FMR is below market; voucher rent may lag private rents.
0.61
1 BR
1 BR- 55340
0.70ratio
FMR$1,540
Market$2,200
vs market-$660
FMR is below market; voucher rent may lag private rents.
0.70
2 BR
2 BR- 55340
0.88ratio
FMR$1,880
Market$2,140
vs market-$260
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR- 55340
0.90ratio
FMR$2,450
Market$2,720
vs market-$270
FMR is near market; voucher and private rents are aligned.
0.90
4 BR
4 BR- 55340
0.89ratio
FMR$2,750
Market$3,090
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.89
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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Hamel, MN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Hamel, MN is $1,880 a month. That is down 7.8% from $2,040 in FY 2026. Hamel 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 Hamel is 79% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Hamel, MN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,480
$1,370
−7.4%
$1,233–$1,507
1BR
$1,670
$1,540
−7.8%
$1,386–$1,694
2BR
$2,040
$1,880
−7.8%
$1,692–$2,068
3BR
$2,710
$2,450
−9.6%
$2,205–$2,695
4BR
$3,040
$2,750
−9.5%
$2,475–$3,025
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Hamel, MN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,370
$1,540
$1,880
$2,450
$2,750
FY 2026
$1,480
$1,670
$2,040
$2,710
$3,040
FY 2025
$1,640
$1,850
$2,260
$3,010
$3,370
FY 2024
$1,560
$1,770
$2,160
$2,910
$3,300
FY 2023
$1,350
$1,540
$1,890
$2,570
$2,960
Questions about Hamel, MN rents
How much will Section 8 pay for a two-bedroom in Hamel, 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 $1,880 it would be $1,692 to $2,068. 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 Hamel, MN in?
Hamel, 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 Hamel, MN for FY 2027?
The two-bedroom FMR fell 7.8%, from $2,040 in FY 2026 to $1,880 in FY 2027. Since FY 2023 it has fallen 0.5%.
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