FY2027 Small Area FMR · Askov, MN

ZIP 55704 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55704 (Askov, MN) is $1,010 a month, up 4.1% from FY2026. That is 8% below the Pine County, MN area-wide FMR of $1,096.

2-bedroom SAFMR$1,010per month ▲ 4.1%

Area-wide 2 BR FMR$1,096Pine County, MN

Rank in the area16thof 18 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$909

2 BR Small Area FMR$1,010

110% of SAFMR$1,111

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

Studio$770▲ 4.1%

1 BR$780▲ 5.4%

2 BR$1,010▲ 4.1%

3 BR$1,210▲ 3.4%

4 BR$1,390▲ 7.8%

FY2027 FY2026

Where 55704 sits in the Pine County, MN area

Of the 18 ZIP codes HUD lists for the area, 55704 has the 16th highest two-bedroom Small Area FMR. Pine 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 $1,096 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,010 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	$770	$693 – $847	$832	$740
1 bedroom	$780	$702 – $858	$838	$740
2 bedrooms	$1,010	$909 – $1,111	$1,096	$970
3 bedrooms	$1,210	$1,089 – $1,331	$1,306	$1,170
4 bedrooms	$1,390	$1,251 – $1,529	$1,496	$1,290

A household renting a two-bedroom home at the Small Area FMR of $1,010 needs about $40,400 a year to keep housing costs at 30% of income. The area median family income is $90,800 and the 80% low-income limit for four people is $78,400. ZIP code 55704 lies mainly in Pine County. See the Pine County, MN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
55795	Willow River	8.3 mi	$1,010
55712	Bruno	11.9 mi	$1,120
55735	Finlayson	12.4 mi	$1,240
55037	Hinckley	12.5 mi	$1,140
55756	Kerrick	12.6 mi	$1,170
55072	Sandstone	13.5 mi	$1,220

Questions

What is the Fair Market Rent for ZIP code 55704?

HUD's FY2027 Small Area Fair Market Rents for 55704 are $770 (studio), $780 (1 BR), $1,010 (2 BR), $1,210 (3 BR) and $1,390 (4 BR) a month.

What is the Section 8 payment standard in 55704?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55704 that range is $909 to $1,111 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55704?

The FY2026 income limits of the Pine County, MN area apply: median family income $90,800, low-income (80%) limit $78,400 for a family of four.