FY2027 Small Area FMR · Minneapolis, MN

ZIP 55441 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55441 (Minneapolis, MN) is $1,890 a month, up 1.6% from FY2026. That is 9% above the Minneapolis-St. Paul-Bloomington, MN-WI area-wide FMR of $1,734.

2-bedroom SAFMR$1,890per month ▲ 1.6%

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

Rank in the area62ndof 246 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,701

2 BR Small Area FMR$1,890

110% of SAFMR$2,079

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

Studio$1,380▲ 2.2%

1 BR$1,560▲ 2.0%

2 BR$1,890▲ 1.6%

3 BR$2,470▲ 0.4%

4 BR$2,770▲ 0.7%

FY2027 FY2026

Where 55441 sits in the Minneapolis-St. Paul-Bloomington, MN-WI area

Of the 246 ZIP codes HUD lists for the area, 55441 has the 62nd 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 $1,890 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	$1,380	$1,242 – $1,518	$1,265	$1,350
1 bedroom	$1,560	$1,404 – $1,716	$1,427	$1,530
2 bedrooms	$1,890	$1,701 – $2,079	$1,734	$1,860
3 bedrooms	$2,470	$2,223 – $2,717	$2,264	$2,460
4 bedrooms	$2,770	$2,493 – $3,047	$2,538	$2,750

A household renting a two-bedroom home at the Small Area FMR of $1,890 needs about $75,600 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 55441 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
55427	Minneapolis	2.2 mi	$1,780
55305	Hopkins	3.2 mi	$2,130
55442	Minneapolis	3.2 mi	$2,200
55447	Minneapolis	3.2 mi	$2,040
55426	Minneapolis	3.9 mi	$1,830
55422	Minneapolis	4.0 mi	$1,890

Questions

What is the Fair Market Rent for ZIP code 55441?

HUD's FY2027 Small Area Fair Market Rents for 55441 are $1,380 (studio), $1,560 (1 BR), $1,890 (2 BR), $2,470 (3 BR) and $2,770 (4 BR) a month.

What is the Section 8 payment standard in 55441?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55441 that range is $1,701 to $2,079 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55441?

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.