FIPS 27123 · population 542,945 · part of Minneapolis, MN
The latest county-level Zillow ZORI is $1,525 per month in 2026-06. It is a typical asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.
| Bedrooms | HUD monthly FMR | Geography | Measurement boundary |
|---|---|---|---|
| Studio | $1,242 | Ramsey County, MN | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 1 bedroom | $1,405 | Ramsey County, MN | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 2 bedrooms | $1,709 | Ramsey County, MN | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 3 bedrooms | $2,262 | Ramsey County, MN | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 4 bedrooms | $2,531 | Ramsey County, MN | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
Zillow asking rent, ACS gross rent and HUD FMR describe different housing universes. They remain separate and no metro, city or neighboring-county value replaces missing county evidence.Zillow pulled 2026-07-26 · HUD pulled 2026-07-26
Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.
Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.
Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.
Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2021-2025; latest 2025 vs 2024 · pulled 2026-08-02. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.
BEA per-capita personal income divides all personal income by the county population. It is broader than wages, but it is not household income or a measure of what renters can afford.
HUD CHAS separates renter households by income relative to local HAMFI. Moderate burden means housing costs above 30% through 50% of income; severe burden means more than 50%.
These Apartment List observations match the exact county Census code 27123. They are kept separate from Zillow asking rent, Census occupied-home rent and wider metro measures.
Monthly overall-rent index; missing observations are not filled from another geography.
Ramsey County presents a rent-supported but verification-heavy acquisition question: income-focused buyers should investigate whether the published gross yield survives taxes, flood exposure, and asset-level expenses, while buyers relying on rapid resale should be cautious of softer listing evidence. The county’s June 2026 Zillow median home value was $345,401, up 1.90% year over year. Separately, FHFA’s 2025 repeat-transaction HPI rose 2.92%; it supports positive price direction but is not a home value and is neither the same vintage nor method as Zillow.
At the Zillow observation, median asking market rent was $1,525 per month, growing 3.21%, and the supplied 5.30% gross yield pairs annual market rent with price before costs. The effective property-tax rate is 1.21%, a material carrying-cost input, though parcel assessments and insurance are not published. HUD’s $1,709 two-bedroom FMR is a payment standard, not asking rent; it cannot substitute for measured market rent or be used to calculate yield.
At June 2026, Realtor.com MLS evidence showed active listings 16.24% above a year earlier, median marketing time of 36 days, and 15.78% of listings reduced. These are visible asking-market supply and seller-concession measures, not sales or proof of buyer demand. Tax-return migration was negative 1,475 households; incoming movers’ average AGI was $11,833 below outgoing movers’ average AGI. Investor purchase mortgages were 413 of 5,880 total purchases, a 7.02% share: participation exists but does not establish pricing power. QCEW records covered jobs at county workplaces; Education and health services is the largest disclosed private supersector, not the whole economy or resident employment.
Inland flood is the dominant hazard, and modeled annual expected building-value loss is 0.10%; this county-level model is not a property insurance quote or flood-zone determination. Missing asset-level rent rolls, vacancy, operating costs, insurance and flood history, condition, financing terms, and closed-sale comparables prevent underwriting net operating income, leverage coverage, or a defensible purchase price. Confirm jurisdictional taxes, lease renewals, and flood insurance before applying county figures to a specific property.
This view uses 12 direct Zillow ZIP markets matched to Census ZCTAs. Each ZIP is assigned by its largest HUD residential county share; this is not an exhaustive county inventory.
Across the selected direct-evidence ZIPs, Zillow’s June 2026 ZORI typical observed asking-rent index ranges from $1,262 to $1,642, a $380 spread, with a $1,453 median. The selected-set median is below the county ZORI, but this is not a countywide price distribution. ZIP 55106 marks the lower endpoint and 55102 the higher one. The decision is not simply to select the lowest current index, but to assess whether its burden and vacancy context fits a renter’s budget and search constraints. The figures describe a selected evidence set rather than a complete local inventory.
Keep the evidence universes separate. Zillow is a current typical observed asking-rent index, whereas ACS 2024 five-year median gross rent is a survey estimate, not a current asking-rent quote. Across the shown ZCTAs, ACS median gross rent ranges from $1,194 to $1,511; the county ACS figure is $1,329. HUD’s FY2026 two-bedroom FMR is $1,709 in every shown ZIP. Zillow’s index equals 73.8% to 96.1% of that administrative, bedroom-specific standard. That ratio compares distinct benchmarks rather than like-for-like units and should not turn HUD FMR into a market-rent estimate.
