56701
ZIPSAFMR
Pennington County, MN
BRFMR
Eff. Rent
0 BR$780$780
1 BR$860$720
2 BR$1,130$920
3 BR$1,500$1,110
4 BR$1,650$1,190
5 BR$1,897
6 BR$2,182
7 BR$2,509
8 BR$2,886

Market Alignment

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

Studio
Studio
0.97ratio
FMR$780
Market$800
vs market-$20

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

0.97
1 BR
1 BR
1.19ratio
FMR$860
Market$720
vs market+$140

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

1.19
2 BR
2 BR
1.23ratio
FMR$1,130
Market$920
vs market+$210

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

1.23
3 BR
3 BR
1.35ratio
FMR$1,500
Market$1,110
vs market+$390

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

1.35
4 BR
4 BR
1.39ratio
FMR$1,650
Market$1,190
vs market+$460

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

1.39
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
$106,001
Rent
$1,130
Down payment
$21,200
Loan
$84,801
Mortgage
$536
Expenses
$394
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 56701 (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.