FY2027 Small Area FMR · Austin, MN
ZIP 55912 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55912 (Austin, MN) is $1,100 a month, up 2.8% from FY2026. That is 6% above the Freeborn County, MN area-wide FMR of $1,033.
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 55912 sits in the Freeborn County, MN area
Of the 19 ZIP codes HUD lists for the area, 55912 has the 7th highest two-bedroom Small Area FMR. Freeborn 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 $1,033 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,100 for this ZIP code instead.
ZIP code 55912 crosses more than one HUD area. HUD also lists it under Mower County, MN (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $770 | $693 – $847 | $719 | $740 |
| 1 bedroom | $840 | $756 – $924 | $790 | $820 |
| 2 bedrooms | $1,100 | $990 – $1,210 | $1,033 | $1,070 |
| 3 bedrooms | $1,470 | $1,323 – $1,617 | $1,355 | $1,380 |
| 4 bedrooms | $1,480 | $1,332 – $1,628 | $1,555 | $1,490 |
A household renting a two-bedroom home at the Small Area FMR of $1,100 needs about $44,000 a year to keep housing costs at 30% of income. The area median family income is $91,600 and the 80% low-income limit for four people is $78,400. ZIP code 55912 lies mainly in Mower County and Freeborn County. See the Freeborn 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 55912?
HUD's FY2027 Small Area Fair Market Rents for 55912 are $770 (studio), $840 (1 BR), $1,100 (2 BR), $1,470 (3 BR) and $1,480 (4 BR) a month.
What is the Section 8 payment standard in 55912?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55912 that range is $990 to $1,210 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 55912?
The FY2026 income limits of the Freeborn County, MN area apply: median family income $91,600, low-income (80%) limit $78,400 for a family of four.