55418
ZIPSAFMR
Hennepin County, MN
BRFMR
Eff. Rent
0 BR$1,250$1,110
1 BR$1,410$1,410
2 BR$1,720$1,720
3 BR$2,280$2,280
4 BR$2,550$2,550
5 BR$2,933
6 BR$3,372
7 BR$3,878
8 BR$4,460

Market Alignment

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

Studio
Studio
1.13ratio
FMR$1,250
Market$1,110
vs market+$140

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

1.13
1 BR
1 BR
0.97ratio
FMR$1,410
Market$1,460
vs market-$50

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

0.97
2 BR
2 BR
0.99ratio
FMR$1,720
Market$1,740
vs market-$20

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

0.99
3 BR
3 BR
0.93ratio
FMR$2,280
Market$2,460
vs market-$180

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

0.93
4 BR
4 BR
0.94ratio
FMR$2,550
Market$2,720
vs market-$170

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

0.94
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
$193,675
Rent
$1,720
Down payment
$38,735
Loan
$154,940
Mortgage
$979
Expenses
$541
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 55418 (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.