FY2027 Small Area FMR · Rochester, MN

ZIP 55903 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55903 (Rochester, MN) is $1,440 a month, up 1.4% from FY2026. That is 1% above the Rochester, MN area-wide FMR of $1,422.

2-bedroom SAFMR$1,440per month ▲ 1.4%

Area-wide 2 BR FMR$1,422Rochester, MN

Rank in the area4thof 28 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,296

2 BR Small Area FMR$1,440

110% of SAFMR$1,584

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

Studio$1,200▲ 7.1%

1 BR$1,240▲ 3.3%

2 BR$1,440▲ 1.4%

3 BR$1,990▲ 1.0%

4 BR$2,410▲ 1.3%

FY2027 FY2026

Where 55903 sits in the Rochester, MN area

Of the 28 ZIP codes HUD lists for the area, 55903 has the 4th highest two-bedroom Small Area FMR. Rochester, 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 $1,422 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,440 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	$1,200	$1,080 – $1,320	$1,183	$1,120
1 bedroom	$1,240	$1,116 – $1,364	$1,226	$1,200
2 bedrooms	$1,440	$1,296 – $1,584	$1,422	$1,420
3 bedrooms	$1,990	$1,791 – $2,189	$1,969	$1,970
4 bedrooms	$2,410	$2,169 – $2,651	$2,377	$2,380

A household renting a two-bedroom home at the Small Area FMR of $1,440 needs about $57,600 a year to keep housing costs at 30% of income. The area median family income is $135,800 and the 80% low-income limit for four people is $106,800. ZIP code 55903 lies mainly in Olmsted County. See the Rochester, MN metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
55902	Rochester	2.4 mi	$1,740
55905	Rochester	4.2 mi	$1,440
55920	Byron	4.2 mi	$1,270
55901	Rochester	5.3 mi	$1,470
55904	Rochester	7.5 mi	$1,410
55944	Kasson	8.8 mi	$1,340

Questions

What is the Fair Market Rent for ZIP code 55903?

HUD's FY2027 Small Area Fair Market Rents for 55903 are $1,200 (studio), $1,240 (1 BR), $1,440 (2 BR), $1,990 (3 BR) and $2,410 (4 BR) a month.

What is the Section 8 payment standard in 55903?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55903 that range is $1,296 to $1,584 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 55903?

The FY2026 income limits of the Rochester, MN area apply: median family income $135,800, low-income (80%) limit $106,800 for a family of four.