55417
ZIPSAFMR
Hennepin County, MN
BRFMR
Eff. Rent
0 BR$1,230$1,230
1 BR$1,390$1,390
2 BR$1,690$1,690
3 BR$2,240$2,200
4 BR$2,500$2,500
5 BR$2,875
6 BR$3,306
7 BR$3,802
8 BR$4,373

Market Alignment

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

Studio
Studio
0.88ratio
FMR$1,230
Market$1,390
vs market-$160

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

0.88
1 BR
1 BR
0.95ratio
FMR$1,390
Market$1,460
vs market-$70

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

0.95
2 BR
2 BR
0.94ratio
FMR$1,690
Market$1,790
vs market-$100

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

0.94
3 BR
3 BR
1.02ratio
FMR$2,240
Market$2,200
vs market+$40

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

1.02
4 BR
4 BR
0.89ratio
FMR$2,500
Market$2,800
vs market-$300

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

0.89
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
$189,217
Rent
$1,690
Down payment
$37,843
Loan
$151,373
Mortgage
$957
Expenses
$533
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 55417 (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.