FY2027 Small Area FMR · Minneapolis, MN

ZIP 55439 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55439 (Minneapolis, MN) is $1,990 a month, up 1.0% from FY2026. That is 15% above the Minneapolis-St. Paul-Bloomington, MN-WI area-wide FMR of $1,734.

2-bedroom SAFMR$1,990per month ▲ 1.0%

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

Rank in the area45thof 246 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,791

2 BR Small Area FMR$1,990

110% of SAFMR$2,189

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

Studio$1,450▲ 1.4%

1 BR$1,640▲ 1.2%

2 BR$1,990▲ 1.0%

3 BR$2,600▼ 0.4%

4 BR$2,910▼ 0.3%

FY2027 FY2026

Where 55439 sits in the Minneapolis-St. Paul-Bloomington, MN-WI area

Of the 246 ZIP codes HUD lists for the area, 55439 has the 45th 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 $1,990 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	$1,450	$1,305 – $1,595	$1,265	$1,430
1 bedroom	$1,640	$1,476 – $1,804	$1,427	$1,620
2 bedrooms	$1,990	$1,791 – $2,189	$1,734	$1,970
3 bedrooms	$2,600	$2,340 – $2,860	$2,264	$2,610
4 bedrooms	$2,910	$2,619 – $3,201	$2,538	$2,920

A household renting a two-bedroom home at the Small Area FMR of $1,990 needs about $79,600 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 55439 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
55435	Minneapolis	1.9 mi	$2,130
55436	Minneapolis	2.0 mi	$2,180
55424	Minneapolis	2.5 mi	$2,290
55344	Eden Prairie	2.8 mi	$2,130
55343	Hopkins	3.4 mi	$1,890
55438	Minneapolis	3.7 mi	$1,870

Questions

What is the Fair Market Rent for ZIP code 55439?

HUD's FY2027 Small Area Fair Market Rents for 55439 are $1,450 (studio), $1,640 (1 BR), $1,990 (2 BR), $2,600 (3 BR) and $2,910 (4 BR) a month.

What is the Section 8 payment standard in 55439?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55439 that range is $1,791 to $2,189 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55439?

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.