55344
ZIPSAFMR
Hennepin County, MN
BRFMR
Eff. Rent
0 BR$1,510$1,420
1 BR$1,710$1,590
2 BR$2,080$1,900
3 BR$2,750$2,400
4 BR$3,080$3,080
5 BR$3,542
6 BR$4,073
7 BR$4,684
8 BR$5,387

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio
1.06ratio
FMR$1,510
Market$1,420
vs market+$90

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1.06
1 BR
1 BR
1.08ratio
FMR$1,710
Market$1,590
vs market+$120

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1.08
2 BR
2 BR
1.09ratio
FMR$2,080
Market$1,900
vs market+$180

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1.09
3 BR
3 BR
1.15ratio
FMR$2,750
Market$2,400
vs market+$350

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.15
4 BR
4 BR
0.95ratio
FMR$3,080
Market$3,230
vs market-$150

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.95
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$247,171
Rent
$2,080
Down payment
$49,434
Loan
$197,737
Mortgage
$1,250
Expenses
$630
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 55344 (MN) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.