FY2027 Small Area FMR · Preston, MN

ZIP 55965 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 55965 (Preston, MN) is $1,010 a month, up 4.1% from FY2026. That is 0% equal to the Fillmore County, MN area-wide FMR of $1,014.

2-bedroom SAFMR$1,010per month ▲ 4.1%

Area-wide 2 BR FMR$1,014Fillmore County, MN

Rank in the area12thof 17 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$1,340▲ 3.1%

4 BR$1,340▲ 2.3%

FY2027 FY2026

Where 55965 sits in the Fillmore County, MN area

Of the 17 ZIP codes HUD lists for the area, 55965 has the 12th highest two-bedroom Small Area FMR. Fillmore 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 $1,014 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	$770	$740
1 bedroom	$780	$702 – $858	$775	$740
2 bedrooms	$1,010	$909 – $1,111	$1,014	$970
3 bedrooms	$1,340	$1,206 – $1,474	$1,328	$1,300
4 bedrooms	$1,340	$1,206 – $1,474	$1,333	$1,310

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 $98,800 and the 80% low-income limit for four people is $79,050. ZIP code 55965 lies mainly in Fillmore County. See the Fillmore County, MN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
55939	Harmony	5.8 mi	$1,010
55935	Fountain	8.6 mi	$1,010
55990	Wykoff	10.1 mi	$1,110
55949	Lanesboro	11.3 mi	$1,010
55922	Canton	12.2 mi	$1,010
55975	Spring Valley	12.4 mi	$1,190

Questions

What is the Fair Market Rent for ZIP code 55965?

HUD's FY2027 Small Area Fair Market Rents for 55965 are $770 (studio), $780 (1 BR), $1,010 (2 BR), $1,340 (3 BR) and $1,340 (4 BR) a month.

What is the Section 8 payment standard in 55965?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 55965 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 55965?

The FY2026 income limits of the Fillmore County, MN area apply: median family income $98,800, low-income (80%) limit $79,050 for a family of four.