FY2027 Small Area FMR · Saint Paul, MN

ZIP 55129 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55129 (Saint Paul, MN) is $2,310 a month, down 0.4% from FY2026. That is 33% above the Minneapolis-St. Paul-Bloomington, MN-WI area-wide FMR of $1,734.

2-bedroom SAFMR$2,310per month ▼ 0.4%

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

Rank in the area9thof 246 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,079

2 BR Small Area FMR$2,310

110% of SAFMR$2,541

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

Studio$1,690■ 0.0%

1 BR$1,900▼ 0.5%

2 BR$2,310▼ 0.4%

3 BR$3,020▼ 1.6%

4 BR$3,380▼ 1.7%

FY2027 FY2026

Where 55129 sits in the Minneapolis-St. Paul-Bloomington, MN-WI area

Of the 246 ZIP codes HUD lists for the area, 55129 has the 9th 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 $2,310 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	$1,690	$1,521 – $1,859	$1,265	$1,690
1 bedroom	$1,900	$1,710 – $2,090	$1,427	$1,910
2 bedrooms	$2,310	$2,079 – $2,541	$1,734	$2,320
3 bedrooms	$3,020	$2,718 – $3,322	$2,264	$3,070
4 bedrooms	$3,380	$3,042 – $3,718	$2,538	$3,440

A household renting a two-bedroom home at the Small Area FMR of $2,310 needs about $92,400 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 55129 lies mainly in Washington 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
55125	Saint Paul	3.3 mi	$2,220
55001	Afton	3.8 mi	$1,770
55016	Cottage Grove	5.0 mi	$2,080
55055	Newport	5.2 mi	$1,540
55071	Saint Paul Park	6.7 mi	$2,450
55119	Saint Paul	6.7 mi	$1,630

Questions

What is the Fair Market Rent for ZIP code 55129?

HUD's FY2027 Small Area Fair Market Rents for 55129 are $1,690 (studio), $1,900 (1 BR), $2,310 (2 BR), $3,020 (3 BR) and $3,380 (4 BR) a month.

What is the Section 8 payment standard in 55129?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55129 that range is $2,079 to $2,541 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55129?

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.