FY2027 Small Area FMR · Swan River, MN
ZIP 55784 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55784 (Swan River, MN) is $1,290 a month, up 19.4% from FY2026. That is 11% above the Itasca County, MN area-wide FMR of $1,164.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 55784 sits in the Itasca County, MN area
Of the 33 ZIP codes HUD lists for the area, 55784 has the 4th highest two-bedroom Small Area FMR. Itasca 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 $1,164 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,290 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $900 | $810 – $990 | $811 | $760 |
| 1 bedroom | $1,020 | $918 – $1,122 | $924 | $860 |
| 2 bedrooms | $1,290 | $1,161 – $1,419 | $1,164 | $1,080 |
| 3 bedrooms | $1,710 | $1,539 – $1,881 | $1,509 | $1,440 |
| 4 bedrooms | $1,930 | $1,737 – $2,123 | $1,635 | $1,650 |
A household renting a two-bedroom home at the Small Area FMR of $1,290 needs about $51,600 a year to keep housing costs at 30% of income. The area median family income is $92,900 and the 80% low-income limit for four people is $78,400. ZIP code 55784 lies mainly in Itasca County. See the Itasca County, MN county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 55784?
HUD's FY2027 Small Area Fair Market Rents for 55784 are $900 (studio), $1,020 (1 BR), $1,290 (2 BR), $1,710 (3 BR) and $1,930 (4 BR) a month.
What is the Section 8 payment standard in 55784?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55784 that range is $1,161 to $1,419 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 55784?
The FY2026 income limits of the Itasca County, MN area apply: median family income $92,900, low-income (80%) limit $78,400 for a family of four.