FMR is near market; voucher and private rents are aligned.
0.90
1 BR
1 BR- 56387
0.88ratio
FMR$1,000
Market$1,140
vs market-$140
FMR is below market; voucher rent may lag private rents.
0.88
2 BR
2 BR- 56387
0.85ratio
FMR$1,280
Market$1,510
vs market-$230
FMR is below market; voucher rent may lag private rents.
0.85
3 BR
3 BR- 56387
1.10ratio
FMR$1,720
Market$1,570
vs market+$150
FMR is near market; voucher and private rents are aligned.
1.10
4 BR
4 BR- 56387
1.13ratio
FMR$2,040
Market$1,810
vs market+$230
FMR is above market; underwrite to market rent.
1.13
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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Waite Park, MN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Waite Park, MN is $1,280 a month. That is up 2.4% from $1,250 in FY 2026. Waite Park 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 Waite Park is 22% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Waite Park, MN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$910
$920
+1.1%
$828–$1,012
1BR
$950
$1,000
+5.3%
$900–$1,100
2BR
$1,250
$1,280
+2.4%
$1,152–$1,408
3BR
$1,660
$1,720
+3.6%
$1,548–$1,892
4BR
$1,940
$2,040
+5.2%
$1,836–$2,244
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Waite Park, MN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$920
$1,000
$1,280
$1,720
$2,040
FY 2026
$910
$950
$1,250
$1,660
$1,940
FY 2025
$890
$920
$1,200
$1,570
$1,870
FY 2024
$900
$930
$1,190
$1,580
$1,880
FY 2023
$780
$800
$1,000
$1,350
$1,600
Questions about Waite Park, MN rents
How much will Section 8 pay for a two-bedroom in Waite Park, MN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,233, 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 $1,280 it would be $1,152 to $1,408. 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 Waite Park, MN in?
Waite Park, 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 Waite Park, MN for FY 2027?
The two-bedroom FMR rose 2.4%, from $1,250 in FY 2026 to $1,280 in FY 2027. Since FY 2023 it has risen 28.0%.
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