55906
ZIPSAFMR
Olmsted County, MN
BRFMR
Eff. Rent
0 BR$970$970
1 BR$1,040$1,040
2 BR$1,230$1,230
3 BR$1,710$1,710
4 BR$2,060$2,060
5 BR$2,369
6 BR$2,724
7 BR$3,133
8 BR$3,603

Market Alignment

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

Studio
Studio
0.65ratio
FMR$970
Market$1,490
vs market-$520

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

0.65
1 BR
1 BR
0.80ratio
FMR$1,040
Market$1,300
vs market-$260

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

0.80
2 BR
2 BR
0.85ratio
FMR$1,230
Market$1,440
vs market-$210

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

0.85
3 BR
3 BR
0.85ratio
FMR$1,710
Market$2,020
vs market-$310

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

0.85
4 BR
4 BR
0.83ratio
FMR$2,060
Market$2,470
vs market-$410

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

0.83
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for all bedroom 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
$120,861
Rent
$1,230
Down payment
$24,172
Loan
$96,689
Mortgage
$611
Expenses
$419
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 55906 (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.