FY2027 Small Area FMR · Reading, MN

ZIP 56165 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 56165 (Reading, MN) is $1,050 a month, up 2.9% from FY2026. That is 2% below the Nobles County, MN area-wide FMR of $1,076.

2-bedroom SAFMR$1,050per month ▲ 2.9%

Area-wide 2 BR FMR$1,076Nobles County, MN

Rank in the area7thof 18 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$945

2 BR Small Area FMR$1,050

110% of SAFMR$1,155

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

Studio$730▲ 4.3%

1 BR$840▲ 5.0%

2 BR$1,050▲ 2.9%

3 BR$1,360▲ 7.1%

4 BR$1,470▲ 3.5%

FY2027 FY2026

Where 56165 sits in the Nobles County, MN area

Of the 18 ZIP codes HUD lists for the area, 56165 has the 7th highest two-bedroom Small Area FMR. Nobles 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 $1,076 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,050 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	$730	$657 – $803	$749	$700
1 bedroom	$840	$756 – $924	$823	$800
2 bedrooms	$1,050	$945 – $1,155	$1,076	$1,020
3 bedrooms	$1,360	$1,224 – $1,496	$1,426	$1,270
4 bedrooms	$1,470	$1,323 – $1,617	$1,508	$1,420

A household renting a two-bedroom home at the Small Area FMR of $1,050 needs about $42,000 a year to keep housing costs at 30% of income. The area median family income is $83,300 and the 80% low-income limit for four people is $78,400. ZIP code 56165 lies mainly in Nobles County. See the Nobles County, MN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
56185	Wilmont	7.9 mi	$1,010
56168	Rushmore	9.2 mi	$1,010
56187	Worthington	9.3 mi	$1,090
56131	Fulda	11.1 mi	$1,030
56141	Iona	11.6 mi	$1,010
56119	Brewster	12.0 mi	$1,080

Questions

What is the Fair Market Rent for ZIP code 56165?

HUD's FY2027 Small Area Fair Market Rents for 56165 are $730 (studio), $840 (1 BR), $1,050 (2 BR), $1,360 (3 BR) and $1,470 (4 BR) a month.

What is the Section 8 payment standard in 56165?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 56165 that range is $945 to $1,155 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 56165?

The FY2026 income limits of the Nobles County, MN area apply: median family income $83,300, low-income (80%) limit $78,400 for a family of four.