FMR is below market; voucher rent may lag private rents.
0.53
1 BR
1 BR- 55315
0.60ratio
FMR$1,420
Market$2,380
vs market-$960
FMR is below market; voucher rent may lag private rents.
0.60
2 BR
2 BR- 55315
0.71ratio
FMR$1,730
Market$2,420
vs market-$690
FMR is below market; voucher rent may lag private rents.
0.71
3 BR
3 BR- 55315
0.87ratio
FMR$2,260
Market$2,590
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.87
4 BR
4 BR- 55315
0.85ratio
FMR$2,530
Market$2,970
vs market-$440
FMR is below market; voucher rent may lag private rents.
0.85
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
--
Carver, MN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Carver, MN is $1,730 a month. That is up 1.8% from $1,700 in FY 2026. Carver 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 Carver is 65% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Carver, MN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,240
$1,260
+1.6%
$1,134–$1,386
1BR
$1,400
$1,420
+1.4%
$1,278–$1,562
2BR
$1,700
$1,730
+1.8%
$1,557–$1,903
3BR
$2,250
$2,260
+0.4%
$2,034–$2,486
4BR
$2,520
$2,530
+0.4%
$2,277–$2,783
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Carver, MN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,260
$1,420
$1,730
$2,260
$2,530
FY 2026
$1,240
$1,400
$1,700
$2,250
$2,520
FY 2025
$1,220
$1,380
$1,680
$2,240
$2,510
FY 2024
$1,180
$1,340
$1,630
$2,210
$2,490
FY 2023
$1,070
$1,230
$1,510
$2,050
$2,360
Questions about Carver, MN rents
How much will Section 8 pay for a two-bedroom in Carver, 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 $1,730 it would be $1,557 to $1,903. 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 Carver, MN in?
Carver, 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 Carver, MN for FY 2027?
The two-bedroom FMR rose 1.8%, from $1,700 in FY 2026 to $1,730 in FY 2027. Since FY 2023 it has risen 14.6%.
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