FY2027 Small Area FMR · Bayport, MN

ZIP 55003 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55003 (Bayport, MN) is $1,610 a month, up 1.3% from FY2026. That is 7% below the Minneapolis-St. Paul-Bloomington, MN-WI area-wide FMR of $1,734.

2-bedroom SAFMR$1,610per month ▲ 1.3%

Area-wide 2 BR FMR$1,734Minneapolis-St. Paul-Bloomin

Rank in the area137thof 246 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,449

2 BR Small Area FMR$1,610

110% of SAFMR$1,771

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,170▲ 0.9%

1 BR$1,330▲ 1.5%

2 BR$1,610▲ 1.3%

3 BR$2,100■ 0.0%

4 BR$2,360▲ 0.4%

FY2027 FY2026

Where 55003 sits in the Minneapolis-St. Paul-Bloomington, MN-WI area

Of the 246 ZIP codes HUD lists for the area, 55003 has the 137th highest two-bedroom Small Area FMR. Minneapolis-St. Paul-Bloomington, MN-WI is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,734 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,610 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,170	$1,053 – $1,287	$1,265	$1,160
1 bedroom	$1,330	$1,197 – $1,463	$1,427	$1,310
2 bedrooms	$1,610	$1,449 – $1,771	$1,734	$1,590
3 bedrooms	$2,100	$1,890 – $2,310	$2,264	$2,100
4 bedrooms	$2,360	$2,124 – $2,596	$2,538	$2,350

A household renting a two-bedroom home at the Small Area FMR of $1,610 needs about $64,400 a year to keep housing costs at 30% of income. The area median family income is $131,500 and the 80% low-income limit for four people is $105,200. ZIP code 55003 lies mainly in Washington County. See the Minneapolis-St. Paul-Bloomington, MN-WI metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
54016	Hudson	4.5 mi	$1,690
54082	Houlton	4.5 mi	$1,570
55043	Lakeland	4.6 mi	$1,880
55082	Stillwater	5.4 mi	$1,700
55042	Lake Elmo	6.5 mi	$1,810
55001	Afton	7.8 mi	$1,770

Questions

What is the Fair Market Rent for ZIP code 55003?

HUD's FY2027 Small Area Fair Market Rents for 55003 are $1,170 (studio), $1,330 (1 BR), $1,610 (2 BR), $2,100 (3 BR) and $2,360 (4 BR) a month.

What is the Section 8 payment standard in 55003?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55003 that range is $1,449 to $1,771 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55003?

The FY2026 income limits of the Minneapolis-St. Paul-Bloomington, MN-WI area apply: median family income $131,500, low-income (80%) limit $105,200 for a family of four.