FY2027 Small Area FMR · Climax, MN

ZIP 56523 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 56523 (Climax, MN) is $1,010 a month, up 4.1% from FY2026. That is 0% equal to the Grand Forks, ND-MN area-wide FMR of $1,014.

2-bedroom SAFMR$1,010per month ▲ 4.1%

Area-wide 2 BR FMR$1,014Grand Forks, ND-MN

Rank in the area29thof 49 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$909

2 BR Small Area FMR$1,010

110% of SAFMR$1,111

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

Studio$820▲ 6.5%

1 BR$820▲ 5.1%

2 BR$1,010▲ 4.1%

3 BR$1,410▲ 4.4%

4 BR$1,700▲ 3.7%

FY2027 FY2026

Where 56523 sits in the Grand Forks, ND-MN area

Of the 49 ZIP codes HUD lists for the area, 56523 has the 29th highest two-bedroom Small Area FMR. Grand Forks, ND-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 $1,010 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	$820	$738 – $902	$816	$770
1 bedroom	$820	$738 – $902	$821	$780
2 bedrooms	$1,010	$909 – $1,111	$1,014	$970
3 bedrooms	$1,410	$1,269 – $1,551	$1,404	$1,350
4 bedrooms	$1,700	$1,530 – $1,870	$1,695	$1,640

A household renting a two-bedroom home at the Small Area FMR of $1,010 needs about $40,400 a year to keep housing costs at 30% of income. The area median family income is $106,800 and the 80% low-income limit for four people is $85,700. ZIP code 56523 lies mainly in Polk County. See the Grand Forks, ND-MN metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
56568	Nielsville	8.3 mi	$1,010
56723	Fisher	11.0 mi	$1,060
58218	Buxton	11.2 mi	$1,010
58219	Caledonia	12.3 mi	$1,010
56581	Shelly	13.2 mi	$1,010
56716	Crookston	13.6 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 56523?

HUD's FY2027 Small Area Fair Market Rents for 56523 are $820 (studio), $820 (1 BR), $1,010 (2 BR), $1,410 (3 BR) and $1,700 (4 BR) a month.

What is the Section 8 payment standard in 56523?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 56523 that range is $909 to $1,111 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 56523?

The FY2026 income limits of the Grand Forks, ND-MN area apply: median family income $106,800, low-income (80%) limit $85,700 for a family of four.