FMR is near market; voucher and private rents are aligned.
1.01
1 BR
1 BR- 55049
1.04ratio
FMR$1,080
Market$1,040
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.04
2 BR
2 BR- 55049
1.21ratio
FMR$1,410
Market$1,170
vs market+$240
FMR is above market; underwrite to market rent.
1.21
3 BR
3 BR- 55049
1.43ratio
FMR$1,930
Market$1,350
vs market+$580
FMR is above market; underwrite to market rent.
1.43
4 BR
4 BR- 55049
1.45ratio
FMR$2,060
Market$1,420
vs market+$640
FMR is above market; underwrite to market rent.
1.45
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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Medford, MN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Medford, MN is $1,410 a month. That is up 20.5% from $1,170 in FY 2026. Medford is in the Rice 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 $1,226. The median county two-bedroom FMR in Minnesota is $1,048, so Medford is 35% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Medford, MN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$810
$980
+21.0%
$882–$1,078
1BR
$890
$1,080
+21.3%
$972–$1,188
2BR
$1,170
$1,410
+20.5%
$1,269–$1,551
3BR
$1,590
$1,930
+21.4%
$1,737–$2,123
4BR
$1,860
$2,060
+10.8%
$1,854–$2,266
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Medford, MN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$980
$1,080
$1,410
$1,930
$2,060
FY 2026
$810
$890
$1,170
$1,590
$1,860
FY 2025
$830
$830
$1,090
$1,480
$1,740
FY 2024area FMR
$913
$918
$1,206
$1,634
$1,932
FY 2023area FMR
$795
$815
$1,073
$1,477
$1,688
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Medford, MN rents
How much will Section 8 pay for a two-bedroom in Medford, MN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,226, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,103 to $1,349 a month; under the ZIP-level Small Area FMR of $1,410 it would be $1,269 to $1,551. 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 Medford, MN in?
Medford, MN is in the Rice County, MN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,226.
How much did fair market rent change in Medford, MN for FY 2027?
The two-bedroom FMR rose 20.5%, from $1,170 in FY 2026 to $1,410 in FY 2027. Since FY 2025 it has risen 29.4%.
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