FY2027 Small Area FMR · Eden Prairie, MN

ZIP 55346 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55346 (Eden Prairie, MN) is $2,270 a month, up 0.4% from FY2026. That is 31% above the Minneapolis-St. Paul-Bloomington, MN-WI area-wide FMR of $1,734.

2-bedroom SAFMR$2,270per month ▲ 0.4%

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

Rank in the area13thof 246 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,043

2 BR Small Area FMR$2,270

110% of SAFMR$2,497

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

Studio$1,660▲ 1.2%

1 BR$1,870▲ 0.5%

2 BR$2,270▲ 0.4%

3 BR$2,960▼ 1.0%

4 BR$3,320▼ 0.9%

FY2027 FY2026

Where 55346 sits in the Minneapolis-St. Paul-Bloomington, MN-WI area

Of the 246 ZIP codes HUD lists for the area, 55346 has the 13th 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 $2,270 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	$1,660	$1,494 – $1,826	$1,265	$1,640
1 bedroom	$1,870	$1,683 – $2,057	$1,427	$1,860
2 bedrooms	$2,270	$2,043 – $2,497	$1,734	$2,260
3 bedrooms	$2,960	$2,664 – $3,256	$2,264	$2,990
4 bedrooms	$3,320	$2,988 – $3,652	$2,538	$3,350

A household renting a two-bedroom home at the Small Area FMR of $2,270 needs about $90,800 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 55346 lies mainly in Hennepin 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
55345	Minnetonka	2.4 mi	$1,910
55344	Eden Prairie	2.8 mi	$2,130
55317	Chanhassen	3.7 mi	$2,140
55347	Eden Prairie	3.8 mi	$2,390
55343	Hopkins	4.0 mi	$1,890
55439	Minneapolis	5.3 mi	$1,990

Questions

What is the Fair Market Rent for ZIP code 55346?

HUD's FY2027 Small Area Fair Market Rents for 55346 are $1,660 (studio), $1,870 (1 BR), $2,270 (2 BR), $2,960 (3 BR) and $3,320 (4 BR) a month.

What is the Section 8 payment standard in 55346?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55346 that range is $2,043 to $2,497 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55346?

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.