FY2027 Small Area FMR · New London, MN

ZIP 56273 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 56273 (New London, MN) is $1,090 a month, up 4.8% from FY2026. That is 6% above the Kandiyohi County, MN area-wide FMR of $1,026.

2-bedroom SAFMR$1,090per month ▲ 4.8%

Area-wide 2 BR FMR$1,026Kandiyohi County, MN

Rank in the area8thof 19 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$981

2 BR Small Area FMR$1,090

110% of SAFMR$1,199

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

Studio$880▲ 4.8%

1 BR$890▲ 6.0%

2 BR$1,090▲ 4.8%

3 BR$1,510▲ 4.1%

4 BR$1,820▲ 4.6%

FY2027 FY2026

Where 56273 sits in the Kandiyohi County, MN area

Of the 19 ZIP codes HUD lists for the area, 56273 has the 8th highest two-bedroom Small Area FMR. Kandiyohi 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 $1,026 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,090 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	$831	$840
1 bedroom	$890	$801 – $979	$836	$840
2 bedrooms	$1,090	$981 – $1,199	$1,026	$1,040
3 bedrooms	$1,510	$1,359 – $1,661	$1,421	$1,450
4 bedrooms	$1,820	$1,638 – $2,002	$1,715	$1,740

A household renting a two-bedroom home at the Small Area FMR of $1,090 needs about $43,600 a year to keep housing costs at 30% of income. The area median family income is $101,400 and the 80% low-income limit for four people is $81,100. ZIP code 56273 lies mainly in Kandiyohi County. See the Kandiyohi County, MN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
56288	Spicer	5.6 mi	$1,010
56312	Belgrade	10.5 mi	$1,090
56279	Pennock	11.5 mi	$1,250
56289	Sunburg	11.9 mi	$1,010
56251	Kandiyohi	12.4 mi	$1,010
56362	Paynesville	14.2 mi	$1,150

Questions

What is the Fair Market Rent for ZIP code 56273?

HUD's FY2027 Small Area Fair Market Rents for 56273 are $880 (studio), $890 (1 BR), $1,090 (2 BR), $1,510 (3 BR) and $1,820 (4 BR) a month.

What is the Section 8 payment standard in 56273?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 56273 that range is $981 to $1,199 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 56273?

The FY2026 income limits of the Kandiyohi County, MN area apply: median family income $101,400, low-income (80%) limit $81,100 for a family of four.