FY2027 Small Area FMR · Garden City, MN

ZIP 56034 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 56034 (Garden City, MN) is $1,070 a month, up 0.9% from FY2026. That is 13% below the Mankato, MN area-wide FMR of $1,230.

2-bedroom SAFMR$1,070per month ▲ 0.9%

Area-wide 2 BR FMR$1,230Mankato, MN

Rank in the area15thof 30 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$963

2 BR Small Area FMR$1,070

110% of SAFMR$1,177

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

Studio$880▲ 1.1%

1 BR$890▲ 1.1%

2 BR$1,070▲ 0.9%

3 BR$1,480▼ 0.7%

4 BR$1,730▼ 2.8%

FY2027 FY2026

Where 56034 sits in the Mankato, MN area

Of the 30 ZIP codes HUD lists for the area, 56034 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

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$880	$792 – $968	$1,016	$870
1 bedroom	$890	$801 – $979	$1,023	$880
2 bedrooms	$1,070	$963 – $1,177	$1,230	$1,060
3 bedrooms	$1,480	$1,332 – $1,628	$1,703	$1,490
4 bedrooms	$1,730	$1,557 – $1,903	$1,744	$1,780

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 56034 lies mainly in Blue Earth County. See the Mankato, MN metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
56090	Vernon Center	5.9 mi	$1,190
56037	Good Thunder	6.5 mi	$1,060
56055	Lake Crystal	7.4 mi	$1,060
56010	Amboy	9.8 mi	$1,060
56062	Madelia	11.6 mi	$1,060
56001	Mankato	12.2 mi	$1,350

Questions

What is the Fair Market Rent for ZIP code 56034?

HUD's FY2027 Small Area Fair Market Rents for 56034 are $880 (studio), $890 (1 BR), $1,070 (2 BR), $1,480 (3 BR) and $1,730 (4 BR) a month.

What is the Section 8 payment standard in 56034?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 56034 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 56034?

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.