55346
ZIPSAFMR
Hennepin County, MN
BRFMR
Eff. Rent
0 BR$1,640$1,420
1 BR$1,860$1,570
2 BR$2,260$1,880
3 BR$2,990$2,400
4 BR$3,350$3,060
5 BR$3,852
6 BR$4,430
7 BR$5,095
8 BR$5,859

Market Alignment

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

Studio
Studio
1.15ratio
FMR$1,640
Market$1,420
vs market+$220

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

1.15
1 BR
1 BR
1.18ratio
FMR$1,860
Market$1,570
vs market+$290

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

1.18
2 BR
2 BR
1.20ratio
FMR$2,260
Market$1,880
vs market+$380

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

1.20
3 BR
3 BR
1.25ratio
FMR$2,990
Market$2,400
vs market+$590

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

1.25
4 BR
4 BR
1.09ratio
FMR$3,350
Market$3,060
vs market+$290

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

1.09
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
$273,919
Rent
$2,260
Down payment
$54,784
Loan
$219,135
Mortgage
$1,385
Expenses
$675
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 55346 (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.