FMR is below market; voucher rent may lag private rents.
0.75
1 BR
1 BR- 55066
0.89ratio
FMR$1,000
Market$1,120
vs market-$120
FMR is below market; voucher rent may lag private rents.
0.89
2 BR
2 BR- 55066
0.94ratio
FMR$1,210
Market$1,290
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR- 55066
1.15ratio
FMR$1,670
Market$1,450
vs market+$220
FMR is above market; underwrite to market rent.
1.15
4 BR
4 BR- 55066
1.34ratio
FMR$2,020
Market$1,510
vs market+$510
FMR is above market; underwrite to market rent.
1.34
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
--
Red Wing, MN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Red Wing, MN is $1,210 a month. That is up 5.2% from $1,150 in FY 2026. Red Wing is in the Goodhue 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 $1,172. The median county two-bedroom FMR in Minnesota is $1,048, so Red Wing is 15% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Red Wing, MN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$790
$840
+6.3%
$756–$924
1BR
$950
$1,000
+5.3%
$900–$1,100
2BR
$1,150
$1,210
+5.2%
$1,089–$1,331
3BR
$1,600
$1,670
+4.4%
$1,503–$1,837
4BR
$1,930
$2,020
+4.7%
$1,818–$2,222
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Red Wing, MN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$840
$1,000
$1,210
$1,670
$2,020
FY 2026
$790
$950
$1,150
$1,600
$1,930
FY 2025
$750
$930
$1,100
$1,540
$1,850
FY 2024area FMR
$737
$874
$1,046
$1,474
$1,775
FY 2023area FMR
$693
$783
$921
$1,309
$1,569
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Red Wing, MN rents
How much will Section 8 pay for a two-bedroom in Red Wing, MN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,172, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,055 to $1,289 a month; under the ZIP-level Small Area FMR of $1,210 it would be $1,089 to $1,331. 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 Red Wing, MN in?
Red Wing, MN is in the Goodhue County, MN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,172.
How much did fair market rent change in Red Wing, MN for FY 2027?
The two-bedroom FMR rose 5.2%, from $1,150 in FY 2026 to $1,210 in FY 2027. Since FY 2025 it has risen 10.0%.
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