FMR is below market; voucher rent may lag private rents.
0.82
1 BR
1 BR- 56374
1.06ratio
FMR$1,040
Market$980
vs market+$60
FMR is near market; voucher and private rents are aligned.
1.06
2 BR
2 BR- 56374
0.93ratio
FMR$1,340
Market$1,440
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.93
3 BR
3 BR- 56374
1.12ratio
FMR$1,800
Market$1,610
vs market+$190
FMR is above market; underwrite to market rent.
1.12
4 BR
4 BR- 56374
1.24ratio
FMR$2,130
Market$1,720
vs market+$410
FMR is above market; underwrite to market rent.
1.24
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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Saint Joseph, MN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Saint Joseph, MN is $1,340 a month. That is up 3.9% from $1,290 in FY 2026. Saint Joseph is in the St. Cloud, MN MSA. 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 $1,233. The median county two-bedroom FMR in Minnesota is $1,048, so Saint Joseph is 28% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Saint Joseph, MN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$940
$960
+2.1%
$864–$1,056
1BR
$980
$1,040
+6.1%
$936–$1,144
2BR
$1,290
$1,340
+3.9%
$1,206–$1,474
3BR
$1,720
$1,800
+4.7%
$1,620–$1,980
4BR
$2,000
$2,130
+6.5%
$1,917–$2,343
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Saint Joseph, MN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$960
$1,040
$1,340
$1,800
$2,130
FY 2026
$940
$980
$1,290
$1,720
$2,000
FY 2025
$890
$920
$1,200
$1,570
$1,870
FY 2024
$870
$890
$1,140
$1,510
$1,800
FY 2023
$720
$750
$930
$1,250
$1,490
Questions about Saint Joseph, MN rents
How much will Section 8 pay for a two-bedroom in Saint Joseph, MN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,233, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,110 to $1,356 a month; under the ZIP-level Small Area FMR of $1,340 it would be $1,206 to $1,474. 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 Saint Joseph, MN in?
Saint Joseph, MN is in the St. Cloud, MN MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,233.
How much did fair market rent change in Saint Joseph, MN for FY 2027?
The two-bedroom FMR rose 3.9%, from $1,290 in FY 2026 to $1,340 in FY 2027. Since FY 2023 it has risen 44.1%.
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