FY2027 Small Area FMR · Burnsville, MN

ZIP 55306 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55306 (Burnsville, MN) is $1,940 a month, up 1.0% from FY2026. That is 12% above the Minneapolis-St. Paul-Bloomington, MN-WI area-wide FMR of $1,734.

2-bedroom SAFMR$1,940per month ▲ 1.0%

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

Rank in the area55thof 246 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,746

2 BR Small Area FMR$1,940

110% of SAFMR$2,134

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

Studio$1,420▲ 1.4%

1 BR$1,600▲ 1.3%

2 BR$1,940▲ 1.0%

3 BR$2,530▼ 0.4%

4 BR$2,840■ 0.0%

FY2027 FY2026

Where 55306 sits in the Minneapolis-St. Paul-Bloomington, MN-WI area

Of the 246 ZIP codes HUD lists for the area, 55306 has the 55th 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 $1,940 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	$1,420	$1,278 – $1,562	$1,265	$1,400
1 bedroom	$1,600	$1,440 – $1,760	$1,427	$1,580
2 bedrooms	$1,940	$1,746 – $2,134	$1,734	$1,920
3 bedrooms	$2,530	$2,277 – $2,783	$2,264	$2,540
4 bedrooms	$2,840	$2,556 – $3,124	$2,538	$2,840

A household renting a two-bedroom home at the Small Area FMR of $1,940 needs about $77,600 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 55306 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
55337	Burnsville	3.4 mi	$1,870
55378	Savage	4.1 mi	$2,030
55124	Saint Paul	4.6 mi	$2,040
55044	Lakeville	6.2 mi	$2,170
55431	Minneapolis	6.5 mi	$2,090
55372	Prior Lake	6.9 mi	$1,750

Questions

What is the Fair Market Rent for ZIP code 55306?

HUD's FY2027 Small Area Fair Market Rents for 55306 are $1,420 (studio), $1,600 (1 BR), $1,940 (2 BR), $2,530 (3 BR) and $2,840 (4 BR) a month.

What is the Section 8 payment standard in 55306?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55306 that range is $1,746 to $2,134 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55306?

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.