55455
ZIPSAFMR
Hennepin County, MN
BRFMR
Eff. Rent
0 BR$1,120$1,080
1 BR$1,270$1,260
2 BR$1,540$1,540
3 BR$2,040$2,030
4 BR$2,280$2,280
5 BR$2,622
6 BR$3,015
7 BR$3,468
8 BR$3,988

Market Alignment

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

Studio
Studio
1.04ratio
FMR$1,120
Market$1,080
vs market+$40

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

1.04
1 BR
1 BR
1.01ratio
FMR$1,270
Market$1,260
vs market+$10

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

1.01
2 BR
2 BR
0.75ratio
FMR$1,540
Market$2,050
vs market-$510

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

0.75
3 BR
3 BR
1.00ratio
FMR$2,040
Market$2,030
vs market+$10

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

1.00
4 BR
4 BR
0.82ratio
FMR$2,280
Market$2,770
vs market-$490

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

0.82
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
$166,927
Rent
$1,540
Down payment
$33,385
Loan
$133,542
Mortgage
$844
Expenses
$496
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 55455 (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.