55347
ZIPSAFMR
Hennepin County, MN
BRFMR
Eff. Rent
0 BR$1,720$1,400
1 BR$1,950$1,540
2 BR$2,370$1,760
3 BR$3,140$2,370
4 BR$3,510$3,130
5 BR$4,036
6 BR$4,642
7 BR$5,338
8 BR$6,139

Market Alignment

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

Studio
Studio
1.23ratio
FMR$1,720
Market$1,400
vs market+$320

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

1.23
1 BR
1 BR
1.27ratio
FMR$1,950
Market$1,540
vs market+$410

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

1.27
2 BR
2 BR
1.35ratio
FMR$2,370
Market$1,760
vs market+$610

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

1.35
3 BR
3 BR
1.32ratio
FMR$3,140
Market$2,370
vs market+$770

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

1.32
4 BR
4 BR
1.12ratio
FMR$3,510
Market$3,130
vs market+$380

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

1.12
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents across all bedroom 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
$290,265
Rent
$2,370
Down payment
$58,053
Loan
$232,212
Mortgage
$1,468
Expenses
$702
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 55347 (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.