FY2027 Small Area FMR · Randolph, MN

ZIP 55065 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55065 (Randolph, MN) is $1,910 a month, up 1.6% from FY2026. That is 10% above the Minneapolis-St. Paul-Bloomington, MN-WI area-wide FMR of $1,734.

2-bedroom SAFMR$1,910per month ▲ 1.6%

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

Rank in the area59thof 246 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,719

2 BR Small Area FMR$1,910

110% of SAFMR$2,101

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

Studio$1,390▲ 1.5%

1 BR$1,570▲ 1.3%

2 BR$1,910▲ 1.6%

3 BR$2,490■ 0.0%

4 BR$2,800■ 0.0%

FY2027 FY2026

Where 55065 sits in the Minneapolis-St. Paul-Bloomington, MN-WI area

Of the 246 ZIP codes HUD lists for the area, 55065 has the 59th 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 $1,910 for this ZIP code instead.

ZIP code 55065 crosses more than one HUD area. HUD also lists it under Goodhue 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	$1,390	$1,251 – $1,529	$1,265	$1,370
1 bedroom	$1,570	$1,413 – $1,727	$1,427	$1,550
2 bedrooms	$1,910	$1,719 – $2,101	$1,734	$1,880
3 bedrooms	$2,490	$2,241 – $2,739	$2,264	$2,490
4 bedrooms	$2,800	$2,520 – $3,080	$2,538	$2,800

A household renting a two-bedroom home at the Small Area FMR of $1,910 needs about $76,400 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 55065 lies mainly in Dakota County and Goodhue 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
55031	Hampton	5.3 mi	$1,540
55024	Farmington	7.2 mi	$1,740
55085	Vermillion	8.8 mi	$1,540
55018	Dennison	8.9 mi	$1,650
55009	Cannon Falls	9.1 mi	$1,540
55057	Northfield	9.3 mi	$1,540

Questions

What is the Fair Market Rent for ZIP code 55065?

HUD's FY2027 Small Area Fair Market Rents for 55065 are $1,390 (studio), $1,570 (1 BR), $1,910 (2 BR), $2,490 (3 BR) and $2,800 (4 BR) a month.

What is the Section 8 payment standard in 55065?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55065 that range is $1,719 to $2,101 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55065?

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.