FY2027 Small Area FMR · Erhard, MN

ZIP 56534 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 56534 (Erhard, MN) is $1,080 a month, down 10.0% from FY2026. That is 1% above the Otter Tail County, MN area-wide FMR of $1,071.

2-bedroom SAFMR$1,080per month ▼ 10.0%

Area-wide 2 BR FMR$1,071Otter Tail County, MN

Rank in the area16thof 38 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$972

2 BR Small Area FMR$1,080

110% of SAFMR$1,188

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

Studio$740▼ 9.8%

1 BR$820▼ 9.9%

2 BR$1,080▼ 10.0%

3 BR$1,500▼ 9.6%

4 BR$1,580▼ 9.7%

FY2027 FY2026

Where 56534 sits in the Otter Tail County, MN area

Of the 38 ZIP codes HUD lists for the area, 56534 has the 16th 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 $1,080 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	$740	$666 – $814	$746	$820
1 bedroom	$820	$738 – $902	$819	$910
2 bedrooms	$1,080	$972 – $1,188	$1,071	$1,200
3 bedrooms	$1,500	$1,350 – $1,650	$1,476	$1,660
4 bedrooms	$1,580	$1,422 – $1,738	$1,489	$1,750

A household renting a two-bedroom home at the Small Area FMR of $1,080 needs about $43,200 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 56534 lies mainly in Otter Tail County. See the Otter Tail County, MN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
56533	Elizabeth	8.1 mi	$1,160
56572	Pelican Rapids	9.1 mi	$1,100
56528	Dent	9.6 mi	$1,510
56587	Vergas	13.6 mi	$1,030
56586	Underwood	13.6 mi	$1,150
56537	Fergus Falls	14.0 mi	$1,090

Questions

What is the Fair Market Rent for ZIP code 56534?

HUD's FY2027 Small Area Fair Market Rents for 56534 are $740 (studio), $820 (1 BR), $1,080 (2 BR), $1,500 (3 BR) and $1,580 (4 BR) a month.

What is the Section 8 payment standard in 56534?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 56534 that range is $972 to $1,188 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 56534?

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.