FY2027 Small Area FMR · Minneapolis, MN

ZIP 55436 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55436 (Minneapolis, MN) is $2,180 a month, up 3.8% from FY2026. That is 26% above the Minneapolis-St. Paul-Bloomington, MN-WI area-wide FMR of $1,734.

2-bedroom SAFMR$2,180per month ▲ 3.8%

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

Rank in the area19thof 246 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,962

2 BR Small Area FMR$2,180

110% of SAFMR$2,398

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

Studio$1,590▲ 3.9%

1 BR$1,790▲ 3.5%

2 BR$2,180▲ 3.8%

3 BR$2,850▲ 2.5%

4 BR$3,190▲ 2.6%

FY2027 FY2026

Where 55436 sits in the Minneapolis-St. Paul-Bloomington, MN-WI area

Of the 246 ZIP codes HUD lists for the area, 55436 has the 19th 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 $2,180 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	$1,590	$1,431 – $1,749	$1,265	$1,530
1 bedroom	$1,790	$1,611 – $1,969	$1,427	$1,730
2 bedrooms	$2,180	$1,962 – $2,398	$1,734	$2,100
3 bedrooms	$2,850	$2,565 – $3,135	$2,264	$2,780
4 bedrooms	$3,190	$2,871 – $3,509	$2,538	$3,110

A household renting a two-bedroom home at the Small Area FMR of $2,180 needs about $87,200 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 55436 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
55424	Minneapolis	1.4 mi	$2,290
55439	Minneapolis	2.0 mi	$1,990
55343	Hopkins	2.2 mi	$1,890
55410	Minneapolis	2.7 mi	$2,040
55435	Minneapolis	2.8 mi	$2,130
55416	Minneapolis	3.7 mi	$2,280

Questions

What is the Fair Market Rent for ZIP code 55436?

HUD's FY2027 Small Area Fair Market Rents for 55436 are $1,590 (studio), $1,790 (1 BR), $2,180 (2 BR), $2,850 (3 BR) and $3,190 (4 BR) a month.

What is the Section 8 payment standard in 55436?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55436 that range is $1,962 to $2,398 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55436?

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.