55416
ZIPSAFMR
Hennepin County, MN
BRFMR
Eff. Rent
0 BR$1,570$1,380
1 BR$1,780$1,650
2 BR$2,160$2,160
3 BR$2,860$2,440
4 BR$3,200$2,780
5 BR$3,680
6 BR$4,232
7 BR$4,867
8 BR$5,597

Market Alignment

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

Studio
Studio
1.14ratio
FMR$1,570
Market$1,380
vs market+$190

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

1.14
1 BR
1 BR
1.08ratio
FMR$1,780
Market$1,650
vs market+$130

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

1.08
2 BR
2 BR
0.96ratio
FMR$2,160
Market$2,250
vs market-$90

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

0.96
3 BR
3 BR
1.17ratio
FMR$2,860
Market$2,440
vs market+$420

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

1.17
4 BR
4 BR
1.15ratio
FMR$3,200
Market$2,780
vs market+$420

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

1.15
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
$259,059
Rent
$2,160
Down payment
$51,812
Loan
$207,247
Mortgage
$1,310
Expenses
$650
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 55416 (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.