55384
ZIPSAFMR
Hennepin County, MN
BRFMR
Eff. Rent
0 BR$1,110$1,110
1 BR$1,260$1,260
2 BR$1,530$1,530
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
0.72ratio
FMR$1,110
Market$1,550
vs market-$440

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

0.72
1 BR
1 BR
0.81ratio
FMR$1,260
Market$1,550
vs market-$290

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

0.81
2 BR
2 BR
0.76ratio
FMR$1,530
Market$2,020
vs market-$490

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

0.76
3 BR
3 BR
0.63ratio
FMR$2,020
Market$3,220
vs market-$1,200

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

0.63
4 BR
4 BR
0.71ratio
FMR$2,270
Market$3,190
vs market-$920

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

0.71
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for 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
$165,441
Rent
$1,530
Down payment
$33,088
Loan
$132,353
Mortgage
$837
Expenses
$493
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 55384 (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.