FY2027 Small Area FMR · Inver Grove Heights, MN

ZIP 55077 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55077 (Inver Grove Heights, MN) is $1,800 a month, up 2.3% from FY2026. That is 4% above the Minneapolis-St. Paul-Bloomington, MN-WI area-wide FMR of $1,734.

2-bedroom SAFMR$1,800per month ▲ 2.3%

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

Rank in the area81stof 246 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,620

2 BR Small Area FMR$1,800

110% of SAFMR$1,980

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

Studio$1,310▲ 2.3%

1 BR$1,480▲ 2.1%

2 BR$1,800▲ 2.3%

3 BR$2,350▲ 0.9%

4 BR$2,630▲ 0.8%

FY2027 FY2026

Where 55077 sits in the Minneapolis-St. Paul-Bloomington, MN-WI area

Of the 246 ZIP codes HUD lists for the area, 55077 has the 81st 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 $1,800 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	$1,310	$1,179 – $1,441	$1,265	$1,280
1 bedroom	$1,480	$1,332 – $1,628	$1,427	$1,450
2 bedrooms	$1,800	$1,620 – $1,980	$1,734	$1,760
3 bedrooms	$2,350	$2,115 – $2,585	$2,264	$2,330
4 bedrooms	$2,630	$2,367 – $2,893	$2,538	$2,610

A household renting a two-bedroom home at the Small Area FMR of $1,800 needs about $72,000 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 55077 lies mainly in Dakota 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
55076	Inver Grove Heights	2.2 mi	$1,650
55071	Saint Paul Park	3.3 mi	$2,450
55123	Saint Paul	3.6 mi	$1,920
55121	Saint Paul	4.9 mi	$1,960
55075	South Saint Paul	5.2 mi	$1,540
55055	Newport	5.2 mi	$1,540

Questions

What is the Fair Market Rent for ZIP code 55077?

HUD's FY2027 Small Area Fair Market Rents for 55077 are $1,310 (studio), $1,480 (1 BR), $1,800 (2 BR), $2,350 (3 BR) and $2,630 (4 BR) a month.

What is the Section 8 payment standard in 55077?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55077 that range is $1,620 to $1,980 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55077?

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.