FY2027 Small Area FMR · Madison, MN
ZIP 56256 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 56256 (Madison, MN) is $1,140 a month, up 2.7% from FY2026. That is 12% above the Lac qui Parle County, MN area-wide FMR of $1,014.
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 56256 sits in the Lac qui Parle County, MN area
Of the 11 ZIP codes HUD lists for the area, 56256 has the 2nd highest two-bedroom Small Area FMR. Lac qui Parle 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 $1,140 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $790 | $711 – $869 | $706 | $770 |
| 1 bedroom | $950 | $855 – $1,045 | $841 | $950 |
| 2 bedrooms | $1,140 | $1,026 – $1,254 | $1,014 | $1,110 |
| 3 bedrooms | $1,580 | $1,422 – $1,738 | $1,404 | $1,540 |
| 4 bedrooms | $1,660 | $1,494 – $1,826 | $1,481 | $1,680 |
A household renting a two-bedroom home at the Small Area FMR of $1,140 needs about $45,600 a year to keep housing costs at 30% of income. The area median family income is $99,300 and the 80% low-income limit for four people is $79,450. ZIP code 56256 lies mainly in Lac qui Parle County. See the Lac qui Parle County, MN county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 56256?
HUD's FY2027 Small Area Fair Market Rents for 56256 are $790 (studio), $950 (1 BR), $1,140 (2 BR), $1,580 (3 BR) and $1,660 (4 BR) a month.
What is the Section 8 payment standard in 56256?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 56256 that range is $1,026 to $1,254 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 56256?
The FY2026 income limits of the Lac qui Parle County, MN area apply: median family income $99,300, low-income (80%) limit $79,450 for a family of four.