FY2027 Small Area FMR · Minneapolis, MN

ZIP 55448 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55448 (Minneapolis, MN) is $2,070 a month, up 0.5% from FY2026. That is 19% above the Minneapolis-St. Paul-Bloomington, MN-WI area-wide FMR of $1,734.

2-bedroom SAFMR$2,070per month ▲ 0.5%

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

Rank in the area34thof 246 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,863

2 BR Small Area FMR$2,070

110% of SAFMR$2,277

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

Studio$1,510▲ 0.7%

1 BR$1,700▲ 0.6%

2 BR$2,070▲ 0.5%

3 BR$2,700▼ 1.1%

4 BR$3,030▼ 0.7%

FY2027 FY2026

Where 55448 sits in the Minneapolis-St. Paul-Bloomington, MN-WI area

Of the 246 ZIP codes HUD lists for the area, 55448 has the 34th 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 $2,070 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	$1,510	$1,359 – $1,661	$1,265	$1,500
1 bedroom	$1,700	$1,530 – $1,870	$1,427	$1,690
2 bedrooms	$2,070	$1,863 – $2,277	$1,734	$2,060
3 bedrooms	$2,700	$2,430 – $2,970	$2,264	$2,730
4 bedrooms	$3,030	$2,727 – $3,333	$2,538	$3,050

A household renting a two-bedroom home at the Small Area FMR of $2,070 needs about $82,800 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 55448 lies mainly in Anoka 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
55433	Minneapolis	2.4 mi	$1,710
55434	Minneapolis	3.2 mi	$2,100
55304	Andover	3.9 mi	$2,000
55316	Champlin	4.4 mi	$1,950
55443	Minneapolis	5.6 mi	$1,570
55449	Minneapolis	5.8 mi	$2,100

Questions

What is the Fair Market Rent for ZIP code 55448?

HUD's FY2027 Small Area Fair Market Rents for 55448 are $1,510 (studio), $1,700 (1 BR), $2,070 (2 BR), $2,700 (3 BR) and $3,030 (4 BR) a month.

What is the Section 8 payment standard in 55448?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55448 that range is $1,863 to $2,277 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55448?

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.