FY2027 Small Area FMR · Franklin, MN
ZIP 55333 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55333 (Franklin, MN) is $1,170 a month, up 11.4% from FY2026. That is 9% above the Brown County, MN area-wide FMR of $1,071.
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 55333 sits in the Brown County, MN area
Of the 12 ZIP codes HUD lists for the area, 55333 has the 3rd highest two-bedroom Small Area FMR. Brown 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 $1,071 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,170 for this ZIP code instead.
ZIP code 55333 crosses more than one HUD area. HUD also lists it under Redwood County, MN (same figures) and Renville County, MN (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $980 | $882 – $1,078 | $746 | $840 |
| 1 bedroom | $990 | $891 – $1,089 | $819 | $840 |
| 2 bedrooms | $1,170 | $1,053 – $1,287 | $1,071 | $1,050 |
| 3 bedrooms | $1,620 | $1,458 – $1,782 | $1,282 | $1,460 |
| 4 bedrooms | $1,950 | $1,755 – $2,145 | $1,717 | $1,730 |
A household renting a two-bedroom home at the Small Area FMR of $1,170 needs about $46,800 a year to keep housing costs at 30% of income. The area median family income is $95,500 and the 80% low-income limit for four people is $78,400. ZIP code 55333 lies mainly in Renville County, Brown County and Redwood County. See the Brown 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 55333?
HUD's FY2027 Small Area Fair Market Rents for 55333 are $980 (studio), $990 (1 BR), $1,170 (2 BR), $1,620 (3 BR) and $1,950 (4 BR) a month.
What is the Section 8 payment standard in 55333?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55333 that range is $1,053 to $1,287 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 55333?
The FY2026 income limits of the Brown County, MN area apply: median family income $95,500, low-income (80%) limit $78,400 for a family of four.