FMR is below market; voucher rent may lag private rents.
0.72
1 BR
1 BR- 55384
0.82ratio
FMR$1,270
Market$1,550
vs market-$280
FMR is below market; voucher rent may lag private rents.
0.82
2 BR
2 BR- 55384
0.76ratio
FMR$1,540
Market$2,020
vs market-$480
FMR is below market; voucher rent may lag private rents.
0.76
3 BR
3 BR- 55384
0.63ratio
FMR$2,040
Market$3,220
vs market-$1,180
FMR is below market; voucher rent may lag private rents.
0.63
4 BR
4 BR- 55384
0.71ratio
FMR$2,280
Market$3,190
vs market-$910
FMR is below market; voucher rent may lag private rents.
0.71
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
--
Spring Park, MN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Spring Park, MN is $1,540 a month. That is up 0.7% from $1,530 in FY 2026. Spring Park 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 Spring Park is 47% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Spring Park, MN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,110
$1,120
+0.9%
$1,008–$1,232
1BR
$1,260
$1,270
+0.8%
$1,143–$1,397
2BR
$1,530
$1,540
+0.7%
$1,386–$1,694
3BR
$2,020
$2,040
+1.0%
$1,836–$2,244
4BR
$2,270
$2,280
+0.4%
$2,052–$2,508
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Spring Park, MN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,120
$1,270
$1,540
$2,040
$2,280
FY 2026
$1,110
$1,260
$1,530
$2,020
$2,270
FY 2025
$1,120
$1,270
$1,550
$2,060
$2,310
FY 2024
$1,110
$1,250
$1,530
$2,060
$2,340
FY 2023
$970
$1,110
$1,360
$1,850
$2,130
Questions about Spring Park, MN rents
How much will Section 8 pay for a two-bedroom in Spring Park, 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 $1,540 it would be $1,386 to $1,694. 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 Spring Park, MN in?
Spring Park, 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 Spring Park, MN for FY 2027?
The two-bedroom FMR rose 0.7%, from $1,530 in FY 2026 to $1,540 in FY 2027. Since FY 2023 it has risen 13.2%.
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