55359
ZIPSAFMR
Hennepin County, MN
BRFMR
Eff. Rent
0 BR$1,100$1,100
1 BR$1,250$1,250
2 BR$1,520$1,520
3 BR$2,020$2,020
4 BR$2,270$2,270
5 BR$2,611
6 BR$3,002
7 BR$3,452
8 BR$3,970

Market Alignment

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

Studio
Studio
0.87ratio
FMR$1,100
Market$1,260
vs market-$160

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.87
1 BR
1 BR
0.93ratio
FMR$1,250
Market$1,340
vs market-$90

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

0.93
2 BR
2 BR
0.87ratio
FMR$1,520
Market$1,740
vs market-$220

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.87
3 BR
3 BR
0.71ratio
FMR$2,020
Market$2,860
vs market-$840

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.71
4 BR
4 BR
0.79ratio
FMR$2,270
Market$2,890
vs market-$620

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.79
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller 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
$163,955
Rent
$1,520
Down payment
$32,791
Loan
$131,164
Mortgage
$829
Expenses
$491
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 55359 (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.