FY2027 Small Area FMR · Carver, MN

ZIP 55315 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55315 (Carver, MN) is $1,730 a month, up 1.8% 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 ▲ 1.8%

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$1,260▲ 1.6%

1 BR$1,420▲ 1.4%

2 BR$1,730▲ 1.8%

3 BR$2,260▲ 0.4%

4 BR$2,530▲ 0.4%

FY2027 FY2026

Where 55315 sits in the Minneapolis-St. Paul-Bloomington, MN-WI area

Of the 246 ZIP codes HUD lists for the area, 55315 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.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,260	$1,134 – $1,386	$1,265	$1,240
1 bedroom	$1,420	$1,278 – $1,562	$1,427	$1,400
2 bedrooms	$1,730	$1,557 – $1,903	$1,734	$1,700
3 bedrooms	$2,260	$2,034 – $2,486	$2,264	$2,250
4 bedrooms	$2,530	$2,277 – $2,783	$2,538	$2,520

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 55315 lies mainly in Carver 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
55322	Cologne	6.0 mi	$1,640
55318	Chaska	6.7 mi	$1,790
55352	Jordan	6.7 mi	$1,540
55379	Shakopee	8.9 mi	$1,890
56011	Belle Plaine	9.2 mi	$1,610
55386	Victoria	9.9 mi	$2,600

Questions

What is the Fair Market Rent for ZIP code 55315?

HUD's FY2027 Small Area Fair Market Rents for 55315 are $1,260 (studio), $1,420 (1 BR), $1,730 (2 BR), $2,260 (3 BR) and $2,530 (4 BR) a month.

What is the Section 8 payment standard in 55315?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55315 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 55315?

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.