FY2027 Small Area FMR · Grand Marais, MN

ZIP 55604 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55604 (Grand Marais, MN) is $1,080 a month, up 5.9% from FY2026. That is 6% above the Cook County, MN area-wide FMR of $1,022.

2-bedroom SAFMR$1,080per month ▲ 5.9%

Area-wide 2 BR FMR$1,022Cook County, MN

Rank in the area4thof 6 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$972

2 BR Small Area FMR$1,080

110% of SAFMR$1,188

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

Studio$750▲ 7.1%

1 BR$990▲ 6.5%

2 BR$1,080▲ 5.9%

3 BR$1,500▲ 11.1%

4 BR$1,580▲ 6.8%

FY2027 FY2026

Where 55604 sits in the Cook County, MN area

Of the 6 ZIP codes HUD lists for the area, 55604 has the 4th highest two-bedroom Small Area FMR. Cook County, MN 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 $1,022 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,080 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	$750	$675 – $825	$712	$700
1 bedroom	$990	$891 – $1,089	$939	$930
2 bedrooms	$1,080	$972 – $1,188	$1,022	$1,020
3 bedrooms	$1,500	$1,350 – $1,650	$1,415	$1,350
4 bedrooms	$1,580	$1,422 – $1,738	$1,492	$1,480

A household renting a two-bedroom home at the Small Area FMR of $1,080 needs about $43,200 a year to keep housing costs at 30% of income. The area median family income is $95,700 and the 80% low-income limit for four people is $78,400. ZIP code 55604 lies mainly in Cook County. See the Cook County, MN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
55612	Lutsen	14.1 mi	$1,210
55615	Tofte	24.7 mi	$1,390
55606	Hovland	28.4 mi	$1,070
55613	Schroeder	31.3 mi	$1,230
55605	Grand Portage	39.9 mi	$1,010
55603	Finland	42.5 mi	$1,150

Questions

What is the Fair Market Rent for ZIP code 55604?

HUD's FY2027 Small Area Fair Market Rents for 55604 are $750 (studio), $990 (1 BR), $1,080 (2 BR), $1,500 (3 BR) and $1,580 (4 BR) a month.

What is the Section 8 payment standard in 55604?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55604 that range is $972 to $1,188 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55604?

The FY2026 income limits of the Cook County, MN area apply: median family income $95,700, low-income (80%) limit $78,400 for a family of four.