FY2027 Small Area FMR · Courtland, MN
ZIP 56021 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 56021 (Courtland, MN) is $1,070 a month, down 7.0% from FY2026. That is 13% below the Mankato, MN area-wide FMR of $1,230.
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 56021 sits in the Mankato, MN area
Of the 30 ZIP codes HUD lists for the area, 56021 has the 15th highest two-bedroom Small Area FMR. Mankato, 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 $1,230 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,070 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $880 | $792 – $968 | $1,016 | $950 |
| 1 bedroom | $880 | $792 – $968 | $1,023 | $960 |
| 2 bedrooms | $1,070 | $963 – $1,177 | $1,230 | $1,150 |
| 3 bedrooms | $1,470 | $1,323 – $1,617 | $1,703 | $1,600 |
| 4 bedrooms | $1,730 | $1,557 – $1,903 | $1,744 | $1,880 |
A household renting a two-bedroom home at the Small Area FMR of $1,070 needs about $42,800 a year to keep housing costs at 30% of income. The area median family income is $106,500 and the 80% low-income limit for four people is $85,200. ZIP code 56021 lies mainly in Nicollet County. See the Mankato, MN metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 56021?
HUD's FY2027 Small Area Fair Market Rents for 56021 are $880 (studio), $880 (1 BR), $1,070 (2 BR), $1,470 (3 BR) and $1,730 (4 BR) a month.
What is the Section 8 payment standard in 56021?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 56021 that range is $963 to $1,177 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 56021?
The FY2026 income limits of the Mankato, MN area apply: median family income $106,500, low-income (80%) limit $85,200 for a family of four.