Burden and vacancy complicate a price-only sort. ACS vacancy rates range from 2.7% to 9.3%, versus 5.4% for the county; a higher survey vacancy rate does not establish current listing availability. The share of renter households spending at least 30% of income on rent ranges from 38.2% to 57.7%, against 51.0% countywide. At the selected-set low end, the $1,262 Zillow index sits alongside a 53.3% burden share, showing why a ZIP-level asking-rent signal cannot stand in for household affordability. A renter should assess current rent, survey vacancy context, and the household’s income and recurring housing charges separately.
Coverage and geography limit the inference. The display covers 12 of 19 eligible direct-ZORI ZIP/ZCTA matches and 68,086 renter households, so it is not an exhaustive county or neighborhood inventory. ZIPs are assigned to Ramsey County by the largest HUD residential-address share, ranging from 99.7% to 100.0% in this set; ZCTAs are statistical areas rather than USPS delivery ZIPs. Before acting on a listing, verify the property’s actual delivery ZIP and county assignment, bedroom count, advertised rent, lease term, concessions, required fees, utility treatment, and move-in charges. Document all quoted terms in writing before making any housing decision. Compare a specific unit with current asking-rent evidence only on a compatible basis, and use the bedroom-specific HUD standard only for the program or screening purpose it is designed to serve.
19 ZIP profiles passed the county gate; the 12 with the most renter households are shown.
| ZIP / ZCTA | Zillow asking rent | ACS gross rent | HUD 2BR | Burden 30%+ | Vacancy | Income screen | HUD county share |
|---|---|---|---|---|---|---|---|
| 55104 | $1,436 | $1,199 | $1,709 | 47.9% | 7.9% | $57k | 100.0% |
| 55106 | $1,262 | $1,261 | $1,709 | 53.3% | 5.5% | $50k | 100.0% |
| 55117 | $1,385 | $1,194 | $1,709 | 48.0% | 5.5% | $55k | 100.0% |
| 55113 | $1,458 | $1,383 | $1,709 | 52.4% | 7.0% | $58k | 100.0% |
| 55116 | $1,547 | $1,318 | $1,709 | 47.4% | 4.0% | $62k | 100.0% |
| 55102 | $1,642 | $1,319 | $1,709 | 38.2% | 8.8% | $66k | 100.0% |
| 55112 | $1,456 | $1,372 | $1,709 | 52.0% | 3.9% | $58k | 100.0% |
| 55119 | $1,413 | $1,393 | $1,709 | 43.2% | 3.6% | $57k | 99.7% |
| 55109 | $1,450 | $1,369 | $1,709 | 57.7% | 6.0% | $58k | 100.0% |
| 55101 | $1,548 | $1,511 | $1,709 | 54.4% | 9.3% | $62k | 100.0% |
| 55105 | $1,358 | $1,288 | $1,709 | 41.6% | 4.3% | $54k | 100.0% |
| 55108 | $1,536 | $1,348 | $1,709 | 43.6% | 2.7% | $61k | 100.0% |
Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.
Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.
0.096% of building value expected lost per year
$3,966 median annual bill
19,778 in · 21,253 out
$57,149 arriving · $68,982 leaving
413 of 5,880 mortgages
Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.
A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.
| County | Population | Price | Rent | Yield | Hazard |
|---|---|---|---|---|---|
| Ramsey County | 542,945 | $345k | $1,525 | 5.3% | inland flooding |
| Hennepin County | 1,269,496 | $396k | $1,766 | 5.3% | inland flooding |
| Dakota County | 445,771 | $403k | $1,687 | 5.0% | inland flooding |
| Anoka County | 370,349 | $380k | $1,732 | 5.5% | inland flooding |
| Washington County | 276,238 | $451k | $2,060 | 5.5% | inland flooding |
| Scott County | 154,557 | $450k | $1,850 | 4.9% | inland flooding |
| Wright County | 148,269 | $399k | $1,806 | 5.4% | inland flooding |
| Carver County | 110,041 | $496k | $2,002 | 4.8% | inland flooding |
| Sherburne County | 100,560 | $396k | $1,607 | 4.9% | inland flooding |
No. The record identifies FMR as a two-bedroom payment standard, while market rent is separately measured asking rent.
Annual average covered jobs at workplaces in Ramsey County; it is not resident employment or an unemployment measure.
Education and health services.