FY2027 Small Area FMR · Lake George, MN

ZIP 56458 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 56458 (Lake George, MN) is $1,250 a month, up 12.6% from FY2026. That is 23% above the Hubbard County, MN area-wide FMR of $1,020.

2-bedroom SAFMR$1,250per month ▲ 12.6%

Area-wide 2 BR FMR$1,020Hubbard County, MN

Rank in the area1stof 12 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,125

2 BR Small Area FMR$1,250

110% of SAFMR$1,375

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

Studio$870▲ 13.0%

1 BR$960▲ 12.9%

2 BR$1,250▲ 12.6%

3 BR$1,730▲ 12.3%

4 BR$2,090▲ 15.5%

FY2027 FY2026

Where 56458 sits in the Hubbard County, MN area

Of the 12 ZIP codes HUD lists for the area, 56458 has the 1st highest two-bedroom Small Area FMR. Hubbard 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 $1,020 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,250 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	$870	$783 – $957	$710	$770
1 bedroom	$960	$864 – $1,056	$780	$850
2 bedrooms	$1,250	$1,125 – $1,375	$1,020	$1,110
3 bedrooms	$1,730	$1,557 – $1,903	$1,412	$1,540
4 bedrooms	$2,090	$1,881 – $2,299	$1,705	$1,810

A household renting a two-bedroom home at the Small Area FMR of $1,250 needs about $50,000 a year to keep housing costs at 30% of income. The area median family income is $92,900 and the 80% low-income limit for four people is $78,400. ZIP code 56458 lies mainly in Hubbard County. See the Hubbard County, MN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
56461	Laporte	5.8 mi	$1,010
56470	Park Rapids	13.3 mi	$1,030
56467	Nevis	15.9 mi	$1,010
56678	Solway	16.9 mi	$1,250
56433	Akeley	20.2 mi	$1,070
56601	Bemidji	21.9 mi	$1,250

Questions

What is the Fair Market Rent for ZIP code 56458?

HUD's FY2027 Small Area Fair Market Rents for 56458 are $870 (studio), $960 (1 BR), $1,250 (2 BR), $1,730 (3 BR) and $2,090 (4 BR) a month.

What is the Section 8 payment standard in 56458?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 56458 that range is $1,125 to $1,375 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 56458?

The FY2026 income limits of the Hubbard County, MN area apply: median family income $92,900, low-income (80%) limit $78,400 for a family of four.