FMR is near market; voucher and private rents are aligned.
1.00
1 BR
1 BR- 56701
1.22ratio
FMR$880
Market$720
vs market+$160
FMR is above market; underwrite to market rent.
1.22
2 BR
2 BR- 56701
1.24ratio
FMR$1,140
Market$920
vs market+$220
FMR is above market; underwrite to market rent.
1.24
3 BR
3 BR- 56701
1.41ratio
FMR$1,560
Market$1,110
vs market+$450
FMR is above market; underwrite to market rent.
1.41
4 BR
4 BR- 56701
1.41ratio
FMR$1,680
Market$1,190
vs market+$490
FMR is above market; underwrite to market rent.
1.41
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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Thief River Falls, MN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Thief River Falls, MN is $1,140 a month. That is up 0.9% from $1,130 in FY 2026. Thief River Falls is in the Pennington 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 $1,142. The median county two-bedroom FMR in Minnesota is $1,048, so Thief River Falls is 9% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Thief River Falls, MN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$780
$800
+2.6%
$720–$880
1BR
$860
$880
+2.3%
$792–$968
2BR
$1,130
$1,140
+0.9%
$1,026–$1,254
3BR
$1,500
$1,560
+4.0%
$1,404–$1,716
4BR
$1,650
$1,680
+1.8%
$1,512–$1,848
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Thief River Falls, MN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$800
$880
$1,140
$1,560
$1,680
FY 2026
$780
$860
$1,130
$1,500
$1,650
FY 2025
$740
$830
$1,080
$1,370
$1,580
FY 2024
$710
$720
$910
$1,280
$1,540
FY 2023area FMR
$629
$714
$940
$1,208
$1,368
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Thief River Falls, MN rents
How much will Section 8 pay for a two-bedroom in Thief River Falls, MN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,142, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,028 to $1,256 a month; under the ZIP-level Small Area FMR of $1,140 it would be $1,026 to $1,254. 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 Thief River Falls, MN in?
Thief River Falls, MN is in the Pennington County, MN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,142.
How much did fair market rent change in Thief River Falls, MN for FY 2027?
The two-bedroom FMR rose 0.9%, from $1,130 in FY 2026 to $1,140 in FY 2027. Since FY 2024 it has risen 25.3%.
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