FY2027 Small Area FMR · Minneapolis, MN

ZIP 55419 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55419 (Minneapolis, MN) is $1,880 a month, up 2.2% from FY2026. That is 8% above the Minneapolis-St. Paul-Bloomington, MN-WI area-wide FMR of $1,734.

2-bedroom SAFMR$1,880per month ▲ 2.2%

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

Rank in the area67thof 246 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,692

2 BR Small Area FMR$1,880

110% of SAFMR$2,068

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

Studio$1,370▲ 2.2%

1 BR$1,550▲ 2.6%

2 BR$1,880▲ 2.2%

3 BR$2,450▲ 0.4%

4 BR$2,750▲ 1.1%

FY2027 FY2026

Where 55419 sits in the Minneapolis-St. Paul-Bloomington, MN-WI area

Of the 246 ZIP codes HUD lists for the area, 55419 has the 67th 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 $1,880 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	$1,370	$1,233 – $1,507	$1,265	$1,340
1 bedroom	$1,550	$1,395 – $1,705	$1,427	$1,510
2 bedrooms	$1,880	$1,692 – $2,068	$1,734	$1,840
3 bedrooms	$2,450	$2,205 – $2,695	$2,264	$2,440
4 bedrooms	$2,750	$2,475 – $3,025	$2,538	$2,720

A household renting a two-bedroom home at the Small Area FMR of $1,880 needs about $75,200 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 55419 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
55410	Minneapolis	1.6 mi	$2,040
55409	Minneapolis	1.7 mi	$1,650
55423	Minneapolis	2.2 mi	$1,740
55408	Minneapolis	2.4 mi	$1,980
55407	Minneapolis	2.6 mi	$1,560
55424	Minneapolis	2.8 mi	$2,290

Questions

What is the Fair Market Rent for ZIP code 55419?

HUD's FY2027 Small Area Fair Market Rents for 55419 are $1,370 (studio), $1,550 (1 BR), $1,880 (2 BR), $2,450 (3 BR) and $2,750 (4 BR) a month.

What is the Section 8 payment standard in 55419?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55419 that range is $1,692 to $2,068 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55419?

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.