FY2027 Small Area FMR · Minneapolis, MN

ZIP 55445 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55445 (Minneapolis, MN) is $2,500 a month, down 2.3% from FY2026. That is 44% above the Minneapolis-St. Paul-Bloomington, MN-WI area-wide FMR of $1,734.

2-bedroom SAFMR$2,500per month ▼ 2.3%

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

Rank in the area5thof 246 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,250

2 BR Small Area FMR$2,500

110% of SAFMR$2,750

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

Studio$1,820▼ 2.2%

1 BR$2,060▼ 1.9%

2 BR$2,500▼ 2.3%

3 BR$3,260▼ 3.8%

4 BR$3,660▼ 3.4%

FY2027 FY2026

Where 55445 sits in the Minneapolis-St. Paul-Bloomington, MN-WI area

Of the 246 ZIP codes HUD lists for the area, 55445 has the 5th 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 $2,500 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	$1,820	$1,638 – $2,002	$1,265	$1,860
1 bedroom	$2,060	$1,854 – $2,266	$1,427	$2,100
2 bedrooms	$2,500	$2,250 – $2,750	$1,734	$2,560
3 bedrooms	$3,260	$2,934 – $3,586	$2,264	$3,390
4 bedrooms	$3,660	$3,294 – $4,026	$2,538	$3,790

A household renting a two-bedroom home at the Small Area FMR of $2,500 needs about $100,000 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 55445 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
55443	Minneapolis	2.0 mi	$1,570
55369	Osseo	3.2 mi	$2,160
55316	Champlin	3.5 mi	$1,950
55444	Minneapolis	4.0 mi	$1,740
55433	Minneapolis	4.1 mi	$1,710
55428	Minneapolis	4.1 mi	$1,580

Questions

What is the Fair Market Rent for ZIP code 55445?

HUD's FY2027 Small Area Fair Market Rents for 55445 are $1,820 (studio), $2,060 (1 BR), $2,500 (2 BR), $3,260 (3 BR) and $3,660 (4 BR) a month.

What is the Section 8 payment standard in 55445?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55445 that range is $2,250 to $2,750 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55445?

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.