55404
ZIPSAFMR
Hennepin County, MN
BRFMR
Eff. Rent
0 BR$1,150$1,030
1 BR$1,300$1,090
2 BR$1,580$1,500
3 BR$2,090$1,690
4 BR$2,340$2,160
5 BR$2,691
6 BR$3,095
7 BR$3,559
8 BR$4,093

Market Alignment

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

Studio
Studio
1.12ratio
FMR$1,150
Market$1,030
vs market+$120

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

1.12
1 BR
1 BR
1.19ratio
FMR$1,300
Market$1,090
vs market+$210

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

1.19
2 BR
2 BR
1.05ratio
FMR$1,580
Market$1,500
vs market+$80

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

1.05
3 BR
3 BR
1.24ratio
FMR$2,090
Market$1,690
vs market+$400

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

1.24
4 BR
4 BR
1.08ratio
FMR$2,340
Market$2,160
vs market+$180

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

1.08
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
$172,871
Rent
$1,580
Down payment
$34,574
Loan
$138,297
Mortgage
$874
Expenses
$506
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 55404 (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.