FY2027 Small Area FMR · Savage, MN

ZIP 55378 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55378 (Savage, MN) is $2,030 a month, down 0.5% from FY2026. That is 17% above the Minneapolis-St. Paul-Bloomington, MN-WI area-wide FMR of $1,734.

2-bedroom SAFMR$2,030per month ▼ 0.5%

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

Rank in the area41stof 246 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,827

2 BR Small Area FMR$2,030

110% of SAFMR$2,233

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

Studio$1,480■ 0.0%

1 BR$1,670▼ 0.6%

2 BR$2,030▼ 0.5%

3 BR$2,650▼ 1.9%

4 BR$2,970▼ 1.7%

FY2027 FY2026

Where 55378 sits in the Minneapolis-St. Paul-Bloomington, MN-WI area

Of the 246 ZIP codes HUD lists for the area, 55378 has the 41st 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 $2,030 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	$1,480	$1,332 – $1,628	$1,265	$1,480
1 bedroom	$1,670	$1,503 – $1,837	$1,427	$1,680
2 bedrooms	$2,030	$1,827 – $2,233	$1,734	$2,040
3 bedrooms	$2,650	$2,385 – $2,915	$2,264	$2,700
4 bedrooms	$2,970	$2,673 – $3,267	$2,538	$3,020

A household renting a two-bedroom home at the Small Area FMR of $2,030 needs about $81,200 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 55378 lies mainly in Scott 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
55306	Burnsville	4.1 mi	$1,940
55438	Minneapolis	4.6 mi	$1,870
55437	Minneapolis	4.6 mi	$1,940
55337	Burnsville	4.7 mi	$1,870
55431	Minneapolis	5.2 mi	$2,090
55372	Prior Lake	5.8 mi	$1,750

Questions

What is the Fair Market Rent for ZIP code 55378?

HUD's FY2027 Small Area Fair Market Rents for 55378 are $1,480 (studio), $1,670 (1 BR), $2,030 (2 BR), $2,650 (3 BR) and $2,970 (4 BR) a month.

What is the Section 8 payment standard in 55378?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55378 that range is $1,827 to $2,233 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55378?

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.