FY2027 Small Area FMR · Dennison, MN

ZIP 55018 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55018 (Dennison, MN) is $1,650 a month, up 0.6% from FY2026. That is 5% below the Minneapolis-St. Paul-Bloomington, MN-WI area-wide FMR of $1,734.

2-bedroom SAFMR$1,650per month ▲ 0.6%

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

Rank in the area126thof 246 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,485

2 BR Small Area FMR$1,650

110% of SAFMR$1,815

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

Studio$1,160▲ 0.9%

1 BR$1,350▲ 0.7%

2 BR$1,650▲ 0.6%

3 BR$2,250▼ 0.4%

4 BR$2,750■ 0.0%

FY2027 FY2026

Where 55018 sits in the Minneapolis-St. Paul-Bloomington, MN-WI area

Of the 246 ZIP codes HUD lists for the area, 55018 has the 126th 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 $1,650 for this ZIP code instead.

ZIP code 55018 crosses more than one HUD area. HUD also lists it under Goodhue County, MN (same figures) and Rice County, MN (same figures). The figure that applies depends on which side of the line the home is.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,160	$1,044 – $1,276	$1,265	$1,150
1 bedroom	$1,350	$1,215 – $1,485	$1,427	$1,340
2 bedrooms	$1,650	$1,485 – $1,815	$1,734	$1,640
3 bedrooms	$2,250	$2,025 – $2,475	$2,264	$2,260
4 bedrooms	$2,750	$2,475 – $3,025	$2,538	$2,750

A household renting a two-bedroom home at the Small Area FMR of $1,650 needs about $66,000 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 55018 lies mainly in Goodhue County and Rice 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
55053	Nerstrand	6.2 mi	$1,580
55009	Cannon Falls	7.7 mi	$1,540
55065	Randolph	8.9 mi	$1,910
55057	Northfield	9.4 mi	$1,540
55946	Kenyon	10.5 mi	$1,270
55019	Dundas	12.4 mi	$1,760

Questions

What is the Fair Market Rent for ZIP code 55018?

HUD's FY2027 Small Area Fair Market Rents for 55018 are $1,160 (studio), $1,350 (1 BR), $1,650 (2 BR), $2,250 (3 BR) and $2,750 (4 BR) a month.

What is the Section 8 payment standard in 55018?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55018 that range is $1,485 to $1,815 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55018?

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.