FY2027 Small Area FMR · Huntley, MN

ZIP 56047 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 56047 (Huntley, MN) is $1,010 a month, up 4.1% from FY2026. That is 0% equal to the Faribault County, MN area-wide FMR of $1,014.

2-bedroom SAFMR$1,010per month ▲ 4.1%

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

Rank in the area13thof 16 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$710▲ 6.0%

1 BR$860▲ 8.9%

2 BR$1,010▲ 4.1%

3 BR$1,400▲ 6.9%

4 BR$1,400▲ 6.1%

FY2027 FY2026

Where 56047 sits in the Faribault County, MN area

Of the 16 ZIP codes HUD lists for the area, 56047 has the 13th highest two-bedroom Small Area FMR. Faribault 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	$710	$639 – $781	$706	$670
1 bedroom	$860	$774 – $946	$859	$790
2 bedrooms	$1,010	$909 – $1,111	$1,014	$970
3 bedrooms	$1,400	$1,260 – $1,540	$1,386	$1,310
4 bedrooms	$1,400	$1,260 – $1,540	$1,391	$1,320

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 $88,200 and the 80% low-income limit for four people is $78,400. ZIP code 56047 lies mainly in Faribault County. See the Faribault County, MN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
56098	Winnebago	4.9 mi	$1,050
56039	Granada	6.5 mi	$1,110
56013	Blue Earth	10.1 mi	$1,070
56075	Northrop	10.1 mi	$1,010
56010	Amboy	11.0 mi	$1,060
56023	Delavan	11.5 mi	$1,070

Questions

What is the Fair Market Rent for ZIP code 56047?

HUD's FY2027 Small Area Fair Market Rents for 56047 are $710 (studio), $860 (1 BR), $1,010 (2 BR), $1,400 (3 BR) and $1,400 (4 BR) a month.

What is the Section 8 payment standard in 56047?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 56047 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 56047?

The FY2026 income limits of the Faribault County, MN area apply: median family income $88,200, low-income (80%) limit $78,400 for a family of four.