55401
ZIPSAFMR
Hennepin County, MN
BRFMR
Eff. Rent
0 BR$1,860$1,630
1 BR$2,100$1,990
2 BR$2,560$2,560
3 BR$3,390$3,390
4 BR$3,790$3,790
5 BR$4,359
6 BR$5,012
7 BR$5,764
8 BR$6,629

Market Alignment

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

Studio
Studio
1.14ratio
FMR$1,860
Market$1,630
vs market+$230

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

1.14
1 BR
1 BR
1.06ratio
FMR$2,100
Market$1,990
vs market+$110

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

1.06
2 BR
2 BR
0.80ratio
FMR$2,560
Market$3,190
vs market-$630

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

0.80
3 BR
3 BR
0.79ratio
FMR$3,390
Market$4,270
vs market-$880

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

0.79
4 BR
4 BR
0.97ratio
FMR$3,790
Market$3,890
vs market-$100

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

0.97
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$318,498
Rent
$2,560
Down payment
$63,700
Loan
$254,799
Mortgage
$1,611
Expenses
$749
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 55401 (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.