FMR is near market; voucher and private rents are aligned.
0.92
1 BR
1 BR- 55309
1.10ratio
FMR$1,480
Market$1,340
vs market+$140
FMR is above market; underwrite to market rent.
1.10
2 BR
2 BR- 55309
0.99ratio
FMR$1,800
Market$1,810
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
3 BR
3 BR- 55309
1.15ratio
FMR$2,350
Market$2,050
vs market+$300
FMR is above market; underwrite to market rent.
1.15
4 BR
4 BR- 55309
1.16ratio
FMR$2,630
Market$2,260
vs market+$370
FMR is above market; underwrite to market rent.
1.16
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Big Lake, MN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Big Lake, MN is $1,800 a month. That is up 1.1% from $1,780 in FY 2026. Big Lake is in the Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,734. The median county two-bedroom FMR in Minnesota is $1,048, so Big Lake is 72% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Big Lake, MN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,290
$1,310
+1.6%
$1,179–$1,441
1BR
$1,460
$1,480
+1.4%
$1,332–$1,628
2BR
$1,780
$1,800
+1.1%
$1,620–$1,980
3BR
$2,360
$2,350
−0.4%
$2,115–$2,585
4BR
$2,640
$2,630
−0.4%
$2,367–$2,893
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Big Lake, MN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,310
$1,480
$1,800
$2,350
$2,630
FY 2026
$1,290
$1,460
$1,780
$2,360
$2,640
FY 2025
$1,240
$1,400
$1,710
$2,280
$2,550
FY 2024
$1,140
$1,290
$1,580
$2,130
$2,410
FY 2023
$930
$1,060
$1,300
$1,770
$2,040
Questions about Big Lake, MN rents
How much will Section 8 pay for a two-bedroom in Big Lake, MN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,734, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,561 to $1,907 a month; under the ZIP-level Small Area FMR of $1,800 it would be $1,620 to $1,980. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Big Lake, MN in?
Big Lake, MN is in the Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,734.
How much did fair market rent change in Big Lake, MN for FY 2027?
The two-bedroom FMR rose 1.1%, from $1,780 in FY 2026 to $1,800 in FY 2027. Since FY 2023 it has risen 38.5%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set