FMR is below market; voucher rent may lag private rents.
0.79
1 BR
1 BR- 56258
0.81ratio
FMR$880
Market$1,090
vs market-$210
FMR is below market; voucher rent may lag private rents.
0.81
2 BR
2 BR- 56258
0.94ratio
FMR$1,030
Market$1,100
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR- 56258
1.17ratio
FMR$1,430
Market$1,220
vs market+$210
FMR is above market; underwrite to market rent.
1.17
4 BR
4 BR- 56258
1.33ratio
FMR$1,720
Market$1,290
vs market+$430
FMR is above market; underwrite to market rent.
1.33
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
--
Marshall, MN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Marshall, MN is $1,030 a month. That is up 4.0% from $990 in FY 2026. Marshall is in the Lyon County, MN non-metropolitan 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 county-wide two-bedroom FMR of $1,014. The median county two-bedroom FMR in Minnesota is $1,048, so Marshall is 2% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Marshall, MN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$690
$780
+13.0%
$702–$858
1BR
$850
$880
+3.5%
$792–$968
2BR
$990
$1,030
+4.0%
$927–$1,133
3BR
$1,380
$1,430
+3.6%
$1,287–$1,573
4BR
$1,660
$1,720
+3.6%
$1,548–$1,892
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Marshall, MN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$780
$880
$1,030
$1,430
$1,720
FY 2026
$690
$850
$990
$1,380
$1,660
FY 2025
$660
$790
$950
$1,330
$1,600
FY 2024area FMR
$613
$715
$905
$1,275
$1,514
FY 2023area FMR
$590
$628
$826
$1,172
$1,391
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Marshall, MN rents
How much will Section 8 pay for a two-bedroom in Marshall, MN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,030 it would be $927 to $1,133. 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 Marshall, MN in?
Marshall, MN is in the Lyon County, MN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.
How much did fair market rent change in Marshall, MN for FY 2027?
The two-bedroom FMR rose 4.0%, from $990 in FY 2026 to $1,030 in FY 2027. Since FY 2025 it has risen 8.4%.
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