Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 56333 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 56333 (Gilman, MN) is $1,130 a month. That is up 2.7% from $1,100 in FY 2026. Gilman is in the St. Cloud, MN MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,233. Among 12 ZIP codes in Benton County, 56333 has the 11th-highest two-bedroom rent (county range $1,090–$1,540). The median county two-bedroom FMR in Minnesota is $1,048, so ZIP 56333 is 8% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 56333
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$800
$810
+1.3%
$729–$891
1BR
$840
$880
+4.8%
$792–$968
2BR
$1,100
$1,130
+2.7%
$1,017–$1,243
3BR
$1,460
$1,520
+4.1%
$1,368–$1,672
4BR
$1,710
$1,800
+5.3%
$1,620–$1,980
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 56333
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$810
$880
$1,130
$1,520
$1,800
FY 2026
$800
$840
$1,100
$1,460
$1,710
FY 2025
$800
$820
$1,070
$1,400
$1,670
FY 2024
$800
$830
$1,060
$1,400
$1,670
FY 2023
$700
$720
$900
$1,210
$1,440
Two-bedroom rent in nearby Benton County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 56333?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,233, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,110 to $1,356 a month; under the ZIP-level Small Area FMR of $1,130 it would be $1,017 to $1,243. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is ZIP 56333 in?
ZIP 56333 is in the St. Cloud, MN MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,233.
How much did fair market rent change in ZIP 56333 for FY 2027?
The two-bedroom FMR rose 2.7%, from $1,100 in FY 2026 to $1,130 in FY 2027. Since FY 2023 it has risen 25.6%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set