FY2027 Small Area FMR · Shelly, MN

ZIP 56581 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 56581 (Shelly, MN) is $1,010 a month, up 4.1% from FY2026. That is 0% equal to the Norman County, MN area-wide FMR of $1,014.

2-bedroom SAFMR$1,010per month ▲ 4.1%

Area-wide 2 BR FMR$1,014Norman County, MN

Rank in the area7thof 16 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$750▲ 11.9%

1 BR$780▲ 5.4%

2 BR$1,010▲ 4.1%

3 BR$1,210▲ 3.4%

4 BR$1,340▲ 3.9%

FY2027 FY2026

Where 56581 sits in the Norman County, MN area

Of the 16 ZIP codes HUD lists for the area, 56581 has the 7th highest two-bedroom Small Area FMR. Norman 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 $1,014 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	$750	$675 – $825	$754	$670
1 bedroom	$780	$702 – $858	$775	$740
2 bedrooms	$1,010	$909 – $1,111	$1,014	$970
3 bedrooms	$1,210	$1,089 – $1,331	$1,208	$1,170
4 bedrooms	$1,340	$1,206 – $1,474	$1,333	$1,290

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 $97,500 and the 80% low-income limit for four people is $78,400. ZIP code 56581 lies mainly in Norman County. See the Norman County, MN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
56568	Nielsville	5.0 mi	$1,010
58219	Caledonia	5.6 mi	$1,010
56548	Halstad	6.5 mi	$1,010
56517	Beltrami	12.0 mi	$1,010
58045	Hillsboro	12.9 mi	$1,010
56550	Hendrum	13.0 mi	$1,110

Questions

What is the Fair Market Rent for ZIP code 56581?

HUD's FY2027 Small Area Fair Market Rents for 56581 are $750 (studio), $780 (1 BR), $1,010 (2 BR), $1,210 (3 BR) and $1,340 (4 BR) a month.

What is the Section 8 payment standard in 56581?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 56581 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 56581?

The FY2026 income limits of the Norman County, MN area apply: median family income $97,500, low-income (80%) limit $78,400 for a family of four.