JeffCroweCRE

Housing market/Minnesota/ZIP 55427

ACS 2023 · FY2027 SAFMR

ZIP 55427 Minneapolis, Minnesota

Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area · Minnesota. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
24,667
Households
10,656
Median HH income
$92,013
Renter share
32.8%
Median gross rent
$1,443
Vacancy
1.2%
Pop. change
+7.4%
2BR SAFMR
$1,780
SAFMR / rent
1.234×
2–49 unit stock
1,928
LIHTC proj / units
5 / 414
HUD assisted MF
4 / 280

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 55427 · MN — sent to you.

ZIP 55427 · MN

By checking this box you agree that you may be referred to another real estate broker or related service and acknowledge that CENTURY 21 The Avenues licensees and/or affiliates may be paid a valuable consideration for facilitating such referral.

ACS rent vs 2BR SAFMR

ZIP 55427 — Minneapolis, MN HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,443
2BR SAFMR$1,780
90% floor$1,602
110% ceiling$1,958

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 55427

  • 1-unit detached6,60361.2%
  • 1-unit attached8507.9%
  • 2–4 units2632.4%
  • 5–49 units1,66515.4%
  • 50+ units1,40713.0%
TypeUnitsShare
1-unit detached6,60361.2%
1-unit attached8507.9%
2 units (duplex)970.9%
3–4 units1661.5%
5–9 units3263.0%
10–19 units6936.4%
20–49 units6466.0%
50+ units1,40713.0%
Mobile00.0%

2–4 unit share 2.4% · 5–49 unit share 15.4% · combined 2–49 17.9%.

Units by bedrooms

Studio
169
1BR
1,459
2BR
2,046
3BR
4,251
4BR
2,366
5+
497

Rent burden

Rent ≥30% of income40.7%
Rent ≥50% of income18.5%
  • ACS median gross rent $1,443 (all bedrooms, occupied rentals).
  • Median contract rent $1,345.
  • Renters paying ≥30% of income 40.7%; ≥50% 18.5%.
  • FY2027 2BR SAFMR $1,780 (1.234× ACS median gross rent).

Population

24,667 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +7.4%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 5 projects, 414 units.
  • HUD project-based assisted MF: 4 properties, 280 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,804 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 55427 32.8% of occupied households are renters; vacancy is 1.2%; ACS median gross rent is $1,443; population increased +7.4% between the 2018 and 2023 ACS vintages; the housing stock includes 263 units in 2–4-unit structures and 1,665 units in 5–49-unit structures; 5 LIHTC projects totaling 414 units; FY2027 2BR SAFMR is $1,780 versus ACS median gross rent of $1,443. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Minnesota research

ZIP 55427 is a Census / HUD profile for Minneapolis-St. Paul-Bloomington, MN-WI, MN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 55427 — Minneapolis, MN HUD Section 8 Payment Standards / SAFMR·Minnesota ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
54002Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area22.0%$1,200$1,54054003Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area1.8%—$1,54054011Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area25.3%$976$1,54054014Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area9.2%$993$1,54054015Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area21.3%$951$1,54054016Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area20.8%$1,431$1,69054021Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area20.5%$1,285$1,54054022Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area29.3%$1,059$1,54054023Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area16.1%$1,587$1,92054028Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area30.1%$898$1,54054082Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area11.1%—$1,57054723Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area15.7%$875$1,540

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Minnesota research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 55427?

ZIP 55427 (Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area) has 24,667 residents, 10,656 households, a renter share of 32.8%, median household income of $92,013, and ACS 2023 median gross rent of $1,443. Vacancy is 1.2%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 55427?

ACS counts 97 units in 2-unit buildings, 166 in 3–4 unit buildings, 326 in 5–9, 693 in 10–19, and 646 in 20–49. Combined 2–49 unit stock is 1,928 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 55427?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,780. See the full schedule and 90–110% payment-standard band on the ZIP 55427 — Minneapolis, MN HUD Section 8 Payment Standards / SAFMR.

Does this Minnesota ZIP profile include Georgia listings?

No. ZIP 55427 is Census / HUD research for Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. Jeff Crowe CRE does not list Minnesota property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.