FY2027 Small Area FMR · Lutsen, MN

ZIP 55612 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55612 (Lutsen, MN) is $1,210 a month, up 2.5% from FY2026. That is 18% above the Cook County, MN area-wide FMR of $1,022.

2-bedroom SAFMR$1,210per month ▲ 2.5%

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

Rank in the area3rdof 6 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,089

2 BR Small Area FMR$1,210

110% of SAFMR$1,331

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

Studio$840▲ 3.7%

1 BR$1,110▲ 3.7%

2 BR$1,210▲ 2.5%

3 BR$1,680▲ 7.7%

4 BR$1,770▲ 3.5%

FY2027 FY2026

Where 55612 sits in the Cook County, MN area

Of the 6 ZIP codes HUD lists for the area, 55612 has the 3rd 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 $1,210 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	$840	$756 – $924	$712	$810
1 bedroom	$1,110	$999 – $1,221	$939	$1,070
2 bedrooms	$1,210	$1,089 – $1,331	$1,022	$1,180
3 bedrooms	$1,680	$1,512 – $1,848	$1,415	$1,560
4 bedrooms	$1,770	$1,593 – $1,947	$1,492	$1,710

A household renting a two-bedroom home at the Small Area FMR of $1,210 needs about $48,400 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 55612 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
55615	Tofte	10.7 mi	$1,390
55604	Grand Marais	14.1 mi	$1,080
55613	Schroeder	17.4 mi	$1,230
55603	Finland	30.4 mi	$1,150
55606	Hovland	34.7 mi	$1,070
55607	Isabella	36.5 mi	$1,150

Questions

What is the Fair Market Rent for ZIP code 55612?

HUD's FY2027 Small Area Fair Market Rents for 55612 are $840 (studio), $1,110 (1 BR), $1,210 (2 BR), $1,680 (3 BR) and $1,770 (4 BR) a month.

What is the Section 8 payment standard in 55612?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55612 that range is $1,089 to $1,331 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55612?

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.