FY2027 Small Area FMR · Warsaw, MN
ZIP 55087 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55087 (Warsaw, MN) is $1,280 a month, up 5.8% from FY2026. That is 4% above the Rice County, MN area-wide FMR of $1,226.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 55087 sits in the Rice County, MN area
Of the 17 ZIP codes HUD lists for the area, 55087 has the 12th highest two-bedroom Small Area FMR. Rice County, MN 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 $1,226 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,280 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $970 | $873 – $1,067 | $931 | $910 |
| 1 bedroom | $980 | $882 – $1,078 | $937 | $920 |
| 2 bedrooms | $1,280 | $1,152 – $1,408 | $1,226 | $1,210 |
| 3 bedrooms | $1,700 | $1,530 – $1,870 | $1,621 | $1,570 |
| 4 bedrooms | $2,140 | $1,926 – $2,354 | $2,049 | $2,020 |
A household renting a two-bedroom home at the Small Area FMR of $1,280 needs about $51,200 a year to keep housing costs at 30% of income. The area median family income is $108,400 and the 80% low-income limit for four people is $86,700. ZIP code 55087 lies mainly in Rice County. See the Rice County, MN county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 55087?
HUD's FY2027 Small Area Fair Market Rents for 55087 are $970 (studio), $980 (1 BR), $1,280 (2 BR), $1,700 (3 BR) and $2,140 (4 BR) a month.
What is the Section 8 payment standard in 55087?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55087 that range is $1,152 to $1,408 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 55087?
The FY2026 income limits of the Rice County, MN area apply: median family income $108,400, low-income (80%) limit $86,700 for a family of four.