FY2027 Small Area FMR · Welch, MN

ZIP 55089 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55089 (Welch, MN) is $1,730 a month, up 13.8% from FY2026. That is 0% equal to the Minneapolis-St. Paul-Bloomington, MN-WI area-wide FMR of $1,734.

2-bedroom SAFMR$1,730per month ▲ 13.8%

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

Rank in the area106thof 246 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,557

2 BR Small Area FMR$1,730

110% of SAFMR$1,903

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

Studio$1,210▲ 10.0%

1 BR$1,430▲ 14.4%

2 BR$1,730▲ 13.8%

3 BR$2,360▲ 13.5%

4 BR$2,840▲ 15.0%

FY2027 FY2026

Where 55089 sits in the Minneapolis-St. Paul-Bloomington, MN-WI area

Of the 246 ZIP codes HUD lists for the area, 55089 has the 106th 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 $1,730 for this ZIP code instead.

ZIP code 55089 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	$1,210	$1,089 – $1,331	$1,265	$1,100
1 bedroom	$1,430	$1,287 – $1,573	$1,427	$1,250
2 bedrooms	$1,730	$1,557 – $1,903	$1,734	$1,520
3 bedrooms	$2,360	$2,124 – $2,596	$2,264	$2,080
4 bedrooms	$2,840	$2,556 – $3,124	$2,538	$2,470

A household renting a two-bedroom home at the Small Area FMR of $1,730 needs about $69,200 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 55089 lies mainly in Goodhue County and 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
54014	Hager City	8.5 mi	$1,540
55066	Red Wing	10.0 mi	$1,210
55009	Cannon Falls	10.1 mi	$1,540
54021	Prescott	10.4 mi	$1,540
55033	Hastings	11.5 mi	$1,540
55031	Hampton	12.2 mi	$1,540

Questions

What is the Fair Market Rent for ZIP code 55089?

HUD's FY2027 Small Area Fair Market Rents for 55089 are $1,210 (studio), $1,430 (1 BR), $1,730 (2 BR), $2,360 (3 BR) and $2,840 (4 BR) a month.

What is the Section 8 payment standard in 55089?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55089 that range is $1,557 to $1,903 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55089?

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.