FY2027 Small Area FMR · Wadena, MN
ZIP 56482 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 56482 (Wadena, MN) is $1,020 a month, up 4.1% from FY2026. That is 5% below the Otter Tail County, MN area-wide FMR of $1,071.
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 56482 sits in the Otter Tail County, MN area
Of the 38 ZIP codes HUD lists for the area, 56482 has the 28th highest two-bedroom Small Area FMR. Otter Tail 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 $1,071 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,020 for this ZIP code instead.
ZIP code 56482 crosses more than one HUD area. HUD also lists it under Todd County, MN (same figures) and Wadena County, MN (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $710 | $639 – $781 | $746 | $670 |
| 1 bedroom | $800 | $720 – $880 | $819 | $750 |
| 2 bedrooms | $1,020 | $918 – $1,122 | $1,071 | $980 |
| 3 bedrooms | $1,280 | $1,152 – $1,408 | $1,476 | $1,200 |
| 4 bedrooms | $1,400 | $1,260 – $1,540 | $1,489 | $1,320 |
A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 a year to keep housing costs at 30% of income. The area median family income is $99,700 and the 80% low-income limit for four people is $79,750. ZIP code 56482 lies mainly in Wadena County, Otter Tail County and Todd County. See the Otter Tail 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 56482?
HUD's FY2027 Small Area Fair Market Rents for 56482 are $710 (studio), $800 (1 BR), $1,020 (2 BR), $1,280 (3 BR) and $1,400 (4 BR) a month.
What is the Section 8 payment standard in 56482?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 56482 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 56482?
The FY2026 income limits of the Otter Tail County, MN area apply: median family income $99,700, low-income (80%) limit $79,750 for a family of four.