FY2027 Small Area FMR · Minneapolis, MN

ZIP 55443 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55443 (Minneapolis, MN) is $1,570 a month, unchanged from FY2026. That is 9% below the Minneapolis-St. Paul-Bloomington, MN-WI area-wide FMR of $1,734.

2-bedroom SAFMR$1,570per month ■ 0.0%

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

Rank in the area150thof 246 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,413

2 BR Small Area FMR$1,570

110% of SAFMR$1,727

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

Studio$1,150▲ 0.9%

1 BR$1,290■ 0.0%

2 BR$1,570■ 0.0%

3 BR$2,050▼ 1.4%

4 BR$2,300▼ 1.3%

FY2027 FY2026

Where 55443 sits in the Minneapolis-St. Paul-Bloomington, MN-WI area

Of the 246 ZIP codes HUD lists for the area, 55443 has the 150th 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 $1,570 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	$1,150	$1,035 – $1,265	$1,265	$1,140
1 bedroom	$1,290	$1,161 – $1,419	$1,427	$1,290
2 bedrooms	$1,570	$1,413 – $1,727	$1,734	$1,570
3 bedrooms	$2,050	$1,845 – $2,255	$2,264	$2,080
4 bedrooms	$2,300	$2,070 – $2,530	$2,538	$2,330

A household renting a two-bedroom home at the Small Area FMR of $1,570 needs about $62,800 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 55443 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
55444	Minneapolis	2.0 mi	$1,740
55445	Minneapolis	2.0 mi	$2,500
55433	Minneapolis	3.2 mi	$1,710
55429	Minneapolis	3.7 mi	$1,540
55430	Minneapolis	3.9 mi	$1,660
55428	Minneapolis	4.3 mi	$1,580

Questions

What is the Fair Market Rent for ZIP code 55443?

HUD's FY2027 Small Area Fair Market Rents for 55443 are $1,150 (studio), $1,290 (1 BR), $1,570 (2 BR), $2,050 (3 BR) and $2,300 (4 BR) a month.

What is the Section 8 payment standard in 55443?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55443 that range is $1,413 to $1,727 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55443?

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.