FY2027 Small Area FMR · Cleveland, MN

ZIP 56017 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 56017 (Cleveland, MN) is $1,040 a month, up 6.1% from FY2026. That is 5% below the Le Sueur County, MN area-wide FMR of $1,098.

2-bedroom SAFMR$1,040per month ▲ 6.1%

Area-wide 2 BR FMR$1,098Le Sueur County, MN

Rank in the area13thof 13 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$936

2 BR Small Area FMR$1,040

110% of SAFMR$1,144

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

Studio$760▲ 2.7%

1 BR$800▲ 6.7%

2 BR$1,040▲ 6.1%

3 BR$1,440▲ 5.9%

4 BR$1,620▲ 1.9%

FY2027 FY2026

Where 56017 sits in the Le Sueur County, MN area

Of the 13 ZIP codes HUD lists for the area, 56017 has the 13th highest two-bedroom Small Area FMR. Le Sueur 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 $1,098 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,040 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	$760	$684 – $836	$801	$740
1 bedroom	$800	$720 – $880	$839	$750
2 bedrooms	$1,040	$936 – $1,144	$1,098	$980
3 bedrooms	$1,440	$1,296 – $1,584	$1,520	$1,360
4 bedrooms	$1,620	$1,458 – $1,782	$1,708	$1,590

A household renting a two-bedroom home at the Small Area FMR of $1,040 needs about $41,600 a year to keep housing costs at 30% of income. The area median family income is $116,800 and the 80% low-income limit for four people is $93,450. ZIP code 56017 lies mainly in Le Sueur County. See the Le Sueur County, MN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
56063	Madison Lake	6.3 mi	$1,070
56050	Kasota	6.8 mi	$1,060
56028	Elysian	7.4 mi	$1,270
56057	Le Center	8.0 mi	$1,140
56058	Le Sueur	10.5 mi	$1,100
56024	Eagle Lake	11.2 mi	$1,630

Questions

What is the Fair Market Rent for ZIP code 56017?

HUD's FY2027 Small Area Fair Market Rents for 56017 are $760 (studio), $800 (1 BR), $1,040 (2 BR), $1,440 (3 BR) and $1,620 (4 BR) a month.

What is the Section 8 payment standard in 56017?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 56017 that range is $936 to $1,144 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 56017?

The FY2026 income limits of the Le Sueur County, MN area apply: median family income $116,800, low-income (80%) limit $93,450 for a family of four.