FY2027 Small Area FMR · Long Lake, MN

ZIP 55356 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55356 (Long Lake, MN) is $2,220 a month, up 1.4% from FY2026. That is 28% above the Minneapolis-St. Paul-Bloomington, MN-WI area-wide FMR of $1,734.

2-bedroom SAFMR$2,220per month ▲ 1.4%

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

Rank in the area16thof 246 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,998

2 BR Small Area FMR$2,220

110% of SAFMR$2,442

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

Studio$1,620▲ 1.9%

1 BR$1,830▲ 1.7%

2 BR$2,220▲ 1.4%

3 BR$2,900■ 0.0%

4 BR$3,250▲ 0.3%

FY2027 FY2026

Where 55356 sits in the Minneapolis-St. Paul-Bloomington, MN-WI area

Of the 246 ZIP codes HUD lists for the area, 55356 has the 16th 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 $2,220 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	$1,620	$1,458 – $1,782	$1,265	$1,590
1 bedroom	$1,830	$1,647 – $2,013	$1,427	$1,800
2 bedrooms	$2,220	$1,998 – $2,442	$1,734	$2,190
3 bedrooms	$2,900	$2,610 – $3,190	$2,264	$2,900
4 bedrooms	$3,250	$2,925 – $3,575	$2,538	$3,240

A household renting a two-bedroom home at the Small Area FMR of $2,220 needs about $88,800 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 55356 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
55391	Wayzata	3.6 mi	$1,960
55384	Spring Park	4.5 mi	$1,540
55447	Minneapolis	4.9 mi	$2,040
55359	Maple Plain	5.1 mi	$1,540
55446	Minneapolis	5.8 mi	$2,290
55364	Mound	5.8 mi	$1,580

Questions

What is the Fair Market Rent for ZIP code 55356?

HUD's FY2027 Small Area Fair Market Rents for 55356 are $1,620 (studio), $1,830 (1 BR), $2,220 (2 BR), $2,900 (3 BR) and $3,250 (4 BR) a month.

What is the Section 8 payment standard in 55356?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55356 that range is $1,998 to $2,442 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55356?

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.