

The local market rent for a two-bedroom unit in ZIP 55444, according to the Census ACS data, is $1498. Landlords might initially think that having a Section 8 tenant would mean receiving less than market rate, but this isn't always the case. Let's break down the components of what a voucher actually pays:

Tenant Portion: The tenant is responsible for paying 30% of their adjusted income towards rent. If we assume an average adjusted income of $1800 per month, the tenant's portion would be $540.
Voucher Reimbursement: The Housing Authority will pay the difference between the tenant's portion and the SAFMR, up to the limit of $1500. Therefore, if the tenant pays $540, the Housing Authority would cover the remaining $960, bringing the total to $1500.
Utility Allowances: Utility allowances are additional payments made by the Housing Authority to help cover the cost of utilities. These allowances vary but typically add a few hundred dollars to the monthly payment.

Once all these factors are considered, landlords can receive a steady and predictable income of $1500 per month for a two-bedroom apartment, which is slightly above the local market rent of $1498. This means there is a small surplus of $2 per month for landlords in ZIP 55444 when they have a Section 8 tenant. However, this surplus does not account for the utility allowances, which can further increase the total reimbursement received by the landlord.

In conclusion, the economics of Section 8 in ZIP 55444 provide landlords with a reliable source of income that matches or slightly exceeds the local market rates, making it a viable option for property owners in this area.

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.