FY2027 Small Area FMR · Cold Spring, MN

ZIP 56320 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 56320 (Cold Spring, MN) is $1,530 a month, up 12.5% from FY2026. That is 24% above the St. Cloud, MN area-wide FMR of $1,233.

2-bedroom SAFMR$1,530per month ▲ 12.5%

Area-wide 2 BR FMR$1,233St. Cloud, MN

Rank in the area7thof 45 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,377

2 BR Small Area FMR$1,530

110% of SAFMR$1,683

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

Studio$1,100▲ 11.1%

1 BR$1,190▲ 14.4%

2 BR$1,530▲ 12.5%

3 BR$2,060▲ 13.8%

4 BR$2,430▲ 15.2%

FY2027 FY2026

Where 56320 sits in the St. Cloud, MN area

Of the 45 ZIP codes HUD lists for the area, 56320 has the 7th highest two-bedroom Small Area FMR. St. Cloud, 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 $1,233 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,530 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	$1,100	$990 – $1,210	$884	$990
1 bedroom	$1,190	$1,071 – $1,309	$961	$1,040
2 bedrooms	$1,530	$1,377 – $1,683	$1,233	$1,360
3 bedrooms	$2,060	$1,854 – $2,266	$1,656	$1,810
4 bedrooms	$2,430	$2,187 – $2,673	$1,961	$2,110

A household renting a two-bedroom home at the Small Area FMR of $1,530 needs about $61,200 a year to keep housing costs at 30% of income. The area median family income is $107,100 and the 80% low-income limit for four people is $85,700. ZIP code 56320 lies mainly in Stearns County. See the St. Cloud, MN metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
56369	Rockville	2.8 mi	$1,090
56368	Richmond	7.7 mi	$1,090
56321	Collegeville	7.8 mi	$1,270
56301	Saint Cloud	7.9 mi	$1,350
56387	Waite Park	9.1 mi	$1,280
55353	Kimball	10.2 mi	$1,090

Questions

What is the Fair Market Rent for ZIP code 56320?

HUD's FY2027 Small Area Fair Market Rents for 56320 are $1,100 (studio), $1,190 (1 BR), $1,530 (2 BR), $2,060 (3 BR) and $2,430 (4 BR) a month.

What is the Section 8 payment standard in 56320?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 56320 that range is $1,377 to $1,683 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 56320?

The FY2026 income limits of the St. Cloud, MN area apply: median family income $107,100, low-income (80%) limit $85,700 for a family of four.