FY2027 Small Area FMR · Minneapolis, MN

ZIP 55425 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55425 (Minneapolis, MN) is $1,840 a month, up 2.8% from FY2026. That is 6% above the Minneapolis-St. Paul-Bloomington, MN-WI area-wide FMR of $1,734.

2-bedroom SAFMR$1,840per month ▲ 2.8%

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

Rank in the area75thof 246 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,656

2 BR Small Area FMR$1,840

110% of SAFMR$2,024

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

Studio$1,340▲ 3.1%

1 BR$1,510▲ 2.7%

2 BR$1,840▲ 2.8%

3 BR$2,400▲ 1.3%

4 BR$2,690▲ 1.5%

FY2027 FY2026

Where 55425 sits in the Minneapolis-St. Paul-Bloomington, MN-WI area

Of the 246 ZIP codes HUD lists for the area, 55425 has the 75th 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 $1,840 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	$1,340	$1,206 – $1,474	$1,265	$1,300
1 bedroom	$1,510	$1,359 – $1,661	$1,427	$1,470
2 bedrooms	$1,840	$1,656 – $2,024	$1,734	$1,790
3 bedrooms	$2,400	$2,160 – $2,640	$2,264	$2,370
4 bedrooms	$2,690	$2,421 – $2,959	$2,538	$2,650

A household renting a two-bedroom home at the Small Area FMR of $1,840 needs about $73,600 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 55425 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
55450	Minneapolis	1.5 mi	$1,600
55111	Saint Paul	2.4 mi	$1,540
55420	Minneapolis	2.7 mi	$1,590
55423	Minneapolis	3.2 mi	$1,740
55122	Saint Paul	3.4 mi	$1,840
55121	Saint Paul	3.5 mi	$1,960

Questions

What is the Fair Market Rent for ZIP code 55425?

HUD's FY2027 Small Area Fair Market Rents for 55425 are $1,340 (studio), $1,510 (1 BR), $1,840 (2 BR), $2,400 (3 BR) and $2,690 (4 BR) a month.

What is the Section 8 payment standard in 55425?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55425 that range is $1,656 to $2,024 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55425?

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.